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