• PancakeSwap V3 was launched on Ethereum and BNB Chain, leading to the price of CAKE surging $3.83.
• The upgraded platform offers users the cheapest fees for on-chain trades among its competitors and increased returns for liquidity providers.
• Features introduced by PancakeSwap V3 include four different trading fee tiers, a VIP trading reward program and a position manager feature.
PancakeSwap V3 Launched
PancakeSwap V3 was recently launched on Ethereum and BNB Chain, causing CAKE prices to surge up to $3.83 at press time. The upgraded platform offers users the cheapest fees for on-chain trades compared to other exchanges like Uniswap and SushiSwap, as well as increased returns for liquidity providers.
Trading Fee Tiers
The new version of PancakeSwap introduces four different trading fee tiers: 0.01%, 0.05%, 0.25%, and 1%. These are lower than the general 0.25% tier that PancakeSwap V2 offered before, allowing liquidity providers to concentrate their capital on smaller ranges in order to achieve higher returns.
VIP Trading Reward Program
The upgraded platform will also feature a VIP trading reward program which rewards traders with things like up to 5% trading fee rebates depending on their trading volume. This is a tiered system which helps incentivize more active traders who provide greater liquidity to the exchange’s pools.
Position Manager Feature
The position manager feature promises to simplify the process of depositing liquidity while optimizing positions based on rewards and fees over time without manual calculations from third-party integrations being necessary, thus giving users more control over their positions in order to optimize their returns accordingly.
Conclusion
PancakeSwap V3 has been successfully launched onto Ethereum and BNB Chain with many features that promise improved performance for all users involved in its ecosystem — from traders who can benefit from cheaper fees all the way up to liquidity providers who can gain higher returns due to improved optimization features available through the position manager tool included in this upgrade package
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