PancakeSwap, a well-known decentralized exchange, has recently introduced its exclusive version. The new version intends to improve the experience for the users, developers, as well as traders by offering a package comprising diverse DeFi products. After the platform’s start back in 2020, it has been strengthening its position in the market by achieving several landmarks.
V4 of PancakeSwap Launches to Boost Developer and User Experience
At present, PaancakeSwap’s total volume stands at 711 billion while 1.8 million active consumers are using it. With a significant total value locked (TVL) of up to 2.24 billion, it has expanded its presence to 9 chains. The v3 version of PancakeSwap offered several improvements like enhanced capital competence for traders. It also facilitated liquidity providers with boosted yield generation.
Despite these improvements, the v3 was deficient in offering adaptability for benefiting from the liquidity of PancakeSwap. In addition to this, it did not provide matchless integration for DeFi protocols and developers. Hence, they were unable to develop modified features concerning liquidity pools or unveil unique pricing curves for specific assets.
The new version focuses on the respective things and the platform has expressed its enthusiasm about the potential outcomes. As per PancakeSwap, while it has an open-sourced codebase, it invites developers to delve into it and contribute. The whitepaper includes the technical details along with thorough documentation if required.
The Company Will Release New Version on BNB Chain and Ethereum in 3rd Quarter
The company disclosed that its official launch on BNB Chain and Ethereum will take place in the 3rd quarter. Therefore, it asserted that the developers can start developing and interacting with the platform right away. It added that PancakeSwap’s vision for v4 goes beyond only a DEX upgrade. It reportedly targets promoting the most comprehensive functionality and flexibility for developers.
