PancakeSwap launches âInfinityâ Upgrade, Boosting Trading Experience
PancakeSwap has introduced âPancakeSwap Infinity,â a notable upgrade to itâs decentralized exchange (DEX). This rebranding comes as teh CAKE token price sees a 3.15% rise.
The new version, initially on BNB Chain, aims to enhance user experience. It will later expand to other blockchains. The update brings various improvements to streamline trading and liquidity provision.
Key enhancements include:
- Support for multiple liquidity pool types, giving providers more flexibility.
- Customizable fee structures for liquidity providers.
- Significant reduction in gas fees, making transactions cheaper.
Users can now select between CLAMM and LBAMM models. These models let providers pick their liquidity strategies. CLAMM (Concentrated Liquidity AMM) and LBAMM (Liquidity Book AMM) offer diverse options. Providers can now set static or dynamic fees, adapting to market needs.
These changes aim to make PancakeSwap more user-friendly and efficient. The CAKE token, currently at $2.12, reflects this positive shift with a 3.15% increase over 24 hours. Its price is above key moving averages, indicating a slight bullish trend.
For more details, visit PancakeSwapâs blog and check the latest CAKE price on TradingView.
