PancakeSwap Plans ‘Affiliates’ for Expansion; Cake Holders to Benefit
CAKE token holders will benefit from the success of affiliate forks as they will receive native DEX tokens from affiliates, if things go as planned.
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CAKE token holders will benefit from the success of affiliate forks as they will receive native DEX tokens from affiliates, if things go as planned.
Base booth at ETHDenver (Danny Nelson/CoinDesk)
One of the most-anticipated airdrops faced social media ire over its novel token distribution plan.
The decentralized exchange settled over $500 million in trades on Sunday, briefly becoming the biggest DEX platform.
The decentralized exchange, which last year moved over to the Cosmos blockchain, just saw $757 million of volume over a 24-hour period.
Decentralized Exchange had over $80 million in total value locked before the incident.
The DEX previously said traders lost a significant amount of ADA due to a “misunderstanding” about how the platform operates, but confirmed it would refund losses at the time.
The funding round was led by Pantera Capital, and included participations from Susquehanna International Group and HashKey Capital.
The entity behind popular DeFi exchange Uniswap will levy a small fee – the first in its history.
PancakeSwap v3 introduces advanced Swap and Liquidity Provision functionalities, enabling users to trade tokens seamlessly and maximize capital efficiency.