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PancakeSwap v3 Launches on Ethereum Layer 2 Linea: Higher Returns, Lower Fees

Phillip 0

PancakeSwap v3 Launch on Ethereum Layer 2 Linea

• PancakeSwap, a popular multi-chain DeFi exchange, announced the launch of its version 3 (v3) on the Ethereum layer 2 network Linea.
• The deployment of v3 introduces improved capital efficiency and enhanced trading features.
• Liquidity providers can achieve a capital multiplier up to 4000 times greater with the new version while traders can enjoy low trading fees ranging from 0.01% to 1%.

Improved Capital Efficiency

The arrival of PancakeSwap v3 on the Ethereum layer 2 network Linea offers improved capital efficiency for liquidity providers. With this feature, participants can focus their capital within specific price ranges where maximum trading occurs in order to increase their earnings. The new version claims that liquidity providers can achieve a capital multiplier up to 4000 times greater than what is available in version 2 (v2).

Enhanced Trading Features

Along with improved capital efficiency, PancakeSwap’s launch on Linea will provide users with enhanced trading features. Traders will have access to multi-tier fee structures ranging from 0.01% to 1%, allowing them to choose a fee structure according to their needs and preferences.

Other News

In other news related to cryptocurrencies, Nate Chastain was sentenced to three months for insider trading at OpenSea; Binance allegedly maintains ties with blacklisted Russian banks despite Western sanctions; Sam Bankman-Fried was allowed supervised one-time Internet access; and a federal judge ruled that art generated purely by AI cannot be copyrighted.

Conclusion

PancakeSwap’s v3 launch on Ethereum layer 2 Linea presents numerous benefits for both liquidity providers and traders alike through improved capital efficiency and enhanced trading features. Users can take advantage of higher returns for liquidity providers and lower fees for traders as they engage in transactions on the platform.

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