Altcoin Featured on Binance Unveils Significant Upgrade

Altcoin Featured on Binance Unveils Significant Upgrade

PancakeSwap Announces Release of Version 4 (v4)

PancakeSwap, a leading decentralized cryptocurrency exchange application, has revealed plans to launch Version 4 (v4) later this year. This new version aims to enhance on-chain trading efficiency and affordability for users.

Key Features of PancakeSwap v4

  • Hooks: Developers can deploy externally defined contracts to incorporate customizable plugins. These plugins allow for adjustments to trading fees and order types, such as limit or market orders. Developers have the flexibility to retain fees or distribute them among stakers.
  • Custom Pool Types: Users gain access to diverse liquidity pool types to ensure better pricing for listed assets, mitigating severe price fluctuations during periods of high demand or sales. This promotes fairer asset pricing during market stress.
  • Singleton: All repositories are consolidated into a single contract, drastically reducing deployment costs by 99%. This consolidation also lowers transaction fees for exchanges by eliminating the need for token transfers between separate contracts.
  • Flash Calculation: This feature facilitates bulk transactions, reducing transaction fee costs. During periods of market volatility, trading fees tend to rise, making transactions expensive. Flash calculation mitigates this issue, empowering users to trade more efficiently.

PancakeSwap v4 will initially roll out on the Ethereum and Binance Smart Chain (BNB Chain) networks during the third quarter of this year.

Leave a Reply

Your email address will not be published. Required fields are marked *