Jakarta, Pintu News – PancakeSwap , a leading platform in the DeFi ecosystem, recently launched the V3 version of its liquidity pool on the Solana blockchain.
This move marks a new chapter in PancakeSwap’s multi-chain expansion, offering ultra-low transaction costs and an efficient concentrated liquidity model.
This innovation is expected to attract more users who seek efficiency and speed in crypto transactions.
With swap fees starting from 0.01%, PancakeSwap V3 on Solana offers one of the lowest rates in the market. This is great news for day traders who can now enjoy significant savings on every trade.
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This low fee structure not only reduces the cost burden, but also minimizes slippage, making token transfers smoother and more efficient. In addition, the concentrated liquidity model introduced allows liquidity providers to allocate their funds more effectively.
By focusing on more specific price ranges, invested capital works harder and generates higher returns. This is a significant change from traditional liquidity models that often lack efficient use of capital.
PancakeSwap didn’t just stop at launching on Solana (SOL). As part of its expansion strategy, the platform has also engaged WLFI in a partnership aimed at increasing the adoption of the USD1 stablecoin on BNB Chain.
The multi-week bounty campaign launched in early June is one of the efforts to expand the use of this stablecoin. Partnerships and integrations like these demonstrate PancakeSwap’s commitment to strengthening its position across multiple blockchains.
By continuously adding support for various assets and networks, PancakeSwap ensures that its platform remains relevant and accessible to a wide range of users around the world.
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Active traders benefit from lower transaction fees, which is basically like getting a constant discount. This makes day trading more affordable and increases profit potential.
In addition, the reduction in slippage means that orders can be executed at a price closer to the desired one, reducing the risk of loss due to rapid price movements.
Liquidity providers also benefit from a concentrated liquidity model that allows them to target specific price ranges with their capital. This means that their capital is not spread thinly across price ranges, but instead, can be used more effectively in the most frequently traded areas.
The result is more efficient use of capital and higher earning potential.
Overall, with the launch of PancakeSwap V3 in Solana (SOL), the platform not only expands its geographical coverage but also offers a more efficient and economical solution for users.
This initiative will hopefully drive more adoption and innovation in the DeFi ecosystem, bringing benefits to both traders and liquidity providers.
PancakeSwap continues to show that it is a key player in the DeFi world by constantly innovating and expanding its reach.
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