CryptoSlate13 minutes ago

Published on August 24, 2023 19:40 GMT+00:00edited on August 24, 2023 19:44 GMT+00:00

PancakeSwap v3, a popular multi-chain DeFi exchange, announced its launch on the Ethereum layer 2 network Linea on Aug. 24.

The exchange’s deployment on Linea introduces two new features. The first is improved capital efficiency, which will allow liquidity providers to focus their capital within specific price ranges where maximum trading occurs. This feature is intended to help participants increase their earnings. PancakeSwap claims that liquidity providers can achieve a capital multiplier up to 4000 times greater on v3 than v2.

The second feature that Linea will facilitate is enhanced trading features. PancakeSwap said the launch will provide multi-tier fee structures, allowing traders to access low trading fees. Fee tiers will range from 0.01% to 1%, and users will be able to choose …