PancakeSwap Launches on Ethereum Layer-2 Solution

By Noah Rypton Aug 31, 202353Views

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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.

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Noah Rypton

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