Decentralized exchange PancakeSwap has integrated with Transak, a developer integration toolkit that allows users to buy/sell crypto.
PancakeSwap users will now be able to purchase cryptocurrency using various fiat payment options, including credit cards, bank transfers, Google Pay, and Apple Pay, according to a Sept. 21 release.
In the past, customers had to buy cryptocurrency on a different platform, transfer it to a wallet address, and then use PancakeSwap. This statement comes after the release of the platform’s eagerly awaited version 3 (V3), which adds several new features and enhanced capabilities.
The updated PancakeSwap V3 offers customers greater security, greater efficiency, and an improved user experience to meet the DeFi ecosystem’s expanding needs.
The addition of more aggressive trading charges and greater liquidity provisioning is one of PancakeSwap V3’s significant enhancements. Users can anticipate decreased fees and increased liquidity when trading on the platform, making it more economical and effective.
Additionally, PancakeSwap V3 added features like governance abilities, yield farming, staking, and a lottery mechanism. In order to increase their chances of winning prizes, users can now lock their CAKE and BNB tokens on the farms before making them public.
CAKE, the platform’s native token, is a governance and utility token that enables users to participate in platform decision-making. Additionally, PancakeSwap now reaches outside the Binance Smart Chain.
The DEX has integrated with Base, a Coinbase-incubated layer 2 scaling network for Ethereum. The swapping and liquidity provision features of PancakeSwap are originally made available on the Base network through this integration.
Users will eventually have the option of exchanging their original positions in liquidity provider (LP) tokens for PancakeSwap’s native CAKE tokens while still being able to stake their LP tokens.
