- The update will take place at the beginning of April.
- The third version of PancakeSwap will add liquidity pools for “farming”
- This iteration will also be available on the BNB Chain
- Deployment to the same ecosystem was previously reported by the Uniswap community
On Saturday, March 4, the PancakeSwap team announced the release of the third version of the service. The update announced several important changes aimed, among other things, at liquidity and commissions.
About it stated administration of DEX on the official page of the resource on Twitter. Also, according to the press release, the most dedicated members of the community will receive an exclusive NFT at the launch of the third version and a share in the $135,000 airdrop.
This is how the head chef of PancakeSwap Mochi commented on the news:
“With this update, we want to offer our community a completely different experience and make DeFi more accessible to more users.”
As for the changes in this update, not much is known about them. According to the press release, PancakeSwap v3 will offer “competitive” trading fees, improved liquidity provision, and “yield farming” pools.
But, most importantly, along with this version, DEX will be available on the BNB Chain. And this means that competition between PancakeSwap and Uniswap is brewing. Recall that the community of the latter also approved the integration into the new ecosystem.
It is noteworthy that one of the main investors in Uniswap, the a16z fund, opposed the initiative. The main reason for this was the choice of another bridge.
As for PancakeSwap itself, there has been an increase in activity on the site over the past month. According to DappRadar, during this period, the UAW (unique wallets) indicator was 1.45 million. Compared to December 2022, it increased by 9.5%.