Pancakeswap v3 Launch

• Pancakeswap announced that it plans to launch its version three (v3) iteration of the platform in April 2023.
• The new application will include new features such as improved liquidity provisioning, competitive trading fees, trading incentives, and a better yield farming experience.
• To celebrate the launch, Pancakeswap is offering an early supporter program with $135,000 worth of CAKE and a Pancakeswap v3 NFT.

Overview

Decentralized exchange Pancakeswap has announced that it plans to launch version three (v3) of its platform during the first week of April 2023 on Binance Smart Chain (BSC). The new version will introduce features such as improved liquidity provisioning, competitive trading fees, trading incentives and an enhanced yield farming experience. To celebrate the launch, Pancakeswap is offering an Early Supporter Program with $135,000 worth of CAKE tokens and a special Pancakeswap v3 non-fungible token (NFT).

Features of V3 Iteration

PancakeSwap’s third iteration will offer many new features designed to improve user accessibility and yield farming experience. These features include:
• Improved Liquidity Provisioning – This feature allows users to provide increased liquidity for their selected tokens. This provides more opportunities for profitable trades.
• Competitive Trading Fees – The protocol offers significantly lower fees than other decentralized exchanges on the market.
• Trading Incentives – New incentives are available for traders who participate in certain activities such as providing liquidity or staking their tokens in specific pools.
• Enhanced Yield Farming Experience – With this feature users can take advantage of higher yields by participating in different types of rewards programs offered by the protocol.

Competitors

PancakeSwap’s main competitors are Uniswap and Sushiswap which also provide decentralized exchange services on various blockchain networks like Ethereum and Aptos as well as BSC network where PancakeSwap is launching its v3 iteration soon.. Over the last 24 hours Uniswaps recorded $1.47 billion in dex trade volume whereas pancakesawp’s second largest dex recorded $97 million trade volume with 3223 tokens listed compared to Uniswp’s 955 coins listed only . Other competitors include Balancer , Trader Joe v2 , Shibaswa p etc .

Early Supporter Program

To celebrate the upcoming launch of version three , pancakeSwaps is offering an Early Supporter Program which includes rewards worth up to $135 000 worth of CAKE Tokens along with a special PancakeSwaps v3 Non Fungible Token(NFT) .