Oct 8, 2024

6thTrade


PancakeSwap just rolled out an exciting new feature called Zap that’s now live across all BNB Chain v3 pairs, along with more than 20 selected pairs on Ethereum and Arbitrum networks. This new addition simplifies the process of adding liquidity—you can now do it with just a single token! Zap automatically balances your contribution across the liquidity pool, ensuring minimal price impact and reducing slippage.

If you want the details straight from the team, check out the official announcement tweet from CAKE. $CAKE

Source: X

What’s PancakeSwap All About?

PancakeSwap is one of the most popular decentralized exchanges (DEX) built on the Binance Smart Chain (BSC). It operates using an automated market maker (AMM) model. In simple terms, this means that instead of trading directly with someone else, users trade against a liquidity pool. These pools are made up of funds deposited by other users, who earn a portion of trading fees in return.

When you deposit funds into a liquidity pool, you receive liquidity provider (LP) tokens that represent your share. Not only do these LP tokens give you a share of trading fees, but you can also stake them to earn additional rewards.

The heart of the PancakeSwap ecosystem is its native token, CAKE. Holding CAKE opens up a range of possibilities—you can stake it to earn more rewards, use it to participate in the platform's lotteries, or take part in governance by voting on proposals that help shape the future of PancakeSwap.

Zap is designed to make providing liquidity as easy as possible, without the need for balancing your token ratios manually. If you've been looking for a simpler way to get involved with liquidity pools, Zap is a game-changer!

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