PancakeSwap Launches V3 on BNB Chain and Ethereum

PancakeSwap, a decentralized exchange with more than 1.5 million users, officially launched PancakeSwap V3 version on BNB Chain and Ethereum.

PancakeSwap Launches V3 on BNB Chain and Ethereum

PancakeSwap DEX has launched its 3rd version on BNB Chain and Ethereum, which comes with many new features and changes. The variety of 4 different fees including 0.01%, 0.05%, 0.25% and 1%, instead of only 0.25% like V2.

Accordingly, each token pair can have a liquidity pool with different fee tiers. It will be designed to bring the most profit to the liquidity provider.

In addition, the PancakeSwap V3 developers also introduced features that enhance the “capital efficiency”. Which allows Liquidity Providers to focus capital into smaller price ranges to provide an opportunity to get higher returns on the same deposit. This feature is similar to the price range of Uniswap V2 or KyberSwap Elastic.

Sharing with the media about this new update, the developers said that PancakeSwap V3 promises to provide the cheapest fees for transaction routes via SushiSwap and Uniswap.

In the future, according to PancakeSwap’s statement, the project will launch two other unique features, including:

  • VIP reward system: Provide incentives for top investors based on trading volume and the opportunity to get 5% discount on fees;
  • Position Manager: Allows traders to optimize their liquidity positions. This tool eliminates the need for manual calculations or third-party integration, allowing users to automatically adjust positions right within PancakeSwap.