# Meet Your AI Copilot for PancakeSwap Perps

Trading perps comes with homework: read the chart across timeframes, pick a direction, size the position, set leverage, calculate a sensible TP and SL. The hard part was less the decision and more everything before it. Al Copilot turns a vague intent like “I want a quick scalp” into a fully formed order in seconds.

Your Al Copilot is a new way to trade on PancakeSwap Perps. Choose, tap once, and the AI reads the market, finds a setup, and pre-fills the whole position - direction, leverage, size, take-profit, and stop-loss. It comes back as a clean, editable proposal. You review it, tweak it, and confirm. Al Copilot does the analysis and the math. You make the call.

Al Copilot is for new traders who find the blank order ticket intimidating, busy traders
with no time for multi-timeframe analysis, and active scalpers who want to move faster without skipping the structure work.

![111.png](https://sgp1.digitaloceanspaces.com/strapi.space/7791e01c23cfc91021b629729b18e028.png)

## Important to note:

- Nothing executes automatically. Every trade is a proposal that only goes live when you confirm.
- Everything is editable - direction, size, leverage, TP, SL.
- The risk is visible first. Entry, TP, and SL are plotted against price, with your estimated liquidation price up front. Tap the tooltip to see the market context behind any setup.

## As a user, you make two choices:

1. Margin: Select the initial margin to trade.

![2p.png](https://sgp1.digitaloceanspaces.com/strapi.space/21f8e5a2964d5a0fb20098fbcbd2d7ff.png)

2. Style: The Style tells AI Copilot which timeframe to analyse and how long the trade should live for. Three options, mapped to how different traders think.
**Important. At launch, we will only support ‘Swing’.

![3p.png](https://sgp1.digitaloceanspaces.com/strapi.space/0b8a6cee9ef5b50c24fbb1e9bb33d951.png)

| Style | Timeframe | What it means |
| --- | --- | --- |
| Scalping | 3–15 min | Quick in-and-out for small, frequent moves. |
| Day | Intraday | Short-term trends on intraday volatility. |
| Swing (only Swing will be live at launch) | Days to weeks | Holds positions for days, riding short- to medium-term trends. |

## Strategy Generation:

The Strategy sets what to optimize for. At launch there’s Max Gain - high reward-to-risk setups. Fewer trades, bigger moves. More are coming soon.

Every generated trade comes back as a clean summary with the entry, take-profit and stop-loss plotted against price - so the risk is visible before a single click to confirm.

## Example: a Swing trade / Max Gain long on BTC

| Field | Value |
| --- | --- |
| Action | Long |
| Order type | Market |
| Size | 265 USDT |
| Leverage | 53× ⋅ Cross |
| Mark price (entry) | $69,781.9 |
| Take profit | $70,015.9 |
| Stop loss | $69,549.7 |

![4pp.png](https://sgp1.digitaloceanspaces.com/strapi.space/53b86fe29cb98e4a628a16868dcdfcc8.png)

*Quick tip: If you click on tooltip - you can view the context of the trade as shown below!*

![5p.png](https://sgp1.digitaloceanspaces.com/strapi.space/f436bcf4842e1306b5d1a64ed39718b6.png)

## Get started with AI Copilot

1. Connect your wallet to PancakeSwap Perps.
2. Deposit collateral.
3. Generate - open the Al Copilot tab, pick margin and style, tap Ask Al: Long / Short. Al Copilot builds the position.
4. Review the entry, TP, SL, and liquidation price.
5. Confirm - tap Confirm Long. Position goes live.

![6p.png](https://sgp1.digitaloceanspaces.com/strapi.space/35ac291a94a79a5ee39df759f93c3add.png)

## How does AI Copilot Work?

AI Copilot isn’t guessing. It reads live price and volatility, funding, and open interest, then runs multi-timeframe analysis tuned to your style.

Pick your margin, pick your style, tap once, and review a complete setup with the risk laid out in front of you. Al Copilot is live on PancakeSwap Perps now.

Connect, deposit, and let AI Copilot find your first setup.

Try PancakeSwap Perps now.
https://pancakeswap.finance/perps/BTCUSDT?mode=pro

## Disclaimer

Al Copilot generates trade proposals for informational purposes only and does not constitute financial or investment advice. Nothing executes automatically; all trades require your manual confirmation, and you are solely responsible for any positions you open. Perpetual futures are high-risk, leveraged products - you can lose more than your initial margin, and high leverage increases liquidation risk. Al generated setups draw on historical and current data; past performance is not indicative of future results, and no setup is guaranteed to be profitable. Never risk more than you can afford to lose. Availability may be subject to regional restrictions.

Thanks for reading! Follow us on [X](https://x.com/PancakeSwap), and join the conversation on Telegram and Discord.

Stack’em,
The Chefs

Your Al Copilot is a new way to trade on PancakeSwap Perps. Choose, tap once, and the AI reads the market, finds a setup, and pre-fills the whole position.

Meet Your AI Copilot for PancakeSwap Perps

# **Try Perps. Win? It’s yours. Lose? We’ve got you covered.**

We've made perps simple. And if your first trade goes south, it's on us.

Ever been curious about perpetual trading but haven’t ever tried it out? We get it - nobody likes losing out, especially on their very first trade. That's why we're making it so you’ve got **nothing to lose: if your first perps order on PancakeSwap ends in a loss, we'll reimburse it.** No tricks, no complicated sign-ups. Just a safety net for your first step into perps.

Starting today, every perps trader on PancakeSwap gets their first realized loss reimbursed - up to 10 CAKE. No application, no waitlist. You trade, and if it doesn't go your way, we pick up the tab.

## **Campaign Dates**

**Campaign Round 1: Tuesday May 19th at 14:00 UTC through Tuesday, May 26th at 14:00 UTC.**

**Campaign Round 2: Tuesday June 2nd at 11:00am UTC through Tuesday, June 9th at 11:00am UTC.**

## **How “Your First Loss On Us” Works**

Here's the deal: open your first perpetual trade on **PancakeSwap Perpetuals [New]**, https://pancakeswap.finance/perps, and we’ll reimburse your first order loss in CAKE if you meet the requirements. Simple as that.

## **Here's what qualifies:**

1. **Your order must have a minimum notional value of $100.**
Notional value is simply your collateral multiplied by your leverage - think of it as the total size of your position. On PancakeSwap UI: Notional Value = “My Bet” x “Leverage”. E.g. if your "My Bet" placed is $10, and you use 10x leverage, then your notional is $100 and you meet the requirement. Your maximum loss will be $10 (your entire collateral) as well in this case. 

2. **The maximum reimbursement is 10 CAKE, the minimum required loss is 0.1 CAKE.**
If your loss is less than 10 CAKE, you get your full loss back in CAKE. If your loss is larger - say $250, you get the max of 10 CAKE. The minimum loss required for coverage is 0.1 CAKE. 

3. **Only on your first order with loss.**
This covers your first realized loss only. If your first order wins and your second order  loses, the second order is what gets reimbursed - it's tied to your first loss, not your first trade.

4. **Your order must be filled after the campaign starts and before the campaign ends.** 
The window is Tuesday May 19th 14:00 UTC through next Tuesday May 26th at 14:00 UTC. Anything outside that range doesn't qualify.

## **Examples**

**Example 1:** $5 USD collateral at 100x leverage = $500 notional. If lose 50% = $2.5 USD, reimbursement = $2.5 USD in CAKE. If lose 100% = $5 USD, reimbursement = $5 USD in CAKE

**Example 2:** $500 USD collateral at 1x leverage = $500 notional. If lose 50% = $250 USD, reimbursement = 10 CAKE.

## **TL;DR of campaign mechanics:**

- Minimum notional value: $100 USD (your collateral × leverage, e.g. $10 USD at 10x leverage)
- Maximum reimbursement: 10 CAKE
- Minimum loss : 0.1 CAKE
- Eligibility: One-time per wallet (first loss only)
- Distribution: First come, first served, with a reimbursement pool of 5,000 CAKE per week. Eligible reimbursements will be distributed to your wallet by the week of May 28th. 
- Campaign window: May 19, Tuesday 14:00 UTC → May 26, Tuesday 14:00 UTC

Your trade **must be** filled and closed within the campaign window to qualify.

---

## **Quick FAQs**

**Q: What if my first trade is profitable?**

A: Congratulations! You keep the profit. The reimbursement applies to your first realized loss, not necessarily your first trade. So if trade #1 wins and trade #2 loses, your second trade's loss gets covered — as long as it's your first loss.

**Q: What if I open on PancakeSwap but close somewhere else?**

A: Both the open and the close must happen on PancakeSwap. Trades closed on other platforms won't qualify.

**Q: Do I need to do anything to claim the reimbursement?**

Eligible reimbursements will be distributed to your wallet by the week of May 28th, and not automatically distributed through the perps page.  

*Note: This campaign reimburses your first loss to help you learn the ropes. Your trading decisions and their outcomes are your own responsibility. This content is for educational purposes only and is not financial, investment, or trading advice. DYOR.*

---

## **Ready to Try Perps?**

Your first loss is covered. Simple Mode is live. There's never been a better time to see what PancakeSwap Perps is all about.

Trade now.

👉 [https://pancakeswap.finance/perps/BTCUSDT?mode=simple](https://pancakeswap.finance/perps/BTCUSDT?mode=simple)

Try PancakeSwap Perps — your first loss is on us. Limited time campaign. 

Try Perps. Win? It’s yours. Lose? We’ve got you covered.

New engine. Order book model. Beginner friendly. 

---

Today, PancakeSwap Perps gets its biggest upgrade ever. We've replaced the old LP model with a full **order book**, bringing better capital efficiency, real price discovery, and tighter execution to every trade.

We're also introducing Simple Mode, a first-of-its-kind feature that lets anyone trade perps with a single tap. No setup, no complexity, just pick a direction and go.

Whether you're a seasoned degen or someone who's never touched a perp in your life, the new PancakeSwap Perps is built for you. Here's what changed and why you need to try it.


## **The Big Shift: From LP Model to Full Order Book**

If you've traded perps on PancakeSwap before, you'll remember the previous version ran on a liquidity pool (LP) model. It worked, but it had its limits.

The new PancakeSwap Perps runs on a **full order book model:** 

**More capital efficient.** With an order book, liquidity sits exactly where it's needed, at specific price levels. **The result is tighter spreads and better execution on every trade.**

**No more oracle dependency.** Price discovery now happens directly through the order book. The old model relied on external oracle feeds for pricing. With the move to a full order book, price discovery now happens directly through real bids and asks in the market, enabling tighter spreads and more efficient execution.


## **Simple Mode: Try it, it’s a piece of cake**

Never traded perps before? Intimidated by leverage, margin modes, and order types?

That's why we built **Simple Mode** — and there's nothing else like it on other Perps platforms.

Simple Mode strips away all the complexity and gives you a clean, one-tap experience. No configuring margin modes. No setting up advanced order types. No learning curve. Just pick a direction and go.

Want to scale your position? Tap again. Want to flatten? Tap the opposite direction. It's as intuitive as a swap, and as easy as... well, a piece of cake.


## **Pro Mode: For the Power Traders**

Of course, if you want the full toolkit, **Pro Mode** has everything you'd expect and more:

- **Cross margin and isolated margin**: choose your risk profile per position or across your portfolio
- **Single asset and multi-asset modes**: trade with one collateral type or diversify across multiple
- **Advanced order types**: market, limit, stop, take-profit/stop-loss
- **Full order book view**: see the depth and place orders exactly where you want
- **Complete position management**: track, adjust, and close with full visibility

Switch between Simple and Pro anytime - your open positions won't be affected.


## **But Wait, There’s More**

**Up to 200x leverage** on BTC and major pairs - one of the highest available on any onchain perps platform.

**Deposit flexibility.** Fund your account with BNB, USDT, CAKE, BTC, ETH, USD1, asBNB, lisUSD, WBETH, slisBNB, LISTA, USDF, ASTER, and TWT.

**Unified wallet experience.** Your spot and perps activity live in one place. No bridging, no separate accounts. Just connect your wallet and trade directly on PancakeSwap.

**Easy Access.** Simply connect your wallet and you're ready to go. No account creation, no deposits to a custodial platform.

**Deep liquidity and CEX-grade execution:** Powered by Aster's order book infrastructure, bringing deep liquidity and institutional-grade execution to a fully onchain trading experience.


## **TL;DR**

The new perps run on a full order book - more capital-efficient, better price discovery, and better execution. Plus, Simple Mode means literally anyone can trade perps with a single tap.

Powered by Aster's order book infrastructure, bringing deep liquidity and institutional-grade execution to a fully onchain trading experience.

The PancakeSwap you know. A completely new perps engine. Try it, it's a piece of cake.

**Trade Perpetuals Now →** https://pancakeswap.finance/perps/


Stack'em,

The Chefs 🥞

New engine. Order book model. Beginner friendly.

PancakeSwap Perps, Revamped. And It's a Piece of Cake.

If you've traded perps on PancakeSwap before, the new upgrade is set to redefine your experience. The new PancakeSwap Perps is a completely different engine under the hood - rebuilt from the ground up with an **order book model** replacing the old LP-based system.

Here's what that means for you, and why it matters.

## **The Big Shift: From LP Model to Order Book**

The Legacy Perps product ran on a **liquidity pool (LP) model**. Traders went against a pool of liquidity, and pricing relied on oracle feeds to keep things in check. It worked - but it came with tradeoffs: capital inefficiency, oracle dependency, and the limitations that come with pooled liquidity.

The new PancakeSwap Perps runs on a **full order book model**.

**Why order book wins:**

- **Capital efficiency** - Liquidity is deployed precisely where it's needed at specific price levels, not spread thin across an entire pool. This means tighter spreads and better execution for you.
- **No oracle dependency** - Price discovery happens natively through the order book's bid/ask mechanism, not through external oracle feeds.

Think of it this way: the LP model was like trading against a vending machine. The order book model is like an actual trading floor - real orders, real depth, real price discovery.

## **Simple Mode: Perps, Piece of Cake**

Never traded perps before? We built **Simple Mode** specifically for you.

Simple Mode strips away the complexity and gives you a clean, one-tap experience. Pick a token, go **long** or **short**, choose from preset position sizes - and you're in. No configuring margin modes, no setting up advanced order types, no learning curve required.

It's one of the only features like this in DeFi, and it's designed to make perps as approachable as a swap. Try it - it's literally a piece of cake.

## **📊 Legacy vs. New: Side-by-Side**

| **Feature** | **Legacy Perps** | **New Perps** |
| --- | --- | --- |
| **Model** | LP-based (oracle-dependent) | Full order book |
| **Capital efficiency** | Lower (liquidity spread across pool) | Higher (liquidity at specific price levels) |
| **Simple Mode** | Not available | One-tap long/short with preset sizes |
| **Leverage** | Up to 1001x | Up to **200x** |
| **Margin modes** | Cross margin only | Cross margin + isolated margin |
| **Asset modes** | Single asset | Single asset + multi-asset |
| **Order types** | Market, TP/SL | Market, limit, stop, TP/SL |
| **Deposit assets** | Multiple assets | BNB, USDT, CAKE, BTC, ETH, USD1, asBNB, lisUSD, WBETH, slisBNB, LISTA, USDF, ASTER, TWT |
| **Wallet experience** | Directly on PancakeSwap but a more siloed experience | Directly on PancakeSwap - no bridging, no separate accounts, unified wallet view across spot and perps |

## **Pro Mode: Everything You'd Expect (and More)**

For experienced traders, **Pro Mode** gives you the full toolkit:

- **Cross margin and isolated margin** - Choose your risk profile per position or across your portfolio
- **Single asset and multi-asset modes** - Trade with one collateral type or diversify across multiple
- **Advanced order types** - Limit orders, stop orders, take-profit/stop-loss
- **Full order book view** - See the depth, place your orders exactly where you want them
- **Complete position management** - Track, adjust, and close positions with full visibility

---

*Note: The previous version of PancakeSwap Perps is still available as a legacy product, if you'd like to continue using it. But if you haven't tried Perps [New] yet, we'd recommend giving it a go - the order book model, Simple Mode, and upgraded trading tools make it a smoother experience all around.*

---

## **TL;DR**

The old perps ran on an LP model. The new perps run on a **proper order book** - more capital-efficient, no oracle dependency, and better execution. Plus, **Simple Mode** means anyone can try perps with a single tap.

Same PancakeSwap. Completely different perps engine. Upgrade your trading.

**Trade Perps Now →**

https://pancakeswap.finance/perps/BTCUSD1?mode=pro

---

Stack'em,

The Chefs 🥞

PancakeSwap Perps has been reinvented from the ground up - from an LP model to a full order book. Here's what changed and why it matters for your trades.

PancakeSwap Perps Just Got a Major Upgrade.

PancakeSwap Perps is fully onchain, built on Aster’s orderbook infrastructure. No account creation, no KYC - connect your wallet and you’re in. Here’s how to get started.

## **Getting Started**

**1. Head to the PancakeSwap Perps page**

Navigate via **Trade → Perps** from the main PancakeSwap site - https://pancakeswap.finance/perps/BTCUSDT?mode=pro

**2. Connect your wallet**

Click **Connect Wallet** in the top right corner. No account creation or KYC required - your wallet is your account.

![1.png](https://sgp1.digitaloceanspaces.com/strapi.space/086409e284742a326736895196079113.png)

**3. Pick your mode**

PancakeSwap Perps has two trading modes: **Simple** and **Pro**. You can switch between them at any time without affecting your open positions.

![2.png](https://sgp1.digitaloceanspaces.com/strapi.space/bba51a98f73a72cbb4ee76458034eb7d.png)



## **🟢 Simple Mode - for new traders**

Simple Mode is designed for traders who are new to perps trading. Set your size, pick your leverage, and tap UP or DOWN - that’s it.

### **Choose a trading pair**

Tap the pair name at the top of the page to open the asset selector. A wide variety of token pairs are available.

![3.png](https://sgp1.digitaloceanspaces.com/strapi.space/04a1d4a4123ca4e0699733219fd7953f.png)

### **Set your position size (“My Bet”)**

Enter how much you want to put in, or tap the preset buttons - **25%**, **50%**, or **MAX** - to size your position as a portion of your available perp fund balance.

![4.png](https://sgp1.digitaloceanspaces.com/strapi.space/a0e333bb394fd376196661f8892524a9.png)

### **Set your leverage**

Use the slider or tap a preset - **50x**, **100x**, **150x**, or **200x** - to set your leverage. Your current multiplier is shown in large text above the slider.

When leverage is high enough to carry meaningful liquidation risk, an **Amplified Risk** indicator appears as a reminder.

![missing.png](https://sgp1.digitaloceanspaces.com/strapi.space/33a70c8e9de4193c1d40ca9c84ee70c9.png)

### **Tap to open your position**

Tap **UP** to go long, or **DOWN** to go short. Your position opens immediately at the best available market price.

![5.png](https://sgp1.digitaloceanspaces.com/strapi.space/b8419c4d1eb45e90b3e9f6441da4d033.png)

### **Tapping multiple times**

Simple Mode lets you build or reduce your position with repeated taps - no need to manually adjust size each time.

- Tap **UP twice** - your position doubles. Each tap adds one unit to your existing long.
- Tap **UP then DOWN** - the positions cancel out, returning you to flat.

Think of each tap as adding or subtracting one unit in a direction. It’s a fun way to scale in or out of a trade.

### **Check your order status**

Your order will appear under **Positions** while it waits to be filled.

![6.png](https://sgp1.digitaloceanspaces.com/strapi.space/95ced15fcadd162e66c7846ceb5c39a3.png)

Want to set limit orders, TP/SL, or manage positions in more detail? 

Switch to **Pro Mode** at any time - your open positions are not affected.



## **🧑‍🍳 Pro Mode - Full Control**

Pro Mode gives you full control over your trades - order types, leverage, TP/SL, and position management all in one place.

### **Choose a trading pair**

Same as Simple Mode - tap the pair name at the top to open the asset selector.

![8.png](https://sgp1.digitaloceanspaces.com/strapi.space/7fc34b051969e7ab455c6778329a1a7d.png)

### **Analyze the chart**

The built-in TradingView chart lets you analyze price action before placing your trade. All standard charting tools are available.

![9.png](https://sgp1.digitaloceanspaces.com/strapi.space/212dd1d89ad9c5fb189415dff7b57ddc.png)

### **Set your position parameters**

In the order panel, configure the following:

- **Long or Short** - select the direction of your trade
- **Leverage** - use the slider or type manually to set your leverage (up to 200x on BTC)
- **Order type** - Market (fills immediately) or Limit (fills at your chosen price)
- **Position size** - enter the size of your trade in your preferred reference currency
- **Take Profit and Stop Loss** (optional) - set TP so your position closes automatically when your target gain is reached, and SL so your position closes to limit losses at a set threshold

Once all parameters are set, click **Buy / Long** or **Sell / Short** to submit your order.

### **Check your order status**

Your order will appear under **Positions** while it waits to be filled.

![10.png](https://sgp1.digitaloceanspaces.com/strapi.space/35fa637be18ce72d9a2f8ae771b6e4fb.png)


## **❓ Quick FAQ**

**Do I need to create an account or complete KYC?** No. PancakeSwap Perps is fully onchain. Connect your wallet and you’re ready to trade - no account creation, no KYC, no deposits to a custodial platform.


**What’s the difference between Simple and Pro Mode?** Simple Mode is built for traders who are new to perps - one tap to go long or short with preset sizes. Pro Mode gives you full control with advanced order types, TP/SL, and position management tools. You can switch between modes at any time.

---

*Note: The previous version of PancakeSwap Perps is still available as a legacy product, if you’d like to continue using it. But if you haven’t tried Perps [New] yet, we’d recommend giving it a go - the order book model, Simple Mode, and upgraded trading tools make it a smoother experience all around.*

---

Ready to try it?

Head to https://pancakeswap.finance/perps/BTCUSD1?mode=pro and explore now.

Stack’em,
The Chefs 🥞

A step-by-step guide to trading perpetuals on PancakeSwap Perps - from connecting your wallet to placing your first trade in Simple Mode or Pro Mode.

How to Trade Perps on PancakeSwap

## **April CAKE Burn Recap**

April closed with 32 straight months of net CAKE supply reduction and continued deflationary momentum.

More than -49,087,510 CAKE CAKE has now been permanently burned, reinforcing a healthier, more sustainable token economy powered by real usage across PancakeSwap’s products. This consistency highlights the protocol’s maturity and our long-term approach to emissions and value creation.

Track every burn in real time on the Burn Dashboard **[here.](https://pancakeswap.finance/burn-dashboard)**

## **🥞 Product Updates**

**PancakeSwap’s DEX mini-app launched on the Base App:** the full DeFi menu is now natively available inside the Base app - swap, earn, and explore PancakeSwap without leaving the experience. This is a big step in meeting Base users where they already are, plugging PancakeSwap directly into one of the fastest-growing onchain social experiences. Check it out **[here.](https://base.app/app/https:/pancakeswap.finance)**

**xStocks on BNB Chain, 60+ tokenized stocks and ETFs go LIVE on PancakeSwap:** xStocks are now tradable on BNB Chain through PancakeSwapX, bringing real-world assets fully onchain: 24/5 markets, gasless trading, best-execution routing, and MEV-protected. Welcome to the onchain era of finance - equities, ETFs, and crypto, all from your favorite DEX.

## **🌐 Ecosystem**

**OpenGradient is the first Virtuals titan launch on PancakeSwap Base:** OpenGradient launched $OPG via Virtuals, with the OPG–VIRTUAL pool now live on PancakeSwap Base. A milestone moment for AI-native tokens finding deep liquidity on PancakeSwap.

**CAKE is now live on Mercuryo:** Users can on- and off-ramp $CAKE directly through the Mercuryo widget or selected partner apps, using cards, Apple Pay, Google Pay, bank transfers, and more. Explore it **[here.](exchange.mercuryo.io)**

**apxUSD-USDC & apyUSD-apxUSD are live on PancakeSwap Base:** the first dividend-backed stablecoin powered by Digital Asset Treasury (DAT) preferred equity, like $STRC


## **🌍 Community**

**🇰🇷 PancakeSwap’s South Korea Ambassador** AJ, **[x.com/_solkong](https://x.com/_solkong)**, joins our global ambassadors team! 

**🇭🇰 Our Base CN community event** on April 22 brought together over 300+ builders and traders for an in-person celebration of the Base ecosystem. Check out the recap **[here.](https://x.com/PancakeSwap/status/2046897632262672832)**

**📢 We're looking for ambassadors to join the DeFi mission with us in Japan, Indonesia, Malaysia, Thailand & the Philippines.** If you're passionate about DeFi and want to represent your community, join the mission: Apply **[here.](https://forms.gle/5wXUaHb9xGKUinFz5)** 


## **🌐 Events**
**🧑‍💻 AI Agent Hackathon:** PancakeSwap joined Korea's first Base AI Agent Hackathon on April 25. The hackathon focused on building AI Agents using the Base ecosystem technology along with PancakeSwap AI Skills. Chef Philip served as a judge virtually, and our SK Ambassador AJ repped us on ground. Check out the highlights **[here.](https://x.com/PancakeSwap/status/2049042998957318458)**

**HK Web3Festival:** PancakeSwap took the global stage at one of April’s defining onchain gatherings. Our Head Chef, Chef Kids took the stage with an all-star panel, discussing how AI and RWAs are reshaping DeFi and how DEXs are becoming the new financial rails. We brought the goods to the BNB Super Meetup, where users from across the ecosystem came together to trade alpha and celebrate what's next for DeFi. 


## **🏆 Milestones**

**365 Days of PancakeSwap Infinity:** Infinity launched with a mission to unlock infinite possibilities for traders, LPs, and builders, and raise the ceiling on what DeFi can be. Year one in action: 
$113B+ in volume,
250M+ transactions,
60K+ hooked pools, 
5M+ total users. Check out the full year-one recap **[here.](https://blog.pancakeswap.finance/articles/infinity-one-year)**

**$4T In Total Trading Volumes:** In the last week of April, PancakeSwap crossed a milestone that reflects how far the ecosystem has come, across users, volume, and chains:
$4 trillion in total trading volume, 180M+ users across the ecosystem, 10 chains and counting, led by BNB Chain, Base, and Arbitrum. The job's not done, the DeFi mission continues. 

Thanks for reading! Follow us on **[X](https://x.com/pancakeswap)** for the latest updates, and join the conversation on **[Telegram](https://t.me/PancakeSwapAnn)** and **[Discord](https://discord.gg/pancakeswap)**! 

Stack'em,


The Chefs 🥞

Kitchen Report: April 2026

Exactly one year ago, PancakeSwap Infinity launched and unlocked new possibilities for your DeFi journey.

With tools to customize your strategy, reduce costs, and optimize your returns — whether you're a trader, liquidity provider, or developer — Infinity offers the flexibility and scalability to help you achieve your goal.

Here's a look at what Infinity has delivered in year one.

## A Year of Infinity in Numbers

When PancakeSwap Infinity launched in April 2025, it introduced a modular architecture built from the ground up: Hooks - customizable smart contracts that act as add-ons, Singleton contracts for gas efficiency, Flash Accounting for reduced transfer costs, and two purpose-built pool types — CLAMM (Concentrated Liquidity AMM) and LBAMM (Liquidity Book AMM).

Twelve months in, Infinity alone has processed over $113 billion in trading volume across more than 250 million transactions, serving over 5 million unique users. CLAMM pools account for 97.8% of that volume, with LBAMM handling the rest.

![qerg.png](https://sgp1.digitaloceanspaces.com/strapi.space/eca9cca3eb6803f6537bc2c42844fcc1.png)

Source: PancakeSwap Infinity Dashboard on [Dune Analytics](https://dune.com/pancakeswap/pancakeswap-infinity-dashboard)

## Key Benefits of Infinity

Infinity uses a modular design that allows for more customization and supports different types of trading pools and pricing models.

For LPs, PancakeSwap Infinity supports two main pool types: CLAMM (Concentrated Liquidity AMM) and LBAMM (Liquidity Book AMM). Each pool type is designed to offer distinct advantages, catering to different liquidity strategies.

Developers can build new features more easily using "hooks"—small bits of code that run at key actions in a pool’s lifecycle. These allow for use-cases like custom oracles, dynamic fee pools, advanced trading & liquidity management features, and more.

With the launch of Infinity, a feature called Hooks started reshaping how the platform works for everyone.

- For traders, hooks can enable adaptive fees and discounts on swaps
- For liquidity providers, hooks offer new ways to optimize their strategy - returns, minimizing risks, or automating management. Liquidity Providers can filter and choose pools based on the hooks that best match their goals.
- For developers, they mean an open-source, composable framework to build custom DeFi logic on top of a protocol already serving 5M+ users.

## For LPs: More Than Just Hooks

Infinity's LP story goes beyond hooks. The upgrade introduced two pool types built for different LP strategies:

➤ CLAMM (Concentrated Liquidity AMM) — best for LPs who are comfortable with active liquidity management. Concentrate your capital within specific price ranges for higher capital efficiency and potentially higher yields.

➤ LBAMM (Liquidity Book AMM) — best for LPs who prefer a hands-off approach with lower-complexity strategies. Liquidity is organized into discrete price bins, making position management more straightforward.

On the hooks side, the Dynamic Fee Hook has been protecting LPs from impermanent loss since day one — charging proportionally higher fees during volatile conditions so your position bleeds less when markets move fast. Brevis is developing intelligent LP reward allocation hooks, and the modular architecture opens the door for third-party developers to build auto-rebalancing logic and MEV protection modules that attach to individual pools.

## For Developers: Build on Infinity

PancakeSwap Infinity is fully open source, and hooks are the extension point. Any developer can build and deploy a custom hook - whether it's a dynamic fee model, a novel order type, a custom oracle integration, or something entirely new. The hooks template is available on GitHub (foundry-based), and each pool supports one hook that can serve many pools. If you're building DeFi tooling, Infinity's hook architecture gives you a composable foundation with built-in liquidity and 5 million+ traders to ship to.

Learn more: [developer.pancakeswap.finance](http://developer.pancakeswap.financehttps://developer.pancakeswap.finance/)

## What's Next

With Infinity live across BNB Chain and Base, the surface area for hook innovation keeps growing. The bottom line after year one: Hooks have delivered adaptive fees, automatic discounts, fee-earning limit orders, and a platform that shipped new capabilities.

PancakeSwap Infinity is here to unlock new possibilities and bring greater flexibility to your DeFi journey. With powerful tools to customize your strategy, reduce costs, and optimize your returns, you can innovate, grow, and succeed in a rapidly evolving market.

Whether you’re a trader, liquidity provider, or developer, PancakeSwap Infinity offers the flexibility and scalability to help you achieve your goals.

Explore more in the [PancakeSwap Infinity Docs](https://docs.pancakeswap.finance/trade/pancakeswap-infinity). or LP into Infinity pools [here](https://pancakeswap.finance/liquidity/pools?chain=bsc&network=56&network=1&network=8453&network=204&network=324&network=59144&network=42161&network=143&network=8000001001).

*Disclaimer: This content is for general information and educational purposes only. It should not be construed as financial, legal, or other professional advice. Digital asset prices can be volatile. The value of your investment may go down or up.*

PancakeSwap Infinity turns one, surpassing $113B in volume and 250M transactions while expanding DeFi flexibility for traders, LPs, and developers.

How Infinity Continues to Power New Possibilites in DeFi

## What Are Hooks?

Hooks are smart contract extensions that attach to individual liquidity pools and execute custom logic at key moments - before a swap, after liquidity is added, or at other defined trigger points. Think of them as plugins for a pool. They can adjust fees dynamically, apply user-specific discounts, power onchain limit orders, or enable entirely new trading primitives - all without modifying core protocol contracts.

PancakeSwap Infinity supports a growing ecosystem of hooks. Any developer, protocol, or community member can build and deploy hooks. Here’s a look at the ones that have been working since day one - and a few that have launched since.

## What You’re Looking For

Every Infinity pool can have Hooks attached - programmable features that change how the pool behaves. Some adjust your swap fees in real time. Others give you automatic discounts for trading volume or holding CAKE. A few let you place fee-earning limit orders.

If you want to see exactly which hooks are active on a pool, here’s where to look.

## Step 1: Head to the Liquidity Page

From the PancakeSwap homepage, click Earn in the top nav bar. Then select Farm / Liquidity.

PancakeSwap homepage - click Earn in the top nav

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-02_830_1520_1136_249.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/82cd727c9d03686026ac953ff9bf8f48.jpg)

The Earn dropdown showing Farm / Liquidity and Syrup Pools

## Step 2: Filter for Infinity Pools

On the Liquidity page, you’ll see a row of filter tabs: All, Infinity, V3, V2, StableSwap. Click Infinity to show only Infinity pools. Use the chain dropdown on the left to filter by network.

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-03_897_1520_249_249.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/d0c51bf6875a772799488ba1fb45e981.jpg)

Farm / Liquidity page with Infinity tab selected, showing Ethereum & Base pools

## Step 3: Spot the Pool Features

Look at the Pool Feature column on the right side of the pool list. This is where hooks show up as tags:
- Fee Discount (Brevis) - this pool gives you reduced swap fees if you meet the VIP volume threshold or hold CAKE. Pools like BNB/CAKE and CAKE/USDT carry this tag.
- Dynamic Fees - this pool’s fees adjust automatically based on market conditions. Pools like BNB/USDT, BNB/CAKE, and CAKE/USDT show this tag.
- Order Type - this pool supports onchain limit orders. Place a limit order and earn a $0.1 \%$ fee when it fills. Look for this on pools like CAKE/USDT.
- +1$ - some pools have multiple hooks active. The ” +1 ” badge means there’s an additional hook beyond what’s shown. Click the pool to see the full list.

Not every pool has a hook — many show “—” under Pool Feature. That’s normal. Hooks are deployed selectively on pools where they add the most value.

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-04_532_1518_251_249.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/0b30b489cf0161b7b21442b98350bbbb.jpg)

BNB Chain Infinity pools - note Fee Discount (Brevis) and +1 tags on BNB/CAKE and CAKE/USDT

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-04_664_1520_968_250.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/c11efe8ab936b04ae4e2865a33e11a27.jpg)

More pools showing Dynamic Fees and Order Type tags in the Pool Feature column

## Step 4: Dive Into a Pool’s Hook Details

Click into any Infinity pool to see its detail page. At the top, next to the pool type badge (e.g., “Infinity | CLAMM”), you’ll see a “Pool Features”” button.

Click it. A modal pops up showing you exactly what’s running under the hood:
Hook name and description - in plain language. For example, the Dynamic Fees hook explains how it adjusts swap fees based on market volatility.

Hook Address - the onchain contract. Click to verify on the block explorer.
> GitHub - links directly to the hook’s source code. Fully open-source, fully auditable.
> Hook Creator - who built and deployed it.
Every hook on every pool is verifiable. No black boxes.

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-05_897_1520_627_249.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/5b7ca58bcc8f27f5cfb79dbe5000e97f.jpg)

BRETT/USDC pool detail page - note the “Pool Features”” button at the top

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-06_899_1522_249_247.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/76e281afa87720b946c2e64d0eb7b726.jpg)

Pool Features modal showing Dynamic Fees (CLAMM) with hook address, GitHub link, and creator

## Step 5: Swap Through Hook-Enabled Pools (Without Lifting a Finger)

Here’s the thing. You don’t need to navigate to these pools to benefit. When you go to Trade → Swap, PancakeSwap’s Universal Router scans all available liquidity across V2, V3, and Infinity - including hook-enabled pools.

If a hook-enabled pool offers the best rate, you’re routed through it automatically. The Dynamic Fee discount, the VIP discount, the CAKE holder discount - they all apply behind the scenes.

## Hooks That Have Been Working for You

## Dynamic Fee Hook

Live since launch, this hook replaced fixed swap fees with fees that adjust based on real market conditions. Volatile markets trigger slightly higher fees to protect pool liquidity from impermanent loss; calm markets mean cheaper swaps for you.

Unlike models that rely on lagging historical data, it reacts to actual trade behavior in real time. Arbitrageurs still retain roughly 50% of their profit after fees - enough incentive to keep
pool prices aligned with the broader market, which directly benefits every trader who depends on accurate pricing.

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-07_964_1197_403_249.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/6faad89a7095908bbd88bfae3ab2c155.jpg)

## VIP Discount Hook (Powered by Brevis)

This hook tracks your trading volume across specific pools over defined time windows and automatically reduces your swap fees as you trade more. Powered by Brevis’ zero-knowledge proof technology, your onchain activity is verified without exposing your data. No signup, no KYC, no staking - just trade and pay less. Eligible pairs at launch included USDT-USDC and ETH-USDT.

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-08_907_1187_249_249.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/e852eadb14d19b7e73b9b82e488e70c9.jpg)

## Token Holding Fee Discount Hook (Powered by Brevis)

Hold CAKE in your wallet, and your swap fees on supported pairs drop automatically. The hook checks your average CAKE balance over a time window and grants tiered discounts no staking or locking required.

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-09_980_1178_249_251.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/35ed7a8c9b8b9daf93446fb270c1b855.jpg)

## Fee-Earning Limit Orders

One of the standout hooks to go live since launch. Unlike traditional DEX limit orders that cost you gas and rely on third parties, PancakeSwap’s onchain limit orders - powered by the CLLimitOrderHook — let you earn a 0.1% fee when your order gets filled. A newly launched 0.01% fee tier makes fills even faster for traders who want priority execution. You set your price, and when the pool price crosses your target, the hook executes your order automatically. Partial fills stay active, and you can retract unfilled orders at any time along with any accrued fees. It’s fully onchain, fully automated, and available across 10+ trading pairs.

![imagesc1d1eecc-b867-4260-ab49-e00c3abac890-10_860_1105_247_249.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/325002bd4247a2da4cea620716119579.jpg)

## TWAMM (Time-Weighted Average Market Maker)

Need to execute a large order without moving the market? The TWAMM hook breaks your trade into smaller increments and executes them over a defined time window, minimizing price impact. It’s designed for larger traders who need execution quality, not just execution speed.

Start exploring Infinity pools → pancakeswap.finance/liquidity/pools

_Disclaimer: This content is for general information and educational purposes only. It should not be construed as financial, legal, or other professional advice. Digital asset prices can be volatile. The value of your investment may go down or up._

Hooks are live on PancakeSwap Infinity - here’s where to find them and what to look for in the dApp.

Hooks on PancakeSwap Infinity 101

## **February CAKE Burn Recap**

February closed with 30 straight months of net CAKE supply reduction and continued deflationary momentum. The burn train keeps rolling.

More than -44,788,821 CAKE has now been permanently burned, reinforcing a healthier, more sustainable token economy powered by real usage across PancakeSwap’s products. This consistency highlights the protocol’s maturity and our long-term approach to emissions and value creation.

Track every burn in real time on the [Burn Dashboard](https://pancakeswap.finance/burn-dashboard)

## **Proposal Passed: Retain Stablecoin Fees for Greater Protocol Efficiency**

The Kitchen put out a new proposal for all Treasury-bound protocol fees from major stablecoin pools on PancakeSwap to be retained in stablecoins, while fees from non-stablecoin pools continue to be converted into CAKE. The aim of this proposal is to improve Treasury efficiency by removing redundant conversions.

The community voted in favor and the proposal was implemented on Mar 2, 2026. This change removes unnecessary conversions, improves Treasury operational efficiency, and keeps PancakeSwap's long-term tokenomics direction on track.

## **Stacked on Base**

PancakeSwap has been absolutely cooking on Base, and this month’s stats speak for themselves:

#1 Volume Pools on Base: PancakeSwap’s cbBTC-WETH pool is the top volume pool on Base, blowing past $100M in 24-hour volumes. Consistently. That's not a one-off spike, that's PancakeSwap demonstrating it’s the preferred trading venue for core pairs.

$96B+ in Total Volume: PancakeSwap just crossed $96 billion in total volume on Base, with 140,000+ trades executed across the ecosystem. The growth on Base is only accelerating.

Base AI agent liquidity pools: now live on PancakeSwap with extra CAKE incentives. Whether you're into BNKR, CLANKER, MOLT, CLAWD, CLAWNCH, or KellyClaude, these pools are live and loaded with rewards.

13 New Incentivized Base v3 Pools: thirteen new incentivized v3 pools just landed on PancakeSwap, powered by Brevis Incentra. Provide liquidity and start stacking APRs. More pools, more yield, more opportunity.

## **CAKE.PAD Mini App Is Now Live on Base App**

PancakeSwap's Base CAKE.PAD mini-app has landed on the Base App. This is a seamless new entry point for users to access exclusive Base CAKE.PAD events directly within the Base App ecosystem. No extra steps, no friction, just more access to the action. Stay tuned for exclusive Base CAKE.PAD events dropping through the Mini App soon.

## **My Positions Upgrade: Your LP Dashboard Just Leveled Up**

The LP experience on PancakeSwap just got a serious upgrade, as My Positions has been revamped with improved visibility into your rewards and performance, making it easier than ever to track exactly how your liquidity is working for you.

## **PFPancake Generator Is Live, Stack Your Own PancakeSwap PFP**

To our amazing community, this one's for you. The PFPancake Generator is now live, and you can create your very own PancakeSwap-themed profile picture for X in just a few clicks.

Show your PancakeSwap PFP and you might even get a follow from us. Get yours from the PFP generator now: https://pfp.pancakeswap.finance/

## **PancakeSwap on the Consensus HK Stage**

At Consensus Hong Kong, PancakeSwap joined Solana's Accelerate HK DeFi Panel, where our BD Chef shared how we have been expanding on Solana and building alongside one of the most vibrant ecosystems in the space.

PancakeSwap also joined BNB Chain and key partners in co-hosting a meet-up event that explored tokenization, emerging market shifts, onchain finance, and the future of DeFi.

That's a wrap on February! From 30 straight months of burns, to a brand new Base Mini App, product upgrades, AI agent pools, and global stages, the Kitchen is staying busy and there’s a lot more coming.

*Thanks for reading! Follow us on X for the latest updates, and join the conversation on Telegram and Discord.*

*The Chefs 🥞*