Decentralized exchange (DEX) PancakeSwap will release version 4 (v4) later this year, adding four features to its automated market maker (AMM) to make on-chain trading cheaper and more efficient for users, developers told CoinDesk in a Telegram chat today.
“PancakeSwap v4 code will be released under an open-source license,” head developer Chef Mochi said. “It addresses the shortcomings of current AMMs, including inflexibility in pricing models for all assets, lack of CEX-level execution functions, impermanent loss for liquidity providers, and pricey on-chain gas fees for users.”
A CEX is a centralized exchange such as Coinbase (COIN) or Binance.
The four new features are:
V4 will initially be available on the Ethereum and BNB Chain networks in the third quarter. The DEX holds $2.4 billion worth of tokens locked in liquidity pools and other services and processed $1.7 billion in trading volumes in the past 24 hours, DefiLlama veri shows.