Ethereum

PancakeSwap

DeFi

Decentralized exchange PancakeSwap has presented details of the long-awaited v4 codebase. 
According to a March 15 <a href="https://blog.pancakeswap.finance/articles/introducing-pancake-swap-v4-for-developers-traders-and-every-user?utm_source=v4announcement&amp;utm_medium=tweet&amp;utm_campaign=v4announcementtweet&amp;utm_id=v4announcement" target="_blank" rel="noopener">blog post</a>, the new version of DEX will allow for the creation of custom liquidity pools and flash accounting designed to reduce gas costs for users and prevent volatile losses for liquidity providers. 
Custom liquidity pools are another new feature of <a href="https://crypto.news/tag/PancakeSwap/" target="_blank" rel="noreferrer noopener">PancakeSwap</a> v4. The pools are expected to prevent sharp price fluctuations during large token sales or purchases. 
<blockquote class="wp-block-quote"> 
 “Our vision for PancakeSwap v4 extends beyond just a DEX upgrade. We aim to foster the most comprehensive flexibility and functionality within the AMM space, built together by the Kitchen and DeFi developers in the crypto community.” <cite>PancakeSwap team</cite>
</blockquote> 
In addition, developers plan to implement the Singleton solution, which combines all pools into one contract. The initiative will reduce deployment costs by 99%. The PancakeSwap team will also reduce gas consumption by offering collective settlement for transactions. 
According to preliminary data, PancakeSwap v4 will begin operating on the <a href="https://crypto.news/tag/Ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a> and <a href="https://crypto.news/tag/BNB-Chain/" target="_blank" rel="noreferrer noopener">BNB Chain</a> networks in the third quarter of 2024. 
 You might also like: <a href="https://crypto.news/pancakeswap-enters-the-gaming-arena-with-a-new-web3-integrated-marketplace/"> PancakeSwap enters the gaming arena with a new web3 integrated marketplace </a> 
Amid the v4 announcement, the <a href="https://crypto.news/price/PancakeSwap/" target="_blank" rel="noreferrer noopener">CAKE</a> token fell by more than 5% in 24 hours and tested $4.29. Its capitalization also fell by 5%, to $1.1 billion, and trading volumes fell by as much as 10%, to $287 million. 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="619" src="https://crypto.news/app/uploads/2024/03/Screenshot-2024-03-15-at-17.53.21-1024x619.png" alt="PancakeSwap reveals v4 details, CAKE reacts with 5% drop - 16" class="wp-image-14258616">
</figure> 
Earlier in December 2023, the PancakeSwap community <a href="https://crypto.news/cake-surges-by-18-amid-pancakeswaps-new-proposal/" target="_blank" rel="noreferrer noopener">supported</a> a proposal to reduce the issuance of CAKE from 750 million to 450 million. The coin has achieved a deflationary model over the past few months, and reducing the issue will strengthen its position. In January, updated data on the maximum circulating volume of CAKE was officially reflected on major digital asset tracking platforms. 
 You might also like: <a href="https://crypto.news/pancakeswap-community-backs-300m-cake-token-supply-cut/"> Pancakeswap community backs 300m CAKE token supply cut </a>

PancakeSwap reveals v4 details, CAKE reacts with 5% drop

crypto.news

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