PancakeSwap V4 Unveils $3 Million CAKE Airdrop
Decentralized exchange PancakeSwap has announced PancakeSwap V4 and a CAKE airdrop campaign to celebrate it.
According to the press release, PancakeSwap is conducting a $3 million CAKE airdrop to incentivize both current users and newcomers to explore the benefits of the upgraded platform.
Notably, the airdrop is available on a first-come, first-served basis.
The team noted that PancakeSwap V4 has brought “a plethora” of technical advancements and features. They aim to enhance efficiency, reduce costs, and streamline the trading experience.
The features include the implementation of a new contract architecture for pools. In previous versions, each pool was held in a separate contract. But PancakeSwap V4 consolidated all pools into a single contract.
Per the announcement,
“This innovative approach not only simplifies pool creation but also delivers substantial gas savings, with early estimates suggesting a remarkable 99% reduction in pool creation gas costs.”
Moreover, the team introduces a “flash accounting” system to complement this singleton architecture.
Traditional methods involve transferring assets in and out of pools after every swap. However, the flash accounting system operates on net balances, producing a more efficient and cost-effective process.
“By minimizing unnecessary token transfers, PancakeSwap V4 significantly reduces gas consumption, leading to tangible benefits for users,” the DEX said.
Furthermore, PancakeSwap V4 introduced enhanced fee tier flexibility, enabling pool creators to customize fee structures according to their specific needs.
Additionally, it reintroduced native ETH support to enhance gas savings further.
Finally, with the incoming Ethereum Cancun hard fork, PancakeSwap is considering the adoption
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