_Disclaimer and Risk Warning: This content is for general information and educational purposes only, without representation or warranty. It should not be construed as financial, legal, or other professional advice, nor intended to recommend purchasing any specific product or service. You should seek advice from appropriate professional advisors._

**Maximal Extractable Value (MEV)** is the profit that miners, validators, or bots can capture by reordering, inserting, or excluding transactions within a block. This manipulation leads to increased costs and less favorable pricing for unsuspecting users. Two common MEV tactics are **front-running** and **sandwich attacks**:



* **Front-running**: Bots scan the public mempool for large trades, placing their own transaction ahead of the original to capitalize on price shifts, ultimately leaving the initial trade with a worse execution.
* **Sandwich attacks**: Bots place a transaction both before and after a targeted trade, artificially driving up the price before the user’s transaction and profiting from the inflated rate.

These tactics siphon value from unsuspecting users, making front-running protection important for Automated Market Makers (AMMs) like PancakeSwap. To address these threats, PancakeSwap has implemented several layers of measures to ensure a safer trading experience.



## 1. **PancakeSwap’s MEV Guard: Securing Trades on BNB Chain**

PancakeSwap’s **MEV Guard**, powered by 48 Club, introduces a powerful, easy-to-use solution for safeguarding your trades against MEV attacks on the BNB Chain. This feature enhances trade security, privacy, and efficiency, allowing users to trade with confidence.


## **Why MEV Guard Matters:**

MEV attacks, such as frontrunning and sandwiching, exploit the public mempool by inserting or manipulating transactions. This often leads to failed transactions, higher slippage, or suboptimal trade outcomes. PancakeSwap MEV Guard addresses these issues directly by keeping transactions private and secure while optimizing trade rates.


## **Key Features of PancakeSwap MEV Guard:**



1. **Secure Swaps**: Protects trades on BNB Chain by preventing malicious actors from interfering with transactions.
2. **Fast and Reliable RPC**: Built on a high-performance infrastructure to ensure seamless and efficient trade execution.
3. **Free and Simple Setup**: MEV Guard can be activated in a single click, making it user-friendly and accessible for everyone.
4. **Multi-Wallet Compatibility**: Works seamlessly with popular wallets, including MetaMask and Trust Wallet, through custom RPC support.

**Note: **The 48 Club team, who developed this product, provides this service. Users are encouraged to conduct thorough research, fully understand the risks involved, and exercise caution before utilizing any services.


##  **How to Enable MEV Guard:**



* **For MetaMask Users**: Simply connect your MetaMask wallet on the [PancakeSwap MEV Guard ](https://pancakeswap.finance/mev)landing page or [PancakeSwap Swap page](https://pancakeswap.finance/) and enable the feature in one click.
* **For Other Wallets (e.g., SafePal)**: Add PancakeSwap MEV Guard’s custom RPC endpoint manually via your wallet’s “Networks” menu, switch to this RPC, and start trading with full MEV protection.

By using PancakeSwap MEV Guard, users can trade confidently, knowing their transactions are shielded from manipulation. For detailed guides and more information, visit **[PancakeSwap’s MEV Guard page ](https://pancakeswap.finance/mev).


## **2. PancakeSwapX: Advanced Defense for the Next Level of Trading**

In addition to MEV Guard, PancakeSwapX introduces even more advanced layers of MEV protection, designed to further secure trades and streamline the user experience.


### **PancakeSwapX MEV Defense Features:**



1. **Off-Chain Order Signing**: Keeps transaction details private until execution, significantly reducing the exposure to frontrunning bots and ensuring more predictable trade outcomes.
2. **Gasless Swaps**: Eliminates gas bidding wars by covering gas fees through external liquidity providers. This prevents bots from exploiting fee-related delays and simplifies the user experience.
3. **Dynamic Liquidity Routing**: Randomizes liquidity sources, making it harder for bots to predict trades and execute sandwich attacks. This approach improves pricing accuracy and further secures transactions.

### **Benefits for Traders:**

* **Stable and Predictable Pricing**: By obscuring transaction details from bots, PancakeSwapX minimizes sudden price impacts and ensures fairer execution.
* **Cost Savings and Reduced Slippage**: Tighter slippage settings mean trades stay closer to the expected price, reducing the cost of unexpected outcomes.
* **Increased Transparency and Confidence**: PancakeSwapX’s layered defenses deter bot-driven manipulation, creating a more authentic and efficient DeFi market environment.

Read more about the details of PancakeSwapX upgrade:[ MEV Protection: Safeguarding Your Trades using PancakeSwapX](https://blog.pancakeswap.finance/articles/mev-protection-safeguarding-your-trades-using-pancakeswapx)


## **A Comprehensive MEV Defense System**

Together, **PancakeSwap MEV Guard** and **PancakeSwapX** form a solid MEV protection framework that empowers users to trade securely, confidently, and without interference. These measures address critical pain points in DeFi, including frontrunning and sandwich attacks, while fostering a healthier and more transparent ecosystem.

Happy trading! \
The Chefs


PancakeSwap MEV Guard and PancakeSwapX form a solid MEV protection framework that empowers users to trade securely, confidently, and without interference.

Front-Running Protection in AMMs: What is MEV and How PancakeSwap Tackles It

To celebrate the launch of our new PancakeSwap [**Swap Bot**](https://t.me/pancakefi_bot), we're giving away **$10,000 in rewards!** Trade with the Swap bot to be one of **200 lucky winners** sharing in the prize pool. Keep reading to learn how to enter!

**Campaign Duration:** 21 November 13:00 UTC - 5 December 23:59 UTC 2024

**Prize Pool:** $10,000 in BEP20 USDT

# How to Participate and Win

**1. Use the PancakeSwap Swap Bot on Telegram**

- Only swaps executed through the [**PancakeSwap Swap Bot**](https://t.me/pancakefi_bot) on Telegram are eligible. Swaps made on the PancakeSwap website will not count for this campaign.

**2. Trade a Minimum Cumulative Volume of $100**

- Complete at least **$100 USD** in total trading volume—this can be in a single transaction or across multiple swaps. Every trade counts!

**3. Eligibility Criteria for Trading Pairs**

- Pairs must be listed on the [**PancakeSwap Token List**](https://tokenlists.org/token-list?url=https://tokens.pancakeswap.finance/pancakeswap-extended.json) for the BNB Chain.
- Each pair must include at least **one major token: WBNB, BTCB, BUSD, USDT, or USDC.**
- Pairs can be traded across PancakeSwap v2, v3, and Stableswap on the BNB Chain.

# Prize Pool

- **Prizes:** 200 lucky winners will be randomly selected to each receive $50 in BEP20 USDT.
- **Rewards Distribution:** Rewards will be distributed within three weeks after the campaign concludes, in BEP20 USDT.
#### **Terms and Conditions:**

- Only swaps executed through the PancakeSwap Swap Bot on Telegram are eligible. Swaps made on the PancakeSwap website will not count for this campaign.
- To qualify for rewards, users must complete at least $100 USD in total trading volume—this can be achieved in a single transaction or across multiple swaps. Every trade counts!
- Users must meet the Eligibility Criteria for Trading Pairs as outlined in the campaign details.
- Rewards will be distributed in BEP20 USDT on the BNB Chain within three weeks after the campaign concludes.
- PancakeSwap reserves the right to modify or cancel the campaign mechanics or rules at any time, without prior notice.
- In case of any dispute, PancakeSwap's decision regarding the campaign will be final.

To celebrate the launch of our new PancakeSwap Swap Bot, we're giving away $10,000 in rewards

Win $10,000 with the PancakeSwap Swap Bot

We’re excited to launch the **[PancakeSwap Swap Bot](https://t.me/pancakefi_bot)** on Telegram, building on the success of our Prediction Bot! Starting today, you can trade over 3,000 tokens on the BNB Chain via PancakeSwap, including access to v2, v3, and Stableswap pools—all directly within Telegram. No more juggling between apps or websites—just seamless trading through your favorite messaging app. Get started today and experience easy trading within a familiar interface. Read on to learn more!

### **Why Trade with the PancakeSwap Swap Bot?**

**1\. Ultimate Convenience:** Trade directly from Telegram, so you never have to leave the app to access PancakeSwap.

**2\. Vast Token Selection:** Trade from over 3,000 tokens on the BNB Chain across PancakeSwap v2, v3, and Stableswap—anytime, anywhere.

**3\. Low Fees:** Enjoy a competitive trading fee of as low as 0.01% on trades.

**4\. Instant Notifications:** Receive real-time updates on your transactions right within the bot.

#### **How to Get Started:**

1\. Open Telegram and access the PancakeSwap Swap Bot  https://t.me/pancakefi_bot

2\. Connect your wallet. Check out **[this wallet connect guide](https://docs.pancakeswap.finance/products/prediction/prediction-mini-app)** for assistance. 

3\. Enter the token and amount to swap. That's it, it's that easy.


_**Please note that at the initial launch, the Prediction Telegram app won't be available in the Telegram app store. Instead, users can access the product through a direct web link and interact with the Telegram bot. This means you'll need to use the provided link or bot to get started with the prediction features.**_

Join the PancakeSwap Swap Telegram Bot to trade effortlessly. Ready to dive in? **[Start trading now!](https://t.me/pancakefi_bot)**

### **PancakeSwap Telegram Bot Directory**

- **[PancakeSwap Launches Swap Bot on Telegram: Trade Over 3,000 Tokens on BNB Chain](https://blog.pancakeswap.finance/articles/pancake-swap-launches-swap-bot-on-telegram-trade-over-3-000-tokens-on-bnb-chain)**
- **[How to Swap on the PancakeSwap Swap Bot](https://blog.pancakeswap.finance/articles/how-to-swap-on-the-pancakeswap-swap-bot)**
- **[Why Telegram Bots Are Trending: Discover PancakeSwap's Prediction and Swap Bot](https://blog.pancakeswap.finance/articles/why-telegram-bots-are-trending-discover-pancakeswap-prediction-and-swap-bot)**



We’re excited to launch the PancakeSwap Swap Bot on Telegram, building on the success of our Prediction Bot!

PancakeSwap Launches Swap Bot on Telegram: Trade Over 3,000 Tokens on BNB Chain

Since our inception in 2020, PancakeSwap has become a leading multichain decentralized exchange (DEX), spanning 9 chains, facilitating billions in trading volume, and empowering millions of users worldwide. Yet, the DeFi ecosystem still faces challenges, including high gas fees, the need for multiple native gas tokens, and fragmented liquidity across pools.

To address these issues and elevate your DeFi experience, we’re excited to introduce **[PancakeSwapX](https://pancakeswap.finance/swap?chain=eth)** —a product designed to locate users better execution prices while providing a more accessible and efficient trading experience across multiple chains.

#### **What is PancakeSwapX?**

PancakeSwapX enhances your trading by aggregating liquidity from multiple sources, including PancakeSwap’s AMM, other DEXs, and external liquidity providers, locating users with better execution prices. With PancakeSwapX, you’ll also enjoy gasless swaps, a wide selection of tokens, and protection against MEV attacks—all with zero trading fees during the initial launch period. Initially launching on Ethereum and Arbitrum, PancakeSwapX will soon expand to more chains and tokens.

### **Key Features of PancakeSwapX**

#### 1\. Seamless Integration with PancakeSwap UI

PancakeSwapX is fully integrated into the existing **[PancakeSwap interface](https://pancakeswap.finance/swap)**, allowing you to continue trading without additional setup. When it locates better execution prices, it will automatically be selected as the primary source of liquidity.

![Screenshot 2024-10-14 at 09.24.00.png](https://sgp1.digitaloceanspaces.com/strapi.space/7d5ff523172e1b0e02e90554e8d3647b.png)

#### **2\. Trade with Zero Fees at Launch**

At launch, PancakeSwapX will not charge trading fees for 150 tokens (including WETH, WBTC, USDT, USDC etc) on Ethereum and Arbitrum if your trade is routed through PancakeSwapX. If PancakeSwapX locates better execution prices, PancakeSwap will automatically route your trade there. However, if your trade isn’t routed to PancakeSwapX, standard PancakeSwap fees will apply. Be sure to verify the fee structure before confirming your trade.

**Please note** _that PancakeSwapX is not charging trading fees for specific pairs for a limited time at launch. After this period, PancakeSwapX trading fees may apply. Any future adjustments to fees will be communicated in advance._

#### **3\. Get a Better Execution Prices for Your Swaps**

PancakeSwapX aggregates liquidity from multiple sources to provide better execution prices:

- **Aggregated Liquidity:** PancakeSwapX aggregates liquidity from multiple sources, including PancakeSwap AMM pools, other DEXs, and external liquidity providers, for better execution prices.
- **Wide Range of Tokens:** PancakeSwapX supports over 150 tokens at launch (you can view the full list on UI under “manage tokens”). Even if a token isn’t available on PancakeSwap’s AMM pools, you can still trade it through PancakeSwapX.
- **MEV Protection:** PancakeSwapX protects you from front-running MEV bots, protecting the value of your trades.

#### **4\. Gasless Swaps – Trade with Zero Gas Fees**

Gas fees can be a significant barrier in DeFi, but PancakeSwapX eliminates this challenge with gasless swaps. Here’s how it works:

- **No Gas Fees on Failed Transactions:** With PancakeSwapX, you won’t pay gas fees on failed transactions.
- **No Need for Native Gas Tokens:** Trade seamlessly without needing the chain’s native token to cover gas fees.

With PancakeSwapX, users trade by signing and submitting off-chain orders, which external liquidity providers then fulfill by submitting on-chain transactions and covering the gas costs on their behalf. External liquidity providers build the gas costs into the swap price, allowing them to bundle multiple orders for more competitive pricing.

As a result, users don’t need to manage gas fees in native tokens or submit on-chain transactions. Additionally, failed or expired orders remain off-chain, ensuring no gas costs are incurred.

**Please note** _that users may still need to pay gas in some instances, such as when initially approving tokens and wrapping native network tokens._

#### **What does this mean for current Liquidity Providers?**

Liquidity providers on PancakeSwap AMM Pools will continue to earn trading fees and CAKE rewards. In contrast, external liquidity providers for PancakeSwapX will focus solely on trading to deliver better execution prices without receiving CAKE emissions. This ensures our liquidity providers retain unique benefits within the PancakeSwap ecosystem.

#### **Transitioning to PancakeSwapX: Retiring Market-Making Integration**

With the launch of PancakeSwapX, we will retire our **[market-making integration.](https://blog.pancakeswap.finance/articles/pancake-swap-launches-market-maker-integration-on-bnb-smart-chain)** This decision allows us to focus on enhancing the PancakeSwapX experience and ensuring users benefit from improved liquidity aggregation and pricing.

#### **Open Source and Transparency**

PancakeSwapX is built on the open-source code base from UniswapX. Our codebase is also permissionless and open source. You can explore the PancakeSwapX code [**[here](https://github.com/pancakeswap/pancake-x-contracts)**].

#### **Future Expansion and Gasless Cross-Chain Swaps**

Starting with Ethereum and Arbitrum, PancakeSwapX will soon support additional chains and offer gasless cross-chain swaps, allowing you to trade seamlessly across multiple networks without worrying about gas fees.

Trade smart, swap freely—experience PancakeSwapX today!

**Disclaimer:** The term "better execution prices" in our marketing materials refers to the current offer of zero trading fees for specific pairs on PancakeSwapX for a limited time. This offer is subject to change and applies only to select trading pairs at launch. After the offer period, standard trading fees may apply. Market conditions and liquidity availability influence pricing and fees and may vary. Users are advised to verify the fee structure before completing any transactions. PancakeSwapX makes no guarantees regarding pricing, and all trading is conducted at the user's risk.



#### **PancakeSwapX Directory**

- [**Introducing PancakeSwapX: Zero-Fee & Gasless Swaps on Ethereum and Arbitrum**](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-x-zero-fee-and-gasless-swaps-on-ethereum-and-arbitrum)
- [**Why PancakeSwapX is the Upgrade DeFi Traders Have Been Waiting For**](https://blog.pancakeswap.finance/articles/why-pancakeswapx-is-the-upgrade-defi-traders-have-been-waiting-for) 
- [**Getting Started with PancakeSwapX: A Beginner’s Guide**](https://blog.pancakeswap.finance/articles/getting-started-with-pancakeswapx-a-beginner-s-guide)
- [**PancakeSwapX’s Liquidity Aggregation: Benefits and Implications**](https://blog.pancakeswap.finance/articles/pancakeswapx-s-liquidity-aggregation-benefits-and-implications)
- [**The Mechanics of Gasless Swaps: How It Works in PancakeSwapX**](https://blog.pancakeswap.finance/articles/the-mechanics-of-gasless-swaps-how-it-works-in-pancakeswapx)
- [**MEV Protection: Safeguarding Your Trades using PancakeSwapX**](https://blog.pancakeswap.finance/articles/mev-protection-safeguarding-your-trades-using-pancakeswapx)

Since our inception in 2020, PancakeSwap has become a leading multichain decentralized exchange (DEX), spanning 9 chains, facilitating billions in trading volume, and empowering millions of users worldwide

Introducing PancakeSwapX: Zero-Fee & Gasless Swaps on Ethereum and Arbitrum

# Q4 Roadmap AMA Recap

On October 10th, we held our Q4 Roadmap AMA in the PancakeSwap kitchen! If you missed it or want to review our discussion, keep reading!

This AMA featured a different format than usual. It began with an in-depth overview of Q3 before transitioning into our exciting plans for Q4. To wrap things up, Chef Kids summarized our recent emissions proposal.

If you want to relive the AMA, we recommend [watching the video](https://www.youtube.com/watch?v=ROkjw47-Aa8&ab_channel=PancakeSwap) for a closer experience.

### **Let’s dive into what was discussed in the AMA!**

#### **Section 1: Q3 Overview**

**Hackathons**

One of the Q3 highlights was our participation in **two hackathons**—one at ETHGlobal Brussels and another online with Brevis. These hackathons drew much attention, with **64 innovative builds submitted and over $60,000 in prize money awarded**.

**PancakeSwap 4th anniversary**
In addition to the hackathons, we celebrated **PancakeSwap's 4th anniversary** at Token2049 with a community meetup, marking this milestone with some incredible achievements. PancakeSwap has now processed an astounding $836 billion in trading volume and has over 43 million unique wallet addresses.

**Product Launches**
The quarter also saw some important product launches, such as integrating our **Prediction product with Telegram Bot** , making it even easier for users to access DeFi on the go. We also introduced **PancakeSwap Quest** in beta, designed to boost user engagement through fun and interactive challenges. And let’s not forget the **EigenPie IFO**, our first IFO on Arbitrum, which saw over $15 million committed—a huge success as we expand across chains.

We continued expanding with **Zap**, which allows users to add liquidity with just one token. It is now available on BNB Chain, Arbitrum, and Ethereum.

**Emissions**
Over the past 12 months, **we’ve consistently maintained negative net emissions**, achieving a steady annual deflation rate of 1-2%, a key metric in maintaining the project's long-term sustainability.

#### **Section 2: Q4 Roadmap**

**PancakeSwap v4: Launching Soon**

While the launch was initially expected in Q3, additional improvements and comprehensive audits have delayed it slightly. The v4 launch will bring advanced trading tools like limit orders and TWAMM (Time-Weighted Average Market Making) and cost-saving features like Singleton and Flash Accounting. The launch is near, and more features will be added incrementally to ensure a smooth experience.

**New Trading Venue: A Game-Changer for Traders**

Details were revealed about the new trading venue that some users are already testing. The full rollout is expected in the coming weeks, and this new venue is set to enhance the trading experience and drive more volume to PancakeSwap.

**Multichain Expansion: More Chains, More Opportunities**

We remain committed to expanding to new chains, offering even more opportunities for our users, and increasing PancakeSwap’s presence across DeFi. Details will be revealed soon.

**Telegram Bot Updates: Enhancing the User Experience**

The Swap feature is being expanded to attract more retail users and improve accessibility to DeFi tools. This update will bring a more seamless and user-friendly experience, further widening PancakeSwap’s reach.

#### **Section 3: Emissions Proposal**

Chef Kids provided a concise overview of the emissions proposal, emphasizing our focus on balancing liquidity incentives with PancakeSwap's long-term sustainability. With PancakeSwap v4, developers will have new tools to enhance the platform, and traders will benefit from advanced features like limit orders and zero-slippage trades. V4 introduces dynamic fees and significant gas savings for liquidity providers, making liquidity provision more efficient and profitable.

These changes are designed to strengthen the entire PancakeSwap ecosystem, boosting trading volumes and increasing CAKE burns for greater sustainability.

Please check out the dedicated article on [our forum](https://forum.pancakeswap.finance/t/information-on-ecosystem-growth-and-emissions-adjustment/808) for a more detailed explanation of the emissions proposal.

Stack’em! The Chefs 🥞

Missed the AMA? Check out the recap here!

Q4 Roadmap AMA

**Disclaimer and Risk Warning:** _This content is for informational and educational purposes only and does not constitute financial, legal, or professional advice. It is not a recommendation to purchase any specific product or service. Please consult with qualified advisors for personalized guidance. Participation in the IFO involves risks and may be restricted in some areas. Ensure you comply with local laws and regulations before participating._

PancakeSwap is excited to announce the **[first-ever Initial Farm Offering (IFO)](https://pancakeswap.finance/ifo?chain=arb)** on Arbitrum, featuring Eigenpie, a Liquid Restaking Protocol on EigenLayer. This IFO follows our successful launches of Swap, Yield Farming, Prediction Markets, and Perpetual Trading on Arbitrum, marking a key milestone in our multichain expansion.

#### Eigenpie IFO Details:

* **Chain:** Arbitrum One
* **Start Date:** 24th September 2024, 10:15 AM UTC
* **End Date:** 25th September 2024, 10:15 AM UTC
* **Total Raise Amount:** $60,000
* **Tokens Available:** 100,000 EGP (1% of the total EGP supply)
* **Price per Token:** $0.60 USD
* **Vesting:** Linear vesting over 18 months
* **Accepted Token:** CAKE

#### What is Eigenpie?

Built on EigenLayer, Eigenpie is a Liquid Restaking Protocol that enables users to restake their ETH or Liquid Staking Tokens (LSTs). The restaked asset is used to validate other services while allowing users to maintain liquidity via a Liquid Restaking Token (LRT). Learn more on Eigenpie's official **[website](https://www.eigenlayer.magpiexyz.io/restake)**.

#### What is EGP?

EGP is the native governance token of Eigenpie. When locked as vlEGP, it offers the following utility:


1\. Governance: Participate in the governance of Eigenpie

2\. Rewards: Receive rewards for active engagement on the platform

Detailed EGP tokenomics are available on our **[community forum](https://forum.pancakeswap.finance/t/eigenpie-ifo-discussion-thread/778)**.

#### How to Participate in the Eigenpie IFO?

You can participate in the Eigenpie IFO using one of the following methods

1\. **Basic IFO (50% of Allocation - $30,000)**

Anyone holding CAKE can join the Basic IFO. Here’s how: 
- If you don't have CAKE, you can swap for it on **[Arbitrum PancakeSwap](https://pancakeswap.finance/swap?chain=arb)** or **[bridge](https://bridge.pancakeswap.finance/)** it from other chains to Arbitrum.
- Commit your CAKE once the IFO begins to receive a proportional share of EGP tokens.
- If the IFO is oversubscribed, you'll get a proportional amount of EGP tokens after a 1.5% participation fee, with unspent CAKE refunded. This fee contributes to weekly CAKE burns.

**Example:** If you committed 1,000 CAKE in a Basic IFO and the total amount committed by all participants is 10,000 CAKE, you will receive 5,000 EGP tokens (10% of the Basic IFO), minus a 1.5% fee on the excess committed funds. Any unspent CAKE can be claimed after the IFO.

2\. **Public IFO for veCAKE Holders (50% of Allocation - $30,000)**

As a veCAKE holder, you benefit from a lower participation fee of 1% for the IFO, and this participation also helps burn CAKE.
- If you don't have veCAKE, you can **[Lock CAKE](https://pancakeswap.finance/cake-staking)** to receive veCAKE on PancakeSwap.
- Use your veCAKE to access the IFO with the reduced fee.

**Note:** _When you lock CAKE to receive veCAKE, that locked CAKE cannot be used to participate in the Initial Farm Offering (IFO). This means you need to hold extra CAKE in addition to what you’ve locked for veCAKE to commit to the IFO. Hence, make sure you keep enough CAKE available after locking some for veCAKE so you can participate in the IFO._

For this IFO, users who natively lock CAKE as veCAKE on PancakeSwap will have a 2x iCAKE:veCAKE Ratio. In other words, for every veCAKE you have, you’re able to commit up to two times that amount; if you have 1,000 veCAKE, you’ll be able to commit up to 2,000 CAKE in the IFO. veCAKE Managers that lock CAKE as veCAKE will have a 1x iCAKE:veCAKE Ratio.

The iCAKE Ratio is a multiplier applied on a user’s veCAKE value, to arrive at the iCAKE value. Please refer to our **[Documentation](https://docs.pancakeswap.finance/products/ifo-initial-farm-offering/icake#what-is-the-ratio-in-icake-calculation)** for more details.

 **Note:** As veCAKE only exists on BNB Chain, users will need to sync their credentials (e.g. veCAKE balance, PancakeSwap Profile) between BNB Chain and Arbitrum on the **[IFO page](https://pancakeswap.finance/ifo?chain=arb)**. Check out the detailed step-by-step guide on how to sync and participate in cross-chain IFOs **[here](https://docs.pancakeswap.finance/products/ifo-initial-farm-offering/how-to-participate-in-crosschain-ifos)**

The veCAKE balance snapshot used to decide users’ allocation will be taken at the end of the IFO, that is, **25 Sep 2024 1015am UTC**. It will still be possible to increase your allocation while the IFO is ongoing by locking more or extending your CAKE lock duration, though you will need to re-sync your new iCAKE balance.

**Example:** If you locked 100 CAKE for 4 years and have 100 veCAKE, for this IFO, you will have a 2x iCAKE ratio (2x iCAKE:veCAKE). This means with your 100 veCAKE; you'll be able to commit 200 CAKE to the IFO sale. If you commit 200 CAKE in a Public IFO and the total committed by all participants is 1,000 CAKE, you will receive 10,000 EGP tokens (20% of the Public IFO), minus a 1% fee on the excess committed funds. Any unspent CAKE can be claimed after the IFO.


#### Important Reminder

EGP tokens **will NOT be** available for trading before or during the IFO! Any EGP tokens circulating before the official IFO are fraudulent. Please verify the EGP contract address before making any trades. **Contract Address:** 0x7e7a7c916c19a45769f6bdaf91087f93c6c12f78

#### Restrictions

Participation may be limited in certain jurisdictions. Before participating, individuals are advised to ensure compliance with local laws and regulations.

#### Have more Questions?

For more details, visit our **[community forum](https://forum.pancakeswap.finance/t/eigenpie-ifo-discussion-thread/778)** or join the discussion on **[Telegram](https://t.me/PancakeSwap)**.





PancakeSwap is excited to announce our first-ever Initial Farm Offering (IFO) on Arbitrum, featuring Eigenpie, a Liquid Restaking Protocol on EigenLayer.

PancakeSwap Launches First IFO on Arbitrum Featuring Eigenpie

In celebration of PancakeSwap's fourth anniversary, we're excited to introduce our first-ever **[Prediction Telegram Bot - Beta](https://t.me/pancakefi_bot)** for BNB predictions on the BNB Chain. This new bot brings the excitement of our prediction market directly to your favorite messaging app, making it easier and more convenient to participate. To mark this special occasion, we're giving away $4,444 in rewards on September 22nd, our fourth birthday!

#### A New Way to Predict: Bringing Predictions to Your Fingertips

**[PancakeSwap prediction](https://pancakeswap.finance/prediction?token=BNB)** has always been a community favorite, allowing users to forecast BNB prices every 5 minutes. Now, with our **[Prediction Telegram Bot](https://t.me/pancakefi_bot)**, you can enjoy the same features as our web version, but with added convenience and accessibility. Whether you’re on the go or prefer Telegram, you have more ways than ever to engage with the market.

**Key Features:**
- **Supported Token:** BNB on BNB Chain
- **Round Duration:** 5 minutes
- **Fees:** 3% of each round’s total pot goes to the treasury, supporting buybacks, burns, and future development

#### How to Connect Your Wallet?

**1\. On Desktop**
You may only use a mobile wallet on your phone with Desktop Telegram mini app by scanning the QR code either via MetaMask or WalletConnect. You will need to confirm transactions and signings on your mobile.

**2\. On Mobile**
Use MetaMask or WalletConnect: You will be directed to MetaMask for transactions and signing. After signing, you will need to switch back to Telegram to continue.

_For a detailed guide on how to connect your wallet, please refer to this doc:_ **[https://docs.pancakeswap.finance/products/prediction/prediction-mini-app](https://docs.pancakeswap.finance/products/prediction/prediction-mini-app)**

#### How the Prediction Telegram Bot Works:
At the initial launch, the Prediction Telegram app won't be available in the Telegram app store. Instead, users can access the product through a direct web link and by interacting with the Telegram bot. This means you'll need to use the provided link or bot to get started with the prediction features. _(Please note that the bot is currently in its beta phase.)_

**1\. Stay Mobile:** Open the **[PancakeSwap Prediction Telegram Bot](https://t.me/pancakefi_bot)** on Telegram.

**2\. Predict:** Choose " Up" if you expect the price to rise or " Down" if you think it will fall. Enter your prediction amount and wait for the round to close. If your prediction is correct, you’ll earn a share of the prize pool, multiplied by the round’s multiplier. (The minimum amount you can predict is 0.001 BNB.)

![Screenshot 2024-09-11 at 13.09.12.png](https://sgp1.digitaloceanspaces.com/strapi.space/909ae136aea485b6b02ed2542138c119.png)

**Example:** If BNB is currently priced at $520 and you predict it will rise in the next 5 minutes, open the Telegram bot, click " Up," and enter your amount. If the price increases to $525, you'll win a share of the prize pool based on your prediction.

Just like our web version, the Telegram bot offers an intuitive and straightforward way to place predictions —no need to navigate multiple tabs or log in separately.

#### [ENDED] Celebrate with Us: Win Your Share of $4,444 on September 22nd
![2024-09-11 13.16.18.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/74bdecc1689aaff9ed4f2cb2698f5fb5.jpg)

Join our 4th Birthday campaign for a chance to win from our $4,444 reward pool! Here’s how you can participate:
- **Campaign Duration:** 22 September (00:00 UTC to 23:59 UTC)
- **Total Reward Pool:** $4,444 USDT on the BNB Chain
- **Eligibility:** Only predictions placed via the Prediction Telegram bot are eligible; web version predictions **do not count.**

# **Part 1: Lucky Reward ($3,333)**
- **Qualification:** Place predictions totaling at least $5 via the Prediction Telegram bot. Multiple predictions can be used to meet this requirement. (The minimum amount you can predict in each round is 0.001 BNB)
- **Prize:** 100 random users will each receive $33.33.

# **Part 2: Top Predictors Pool ($1,111)**
- **Qualification:** Place predictions totaling at least $500 via the Prediction Telegram bot. Multiple predictions can be used to meet this requirement.
- **Prize:** The top 3 users with the highest net winnings during the campaign will share $1,111.
- Rank 1: $555
- Rank 2: $333
- Rank 3: $223

**Track Your Progress for Part 2:** Monitor your "Net Winning" ranking on the leaderboard here: **[https://dune.com/pancakeswap/pancakeswap-prediction-tg-bot-campaign](https://dune.com/pancakeswap/pancakeswap-prediction-tg-bot-campaign)** 

**Terms & Conditions:**
- Only predictions made through the Telegram bot on September 22nd are eligible for rewards. Predictions via the PancakeSwap website **will not count** for this campaign.
- To qualify for rewards, users must meet the minimum volume requirements ($5 for Part 1 Lucky Rewards, $500 for Part 2 Top Predictors Pool).
- Rewards will be distributed in USDT on the BNB Chain within two weeks after the campaign concludes.
- We reserve the right to modify or cancel the campaign mechanics or rules at any time without prior notice.
- In any dispute, PancakeSwap will make the final decision regarding the campaign.

#### Start Predicting Today!
The **[PancakeSwap Prediction Telegram bot](https://t.me/pancakefi_bot)** is now live and ready for you to start predicting. Get in on the fun! Our Pancake4ever birthday celebration is in full swing. Dive into the festivities and discover all the thrilling details **[here](https://blog.pancakeswap.finance/articles/pancake4ever-celebrating-4-years-of-pancakeswap)**. Come celebrate with us! 

In celebration of PancakeSwap's fourth anniversary, we're excited to introduce our first-ever Prediction Telegram bot 

PancakeSwap Celebrates 4th Birthday with First-Ever Prediction Telegram Bot

Gm PancakeSwap Community!

We’re excited to launch **[PancakeSwap Quest](https://quest.pancakeswap.finance/quests)** - Beta, the ultimate platform for DeFi quests. Explore, engage, earn, and build your DeFi profile like never before. Whether you’re a seasoned pro or just starting out, PancakeSwap Quest offers an immersive, multi-chain experience that will elevate your DeFi journey.

## **Why PancakeSwap Quest?**

In today’s DeFi ecosystem, users often find themselves overwhelmed by the need to interact with multiple quest platforms and projects. Each one requires separate logins, interfaces, and tasks, making it unmanageable to stay engaged. PancakeSwap Quest is here to solve this problem by providing a unified platform where you can:

- **Streamline Your Experience:** PancakeSwap Quest will host PancakeSwap campaigns and partner quests directly on our platform. This means you can manage and complete your PancakeSwap campaigns from a single location, simplifying your DeFi journey and enhancing efficiency.
- **Enhance Engagement:** PancakeSwap Quest allows you to participate in various social media and on-chain tasks directly through our platform. Easily connect with PancakeSwap and other projects, complete tasks, and verify your participation—all in one place. Whether you're a seasoned DeFi user or new to the space, our interactive features make engaging with campaigns straightforward and efficient.
- **Simplify Development:** Our platform makes it easier to manage campaigns internally by eliminating the need to build and maintain separate APIs for each task. For projects looking to host campaigns with PancakeSwap, there’s no need to create additional APIs—everything is already built-in. This approach conserves resources, simplifies management, and enhances overall efficiency.

## **Key Features:**

1\. Personalized DeFi Profile: Customize your quest profile with a username and NFT avatar to represent your DeFi identity. **[Read the guide here about creating your quest profile.](https://docs.pancakeswap.finance/products/nft-market/nft-profile-system/profile-guide)**

As a new user, you'll need to create and use "The Bunny" NFT collection, which is free and essential for your DeFi profile on the Quest platform. "The Bunny" NFT collection is exclusively for the Quest platform. If you already have a **[PancakeSwap NFT profile](https://docs.pancakeswap.finance/products/nft-market/nft-profile-system/profile-guide)** from other NFT collections, you can simply connect your wallet to activate your Quest account.

![Screenshot 2024-08-05 at 14.23.22.png](https://sgp1.digitaloceanspaces.com/strapi.space/907f2e5ccca743fee51728e59b332092.png)

2\. Interactive Engagement: Participate in a wide range of tasks and challenges, from social media campaigns to on-chain activities.
![Screenshot 2024-08-06 at 16.46.53.png](https://sgp1.digitaloceanspaces.com/strapi.space/fd2874e5905b8b20b9df29795be63fe6.png)
3\. Multi-Chain Support: Explore quests across six chains—BNB Chain, Ethereum, Arbitrum, Base, zkSync, and Polygon zkEVM—with plans for further expansion.

## **Join the Beta: What to Do**

During our beta phase, participate in a variety of tasks and campaigns designed to test and refine our platform:

- Explore and Engage: Dive into tasks and campaigns designed to test and enhance PancakeSwap Quest.
- Share Your Feedback: Help us improve the platform by providing your insights through our **[feedback form](https://forms.fillout.com/t/qGGZR9mNKrus)** or joining our community on **[Telegram](http://t.me/PancakeSwap)** and **[Discord](https://discord.com/invite/pancakeswap)**.
- Beta Launch Campaign: **[Create Your DeFi Profile](https://quest.pancakeswap.finance/quests/a2eeefe4f49b4947a1a14bbff344bbb3).** Celebrate the launch of PancakeSwap Quest by creating your DeFi profile and joining our campaign **[here](https://quest.pancakeswap.finance/quests/a2eeefe4f49b4947a1a14bbff344bbb3)**

## **Explore, Engage, Earn: Build Your DeFi Profile on PancakeSwap Quest!**

As we venture into this beta phase together, look forward to exciting quests and tasks  designed to enhance your DeFi journey. Join us on this adventure – explore and engage with PancakeSwap Quest - Beta!

Happy Questing!


Gm PancakeSwap Community. We’re excited to launch PancakeSwap Quest - Beta, the ultimate platform for DeFi quests. Explore, engage, earn, and build your DeFi profile like never before.

Introducing PancakeSwap Quest - Beta: Your Ultimate DeFi Quest Platform

On July 18th, we held a new AMA in the PancakeSwap kitchen! If you missed it or want to review what we discussed, we recommend you keep reading this blog.

This AMA was different from what we are used to; we introduced a new Head Chef! Chef Kids presented herself to the entire PancakeSwap community and shared a bit about who she is and what she hopes to build from this new position at PancakeSwap. 

If you want to know more, we recommend you [watch the video](https://www.youtube.com/watch?v=BOZC89vd_ZM) for a closer experience.

Let's dive into what was discussed in the AMA!


## Main Topics

### Strategies to Increase Trading Volume - New Trading Venue

Bun highlighted that PancakeSwap is working on a new trading venue close to completion, which aims to convert more traffic into volume, growth, and holder benefits. Details remain confidential, but this innovation promises to enhance the swap experience significantly.

### Web3 Quest Platform - Reasons behind the creation

Gyoza explained that the Web3 Quest Platform aims to offer a native, fast, and interactive experience, integrate more products, and provide streamlined user feedback. It will support product marketing and user growth and create synergy with new and unique partnerships.

### PancakeSwap v4: When?! And other important topics

Chef Momo confirmed the v4 launch will be comprehensive and fully packaged, with additional features rolled out incrementally to ensure a seamless user experience.

Security is a top priority. v4 will undergo comprehensive audits by leading firms like Zellic, Ottersec, and Hexens, ensuring robust security measures.

### PancakeSwap Attractiveness - UX/UI, veCAKE and more!

Kids noted the importance of continuous product and user experience improvement, which is why the PancakeSwap main site underwent a huge UX/UI revamp.   

Bun added that veCAKE is expanding across EVM blockchains, encouraging users to take advantage of opportunities in various ecosystems.

Talking about veCAKE and user benefits, Bun mentioned ongoing plans for new pools linked to veCAKE staking. In response to questions about Syrup Pools with caps, he highlighted that botting issues hindered previous caps. Future pools may have higher caps or be exclusive to veCAKE holders.

### Expectations from IFOs

Bun and Kids emphasized the focus on high-quality teams and long-term value. New ideas are being drafted to make PancakeSwap the go-to launchpad, with further updates expected soon.

### Dual Trading Rewards Program - Why is it on the roadmap? 

Bun explained that the dual trading rewards program rewards loyal users with token incentives. The recent campaign allows users eligible for both CAKE lockers and frequent/large traders to claim rewards from both campaigns.

### CAKE Burns and Supply - Present and future

PancakeSwap effectively manages CAKE supply with a net negative monthly emission of approximately 1.9 million CAKE. 

Future plans include introducing more high-quality products and using revenue to buy back and burn CAKE tokens.

## Other Topics

### Roadmap Consolidation - Is it necessary to have roadmaps so often?

Bun emphasized the tradition of quarterly roadmaps for community engagement. Many items take longer than a quarter to complete, causing them to appear in multiple roadmaps. 

PancakeSwap constantly pivots and adjusts its projects due to the rapid pace of DeFi.

### MancakeSwap Launch - When?

The launch is imminent. The partner team is currently completing audits and planning to update the community in the coming weeks.

### Games Development and PancakeSwap Team resources

Gyoza stated that the games marketplace features prominent games to improve CAKE utility, with the tech effort done by gaming partners. 

Like Steam, PancakeSwap acts as a marketplace, focusing on curation for better performance.

**Stack’em!**
_The Chefs 🥞_


PancakeSwap Q3 Roadmap AMA Recap

_Good Afternoon, PancakeSwap Community and CAKE Holders!_

It's been an incredible journey since the inception of our PancakeSwap Ambassador Program,  where we [introduced the Pancake Masters](https://blog.pancakeswap.finance/articles/pancake-swap-launches-ambassadors-program)—devoted PancakeSwap enthusiasts who diligently moderate our communities and translate content into various languages. 

Since then, the program has seen substantial growth:

- Over 30 active ambassadors
- Presence on  key platforms: Telegram, Discord, and Reddit
- 15 Telegram communities catering to diverse languages 
- Translation of over 1900 articles on [our blog ](https://blog.pancakeswap.finance/)

As time progresses, we recognize the importance of empowering our community further! 

### **Introducing the PancakeSwap Content Creators—Pancake Lords: Your Guide to All Thing PancakeSwap**

![Untitled (3).png](https://sgp1.digitaloceanspaces.com/strapi.space/faa9d1d7409b952124be1e158841d1a7.png)

We're excited to introduce Pancake Lords, a dedicated team of enthusiasts passionate about educating, engaging, and empowering our community. 

Here's a glimpse of what they do:

- Content Creation and Education: Craft clear, concise guides on navigating PancakeSwap and produce educational content on DeFi and cryptocurrencies.
- Visual Communication: Create engaging infographics to simplify complex information related to PancakeSwap.
- Community Engagement: Maintain a consistent posting schedule to keep the community informed and engaged with regular updates.
- Promotion and Events: Host events like Ask Me Anything (AMAs) to foster community interaction and engagement.
- User Interaction and Storytelling: Actively engage with the community by sharing success stories and fostering user interaction.

### **Benefits of Being a Pancake Lord:**

- Official Recognition: Receive acknowledgment through our official social channels.
- Golden Kitchen Pass: Enjoy exclusive monthly calls with PancakeSwap's core team, providing early updates and opportunities to share insights. 
- Exclusive Access: Participate in special events and access new products and services early.
- Enhanced Networking: Connect with key players in the DeFi space and stay updated on industry trends. 

And More!

### **Want to Become a Pancake Lord? Here’s How!**

If you're passionate about becoming one of PancakeSwap’s elite content creators, we invite you to apply through our community application form: 

👉 Apply Here: https://pancakeswapforms.fillout.com/t/4v7usjPLP2us 

**Application Process**
- Phase One (July 1st - July 14th): Submit your application during this period.
- Phase Two (July 15th - July 21st): Onboard new ambassadors and provide guidelines.
- Phase Three (July 22nd onwards): Launch the new Pancake Lords into action.


Join Us in Building the Future of PancakeSwap!

Whether you’re creating content, engaging in community discussions, or exploring PancakeSwap’s features, there are many ways to contribute. 

Explore all the opportunities on our new [Community Notion Page ](https://pancakeswap.notion.site/PancakeSwap-Community-Page-3d149c6f6a1e483fa15cf56f0b991020?pvs=74)

We eagerly await welcoming new Pancake Lords to our community!

Stack ‘em! 

The Chefs🥞


