PancakeSwap released a new version of its code, which it plans to launch on BNB and Ethereum in Q3.
Decentralized exchange PancakeSwap released its version four codebase and white paper on March 15, according to an announcement from its team. The new version will allow for custom liquidity pools and flash accounting, intended to lower gas costs for users and prevent impermanent loss for liquidity providers (LPs). The team will also create a development fund to help pay for further development of the PancakeSwap protocol, the announcement stated.
PancakeSwap is the third-largest decentralized crypto exchange, measured by the total value of cryptocurrency locked within its contracts. It currently holds over $2.3 billion of assets spread across nine different networks, according to blockchain analytics platform DefiLlama.
According to the announcement, the new version will launch on the Ethereum and BNB networks in the third quarter of 2024.
