PancakeSwap, the decentralized cryptocurrency exchange, recently unveiled its latest roadmap. The launch of PancakeSwap V3 at the start of April marked the beginning of a new era for the platform, as the developers look to expand across the DeFi ecosystem and tackle CAKE inflation.

The V3 upgrade is a key part of PancakeSwap’s multichain strategy and is located on Aptos and Ethereum, as well as BNB Chain, where the platform was initially launched. In an AMA this week, the Product Manager noted that “we are looking to further expand to some other strong and promising blockchains to capture […]many great opportunities”. This ambition has already been realized, with PancakeSwap becoming the largest DEX on Aptos and BNB Chain, and breaking into the top 10 DEXs by volume on Ethereum within 10 days of its launch.

PancakeSwap is also seeking to bring the features users have come to expect on BNB Chain to its new blockchains. This includes expanding CAKE, the platform’s native token, to take advantage of the multichain growth. To this end, the team is exploring ways that PancakeSwap V3 can make locked CAKE utility available to other blockchains.

In addition, PancakeSwap is working on new tools to help users manage their liquidity positions. The position manager will grant them access to a range of strategies with which to automate their investment.

Naturally, with such a huge increase in CAKE tokens, many have been concerned with inflation. To address this, PancakeSwap have sought to reduce the amount of CAKE generated, leading to a 45% yield reduction on BNB Chain and a 32% cut on Ethereum. They’re also hoping that greater trading volumes will lead to further CAKE burning, ensuring yield is not adversely affected.

Overall, the PancakeSwap V3 upgrade looks to be a momentous time in the platform’s expansion and ongoing growth across the DeFi ecosystem. Most importantly though, the team’s emphasis on tackling CAKE inflation is sure to be welcomed by long-time users.



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