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The rise of PancakeSwap to a prominent position in just two years is remarkable, and the various updates throughout this year are exciting to watch.
PancakeSwap Underwent Major Developments This Year
PancakeSwap is a decentralized exchange that facilitates seamless token trading and offers appealing liquidity pooling and staking opportunities.
Unlike its peers that rely on Ethereum's infrastructure, PancakeSwap thrives on the Binance Smart Chain (BSC). This approach bears tangible benefits, particularly in the realm of transaction costs. Ethereum's soaring gas fees have often been a bone of contention among traders, nudging them to seek more cost-effective alternatives.
With the rapid evolution of decentralized financial instruments, PancakeSwap is one of the fastest-growing decentralized finance (DeFi) projects.
Today, we will uncover the major updates in the PancakeSwap ecosystem this year until now.
Without further ado, let's begin.
v3 Launch on BNB Chain And ETH in April:
PancakeSwap launched its V3 iteration on BNB Chain and Ethereum, with improved capital efficiency and a redesigned fee structure on April 3. According to the exchange's developers, the upgraded platform will offer the lowest fees for on-chain trades among counterparts such as SushiSwap and Uniswap, as well as increased returns for liquidity providers.
First GameFi: Pancake Protectors
PancakeSwap and Mobox have come together to present a GameFi project — Pancake Protectors. The game combines the gameplay of MOLand Defense with the utility of CAKE tokens.
This integration of $CAKE allows players to earn rewards during their gameplay. Further, the game incorporates two unique NFTs: Pancake Bunnies and Squads, which can improve heroes' abilities.
CAKE v2.5 Tokenomics
PancakeSwap passed the CAKE Tokenomics v2.5 Decision Proposal on April 29, increasing the scarcity of their native token. The proposal's primary focus was on low staking inflation, where real yield comes from protocol revenue.
As part of the v2.5 tokenomics proposal, token incentives will also be reduced by over 68%, leading to a deflationary economy for CAKE. Moreover, it will reduce CAKE emissions from PancakeSwap's primary liquidity pool, the Syrup Pool, by up to 94%.
Revenue Sharing Pool
PancakeSwap’s massive Revenue Sharing Pool went live on July 30 for all CAKE holders.
As a result of the new mechanism, liquidity providers will be able to share 5% of the revenues generated from all v3 trading pairs with 0.01% and 0.05% fees. Additionally, users will be able to receive and claim their shares of PancakeSwap v3 trading fees in addition to the "regular" CAKE staking rewards.
Users will receive rewards proportional to their CAKE stake and the duration of their staking period. The participants of the program will receive rewards every week.
Multhchain Expansion: Polygon zkEVM, zksync Era
PancakeSwap v3 officially launched on the Polygon zkEVM Mainnet Beta on July 29, providing Swap and Liquidity Provision functionality to its community. This deployment reportedly offers lowered trading fees, increased liquidity provider fees, and improved capital efficiency.
In addition, the DEX expanded to the zkSync Era blockchain on Aug.3. The recent update includes several features, including Swap, Liquidity Provision, Farms, and Initial Farm Offerings (IFOs).
The native token of PancakeSwap ($CAKE) is trading at $1.49, with almost no change over the last 24 hours.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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Related News


Lucidao Unveils Bold Rebrand: Pioneering the Tokenization of Real-World Assets

The rebranding underscores Lucidao's commitment to bridging real-world assets and blockchain technology.
Decentralized Finance (DeFi) platform Lucidao has recently unveiled its new look alongside a redefined mission. With the launch of a revamped website, Lucidao is taking a significant step towards the tokenization of Real-World Assets (RWAs), strategically positioning itself as a leading force in the intersection of blockchain technology and Real-World Assets.
The core of Lucidao's transformation lies in a strategic shift – a commitment to making the tokenization of RWAs its primary mission. This goes beyond a mere rebrand; it signifies a pivotal moment for the platform, where every innovation and product creation revolves around the tokenization and digitization of real-world assets.

At the forefront of Lucidao's success is Altr, a decentralized application (dApp) that set the stage for bringing physical luxury collectibles onto the blockchain. This initiative, born out of Lucidao's governance process, showcases the vast possibilities within Lucidao's expansive vision for RWAs.
Lucidao's Approach to Empowering Stakeholders
Empowerment is a cornerstone of Lucidao's approach to asset tokenization and digitization. Lucidao token ($LCD) holders aren't just passive investors; they are active contributors shaping the platform's trajectory. This unique governance model transforms each $LCD holder into an engaged participant, with the ability to propose, debate, and enact initiatives, fostering an agile and adaptive environment.
The $LCD token plays a central role in Lucidao's ecosystem, serving as a versatile utility token integral to governance, transaction fees, and participation in Quickswap's liquidity pool farming. Recognizing the importance of community involvement, Lucidao is set to introduce a Fiat onramp on its new website, making it easier for individuals to directly acquire $LCD tokens.
Beyond Luxury Collectibles: Lucidao's Expansive Vision
Lucidao's vision extends far beyond luxury collectibles. While Altr showcased the platform's capabilities, Lucidao aims to be an ecosystem that embraces a wide array of real-world assets on the blockchain. The advantages are manifold, ranging from increased liquidity and fractional ownership to the transparency and immutability inherent in blockchain technology. The new website acts as a comprehensive guide to these transformative initiatives, illustrating Lucidao's commitment to unparalleled innovation and inclusivity.
Lucidao's bold rebrand marks a transformative chapter in the platform’s journey as it establishes itself as a pioneer in the tokenization of Real-World Assets (RWAs). The unveiling of a revamped website symbolizes a strategic commitment, not just to aesthetics, but to a profound shift where every facet of innovation orbits around the digitization of tangible assets. Through empowerment and community involvement, Lucidao propels itself as a catalyst for innovation and inclusivity, setting the stage for an innovative approach to asset management in both digital and physical realms.
About Lucidao
Lucidao is a DAO with a primary focus on the tokenization and digitization of Real-World Assets (RWAs). Originating as an independent entity, Lucidao has given life to projects like Altr through its decentralized governance model. Using the $LCD utility token for all ecosystem interactions, Lucidao is paving the way for a transformative approach to managing assets in both the digital and physical realms, providing not just access but empowerment to community members.
For more information, visit Lucidao's official linktree.
Disclaimer: This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article as part of a "Done For You" package, priced at $2999. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $1500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
This is a paid press release, BSC.News does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. The project team has purchased this advertisement article for $2500. Readers should do their own research before taking any actions related to the company. BSC.News is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.
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