PancakeSwap will have the third version of the protocol

Decentralized crypto exchange PancakeSwap has announced that its third version will become available to BNB Smart Chain users next month.

“The new features we are bringing will offer our users an even better experience and help bring DeFi to more people than ever before,” PancakeSwap said in a statement.

The launch of PancakeSwap V3 is slated for the first week of April and will be accompanied by a number of service upgrades such as more competitive trading fees and improved liquidity provision.

“In addition, everything you need will be easily accessible in one place with the most convenient interface,” the announcement notes.

In addition, the platform will launch a rewards campaign that coincides with the launch of the upgraded version of the exchange. PancakeSwap will launch a native exchange token (CAKE) giveaway for those who deposit a certain amount of funds into the platform’s liquidity pools.

Users who provide liquidity through the campaign will also receive NFTs, which serve as a token of loyalty to PancakeSwap. However, the token is non-transferable and the campaign can be changed or canceled at any time.

According to CoinGecko, PancakeSwap V2 is currently the fourth most popular decentralized exchange with $82.5 million in trading volume in the last 24 hours.

In January, the application of another major decentralized exchange, Uniswap, on the BNB network passed an early review and received approval. According to the voting results, 80% of the 6,495 wallets that participated in the preliminary surveys supported the move, throwing 20 million UNI tokens in support of the proposal. If approved, BNB Chain will become the sixth network supporting the popular decentralized exchange. The third version of Uniswap decentralized exchange already exists on Ethereum, Polygon, Arbitrum, Optimism and Celo.

Source: CryptoNewsHerald.com

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