PancakeSwap Updates To-Do List to Clear up Protocol Focus

The list provides clarity on the protocol’s current focus in the Decentralized Finance space.

By
Utulu Hope
on
October 14, 2021
Category:
BSC News

PancakeSwap Provides Clarity Via To-do List

PancakeSwap has updated its To-Do list. The number one Decentralized Exchange (DEX) protocol on Binance Smart Chain (BSC) posted the update to clarify its current focus to users. 

The To-Do list documents ongoing/recurring items, upcoming ventures, and completed plans on PancakeSwap. The list also comes with a backlog that comprises other innovations left out to focus on other projects. PancakeSwap wrote on Twitter to explain why some items were moved to the backlog and shed more light on its current focus. 

“Time for a long-overdue To-Do List Update!” PancakeSwap tweeted on October 13th. “This time, we’re aiming to be much more clear about our current focus. If you’re wondering why something you’ve been looking forward to has been moved to the backlog, don’t panic! In previous To-Do Lists, we’ve had way too much in the upcoming section, so we want to be specific this time.”

Although the list is a collection of what to expect from the DEX, it is not a Roadmap. The items moved to the backlog stage on the list do not disappear. Instead, they are of lower priority than the ones in progress. Therefore, the list is a display of the protocol’s current focus. 

Source

A Perfect Breakdown 

PancakeSwap is currently accomplishing many items on the To-Do list, including the monthly CAKE emission reductions, regular Non-fungible Token (NFT) drops, farm auctions, etc. However, according to its tweet thread on October 13th, PancakeSwap focuses more on the NFT market. 

“We’re mostly focused on rolling out the NFT market for now: we know you guys are mad for NFTs. And what’s more, it should also contribute significantly to our CAKE burning mission,” tweeted PancakeSwap. 

The protocol’s core priority remains to lower $CAKE inflation, and CAKE burn enhanced by its focus in the NFT market is just the best mechanism to achieve this feat. Therefore, moving forward, PancakeSwap would proceed to the backlog after clearing the upcoming list. 

About PancakeSwap

PancakeSwap is a Decentralized Exchange (DEX) built on BSC. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others. 

In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BSC. 

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub

Tags:
Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer. He hodls mostly in Ethereum, BNB, and, Avax.

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