PancakeSwap is improving swaps of 20 top tokens on Ethereum by integrating Market Makers on top of its AMM. Can you get “more for less” using the DEX?
DEX Partners With Trust Wallet to Offer $10K in Rewards
Hey there, Ethereum! The chefs at PancakeSwap have upgraded their recipes for trading, as the Decentralized Exchange (DEX) has integrated Market Makers on the blockchain to improve slippage rates and prices for 20 top tokens.
To celebrate the launch, PancakeSwap is partnering with Trust Wallet to hold a raffle and trading contest with a combined 10,000 $USDC prize pool.
According to a Medium post from Chef Oreo: “The Market Maker (MM) integration provides an additional source of liquidity to the existing Automated Market Maker (AMM) to help traders enjoy better liquidity, pricing and the best trading experience.”
- But what about BNB Chain? The PancakeSwap team hinted on Twitter that Market Makers also may soon come to the DEX’s home chain, too.
What is PancakeSwap:
PancakeSwap is a Decentralized Exchange built on BNB Chain and available multichain on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. 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 BNB Chain.
Where to find PancakeSwap:
What is Trust Wallet:
Trust Wallet is a noncustodial multi-crypto wallet app that gives users full control over their digital assets, from cryptocurrencies to non-fungible tokens (NFTs). As the official crypto wallet of Binance, it currently supports 65 blockchains, such as Bitcoin, Ethereum, Tron and Ripple. It also supports over 8 million crypto assets plus access to decentralized apps (dApps). The Trust Wallet app is free to download on Android, IOS, and also via PlayStore or AppStore. It has a simple, straightforward, and interactive user interface, which has helped the platform accrue over 10 million active users.
Where to find Trust Wallet:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.