PancakeSwap Launches on Ethereum Layer-2 Solution

By Noah Rypton Aug 31, 202350Views

, , ,

PancakeSwap Launching on Ethereum Layer 2 Network

PancakeSwap is making its way to Base, an Ethereum layer 2 scaling network incubated by Coinbase. The integration will initially offer swapping and liquidity provision functions, followed by the farming feature. Users will be able to stake LP tokens in exchange for PancakeSwap’s native CAKE tokens while retaining their positions in the original LP tokens. Base is now the eighth platform for PancakeSwap, showcasing its multi-chain strategy. Base, developed by OP Stack and Optimism, aims to address issues like high gas fees and slow transaction speeds. It also offers reduced fees and faster transactions. Since its public launch, Base has seen rapid growth, making PancakeSwap the second-largest DEX after Uniswap. It currently has over $300 million in total value locked.

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.

Tags:

Noah Rypton

Noah Rypton stands as an enigmatic fusion of crypto analyst, relentless researcher, and editorial virtuoso, illuminating the uncharted corridors of cryptocurrency. His odyssey through the crypto realms reveals intricate tapestries of digital assets, resonating harmoniously with seekers of all stripes. Noah's ability to unfurl the labyrinthine nuances of crypto intricacies is elegantly interwoven with his editorial finesse, transmuting complexity into an engaging symphony of comprehension. An unwavering beacon for both seasoned adventurers and neophytes in the crypto cosmos, Noah's insights forge a compass for informed decision-making amidst the tides of ever-evolving cryptocurrencies. With an artist's eye for precision, he crafts a distinctive narrative, enriching the vibrant tableau of the crypto landscape.