- In regions where the exchange is not formally offered, affiliates will allow developers from several other blockchains and layer-2 networks to offer a version of PancakeSwap.
- Because they will get native DEX tokens from affiliates, holders of CAKE tokens will profit from the success of affiliate forks.
The company is developing an affiliate model that would enable developers to fork its code and launch a version of the platform on several blockchains. The affiliate initiative aims to leverage PancakeSwap’s user-friendly interface and multichain capabilities to facilitate broader access and opportunity within the DeFi ecosystem. The expanding number of blockchains and interest in DeFi from customers has paved the way for this strategic next expansion step.
By making the PancakeSwap DEX open-sourced, developers and protocols can take advantage of its technological foundation to easily build their own DEX, accelerating innovation without starting from scratch.
In situations where the exchange is not formally offered, affiliates will allow developers from a number of other blockchains and layer-2 networks to offer a version of PancakeSwap. In exchange, PancakeSwap will provide incentives and technical support.
The success of affiliate forks will help CAKE holders since they will earn native DEX tokens from affiliates. Additionally, a percentage of trading fee money will go towards burning CAKE, which is the word for deleting it permanently and lowering supply.
In order to get community opinions and suggestions on the concept, PancakeSwap will float a discussion on its DAO and a formal proposal in the upcoming weeks.
PancakeSwap is accessible as of Friday on the following platforms: opBNB, Base, zkSync Era, Polygon zkEVM, Linea, BNB Chain, Ethereum, and Aptos. Since its debut, it has generated trade volumes of $642 billion throughout its lifetime and has locked in over $1.4 billion in total liquidity.
PancakeSwap is a decentralized exchange (DEX) based on the Binance Smart Chain (BSC). Though it is made especially for the Binance Smart Chain ecosystem, it functions similarly to other decentralized exchanges like Uniswap. Users can swap different cryptocurrencies on PancakeSwap, stake tokens to get rewards and provide liquidity to earn fees.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
