PancakeSwap Initiated a Proposal To Add CAKE Rewards to Some Liquidity Pools of zkSync
PancakeSwap initiated a proposal to add CAKE rewards to some liquidity pools of zkSync, in which WETH/USDC (0.05% rate level) is a 40 times income multiplier, and WETH/USDC (0.25% rate level) is a 15 times income multiplier. Voting will Ends August 2nd.
PancakeSwap to Share Trading-Fee Revenue with CAKE Stakers in New Program
PancakeSwap, the second-largest decentralized exchange by trading volume, has announced a revenue-sharing program for stakers of its native token, CAKE. Starting from August 9, fixed-term CAKE stakers will receive 5% of the trading-fee revenue from all PancakeSwap v3 pairs with 0.01% and 0.05% fee tiers on a recurring and weekly basis.
PancakeSwap Expands to zkSync Era Blockchain to Increase User Base and Revenue
PancakeSwap, a decentralized exchange, has expanded to the zkSync Era blockchain, according to the DEX's developer. This move is part of PancakeSwap's strategy to increase its user base and revenue. PancakeSwap will offer token swap and liquidity provisioning features with transactional fees of 0.01% at launch, with the farms feature set to go live in the coming weeks. As a DEX, PancakeSwap relies on smart contracts instead of middlemen to process trades, lending, and lottery services for users.
Crypto Industry Developments: Ripple Ruling, PancakeSwap-Google Cloud Partnership, OKX Supporting ETH Tokens, Polygon Token Upgrade, SEC Action Against Celsius
This week in the crypto industry, Ripple, PancakeSwap, OKX, and Polygon made significant advancements through new partnerships. In a major development, a judge ruled that Ripple's XRP does not fall under the definition of a security, potentially paving the way for more freedom in the sale and trade of cryptocurrencies.
PancakeSwap Partners with Google Cloud to Ensure Infrastructure Availability and Reliability
Decentralized trading platform PancakeSwap has partnered with Google Cloud to ensure the availability and reliability of its infrastructure, using Google Kubernetes Engine and Dysnix's PreditKube solution to predict and manage traffic spikes. The platform is also working with audit firms and leveraging Cloud Armor to secure its smart contracts, with plans to expand services by adding more chains and exploring non-fungible tokens. The partnership has seen PancakeSwap's native token, CAKE, rise in value by 3.9% within the last 24 hours, with the platform's engineers now able to focus on developing new features and improving user experience. However, PancakeSwap's market cap and revenue have both seen declines in the past 24 hours, according to Token Terminal data.
PancakeSwap Releases Roadmap for the Third Quarter
PancakeSwap releases Q3 roadmap, including V3 position manager, revenue sharing pool, scaling to more chains, dynamic fees, easy staking integration, website improvements, and more.
PolyNetwork exploiter selling METIS on Pancakeswap and causes a Big Arbitrage
July 5 (Cointime) -According to spotonchain，PolyNetwork exploiter is selling $METIS on #Pancakeswap and causes a big arbitrage in the price of $METIS.
PancakeSwap V3 has officially been deployed to the Polygon zkEVM Mainnet
July 4 (Cointime) -According to Pancake, Decentralized exchange platform PancakeSwap announced that its V3 version has been officially deployed on the Polygon zkEVM mainnet and joined Linea Voyage's DeFi Week as a testnet ecosystem partner.
PancakeSwap Launches V3 on Polygon zkEVM, Monthly DEX Volume Falls 54% in June
June 30 (Cointime) - PancakeSwap's DEX volume decreased by 54% in June, while Polygon zkEVM had lower liquidity compared to other scaling solutions. PancakeSwap launched its third iteration, V3, on the Polygon zkEVM chain to expand and increase revenue.
PancakeSwap to Launch on Polygon zkEVM Network for Lower Fees and Faster Transactions
June 29 (Cointime) - PancakeSwap, a decentralized exchange (DEX), is set to launch on the Polygon zkEVM network as part of its expansion plans to increase its user base and generate more protocol revenues. Unlike traditional exchanges, PancakeSwap uses smart contracts to process trading, lending, and lottery services for users on the BNB Chain, Ethereum, and Aptos blockchains.
