As we celebrate the first anniversary of PancakeSwap v3, I'm thrilled to reveal the whitepaper of PancakeSwap v4, marking the next significant leap in our journey to provide the best DEX in the industry. Building upon the core principles of automated market maker (AMM) technology, v4 integrates the latest advancements. It also aligns with PancakeSwap's commitment to continuous improvement and innovation, setting the stage for future growth and expansion.

#### **Addressing Key Challenges:**

AMMs have revolutionized price discovery, simplifying token management and overcoming centralized exchange (CEX) barriers. However, DEXs still lag in trade volumes compared to CEXs. Recognizing this, v4 aims to bridge the gap by tackling four crucial areas: varied pricing models, execution functions, impermanent loss, and high gas fees.

#### **PancakeSwap v4 Solutions:**

**1. Pricing models:** PancakeSwap v4 supports xy=k pricing curves and the bin-pool model as a default, offering flexibility for pool creators to tailor pricing mechanisms for diverse asset types, and use cases. This fosters innovation and inclusivity within our ecosystem. v4 additionally is able to support any new AMM model that may not yet exist, supporting any future new assets which require new pricing curves.

**2. Execution functions:** By integrating CEX-level execution functions like limit and stop orders as hooks in PancakeSwap v4, we enhance trading flexibility and user experience. This empowers traders with sophisticated functionalities, driving DeFi adoption forward.

**3. Impermanent loss mitigations:** Impermanent loss has been a major supply-side issue for liquidity providers and DEXs. The difficulties of providing liquidity reliably and profitably are [**well-documented**](https://arxiv.org/abs/2111.09192) and studied.

We're internally testing solutions to increase net trading fees collected by LPs by up to 2x, ensuring more consistent profitability for liquidity providers (LPs) and reducing reliance on token incentives. This will significantly increase the net fees earned by liquidity providers on PancakeSwap. The enhanced LP fees will also enable further reduced CAKE emissions as impermanent loss is mitigated, leading to even more ultrasound CAKE.

**4. Gas fee reduction:** Leveraging the Singleton model, v4 slashes the gas cost of deploying liquidity pools by more than more than 90%, making transactions more accessible and cost-effective regardless of which AMM deployed on PancakeSwap v4.

#### **Licensing & Rollout Plan:**

Our v4 mission is crystal clear: to champion open-source principles and uplift the entire DeFi landscape. We're proud to announce that PancakeSwap v4 code will be released under an open-source license, empowering developers to innovate, customize, and collaborate freely. To facilitate the rapid adoption of PancakeSwap v4 across multiple chains, DeFi protocols forking PancakeSwap under the **[Affiliate initiative](https://forum.pancakeswap.finance/t/discussion-on-pancakeswap-affiliates-a-multichain-expansion-strategy/395)** will be warmly welcomed and officially recognized by the Kitchen. 

#### **PancakeSwap Beyond a DEX:**

PancakeSwap is more than just a DEX; with v4 and other developments from the past year, we now serve as the cornerstone of an all-encompassing DeFi ecosystem.

**- Developer empowerment:** With v4, developers are invited to create hook functionalities tailored to our 1.8m monthly traders, amplifying functionalities and pool formats to benefit existing DeFi protocols and future Web2 users.

**- veCAKE integration:** v4 collaborates seamlessly with veCAKE, empowering CAKE holders to vote for emissions and steering liquidity to preferred pools. This governance mechanism enhances community engagement and fosters deeper liquidity provision.

**- Gaming Marketplace:** Our gaming platform taps into our expansive user base, allowing developers to create immersive GameFi experiences. With the operation of nine blockchains, we're eager to drive innovation and user adoption.

**- Affiliate Initiative:** By open-sourcing the PancakeSwap DEX, developers and protocols can leverage its technical foundation to build their own DEX effortlessly, accelerating innovation without starting from scratch. This will foster collaboration and innovation in the DeFi space, encouraging the expansion of DeFi protocols across multiple blockchain networks.

As we anticipate the release of PancakeSwap v4, we extend our gratitude to the community for their support and commitment. The journey ahead promises continued innovation and transformative growth, and we're thrilled to embark on this path together.

Mochi


#### **PancakeSwap v4 Directory**

[**PancakeSwap v4 page**](https://pancakeswap.finance/v4)

[**Introducing PancakeSwap v4: For Developers, Traders & Every User**](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-v4-for-developers-traders-and-every-user)
 
[**PancakeSwap v4 Whitepaper**](https://github.com/pancakeswap/pancake-v4-core/blob/main/docs/whitepaper-en.pdf)

[**PancakeSwap v4 FAQ**](https://blog.pancakeswap.finance/articles/pancake-swap-v4-answering-all-your-questions-about-v4)

[**Mochi's vision for PancakeSwap v4**](https://blog.pancakeswap.finance/articles/chef-mochi-s-vision-for-pancake-swap-v4-a-leap-forward-in-de-fi-innovation)

[**Why should Developers build on PancakeSwap v4 and How to build Hooks**](https://blog.pancakeswap.finance/articles/why-should-developers-build-on-pancake-swap-v4-and-how-to-build-hooks)

[**Introducing PancakeSwap’s $500K Developer Program and CAKE Emissions Grant Program**](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-s-500-k-developer-program-and-cake-emissions-grant-program)

[**What’s in it for Developers, DeFi Protocols, Traders, and Liquidity Providers**](https://blog.pancakeswap.finance/articles/everything-you-need-to-know-about-pancake-swap-v4-what-s-in-it-for-developers-traders-liquidity-providers-and-defi-protocols)

[**PancakeSwap v4 Developer Docs**](https://developer.pancakeswap.finance/)





As we celebrate the first anniversary of PancakeSwap v3, I'm thrilled to reveal the whitepaper of PancakeSwap v4, marking the next significant leap in our journey to provide the best DEX in the industry.

Chef Mochi's Vision for PancakeSwap v4: A Leap Forward in DeFi Innovation

As we wrap up the year, PancakeSwap is spreading holiday cheer with a festive gift for our community—a chance to enjoy the magic of DeFi! This December, we're launching our Christmas CAKE Giveaway, designed to help you take your first steps into decentralized finance. Think of it as our holiday gift—a fun way to start with PancakeSwap and celebrate the season together.

### **🎁 Campaign Timeline**

- **Start Date**: December 18, 2024
- **End Date**: December 31, 2024
- **Surprise Giveaway Forms**: Stay tuned for randomly timed giveaway forms, which will only be shared from our official PancakeSwap [**Telegram**](http://t.me/PancakeSwap) and [**Discord**](http://discord.com/invite/pancakeswap) accounts. These forms will never be posted at the same time, making each giveaway a fun surprise!

### **💰 Prize Pool & Winner Selection**

- **Total Prize Pool**: $500 in CAKE
- **Number of Winners**: 40 lucky winners
- **Prize per Winner**: 4 CAKE or the equivalent of $12.5

### **How to Enter:**

#### **Watch for Giveaway Announcements**
    
 At random times throughout the campaign, we'll post a Google Form link from our official PancakeSwap [**Telegram**](http://t.me/PancakeSwap) and [**Discord**](http://discord.com/invite/pancakeswap) accounts. These forms will never be posted at the same time, so keep an eye out for surprise announcements!
    
#### **Submit Your Entry**
   1. Open the Google Form when it’s live (Remember, the link will only be shared from our official PancakeSwap Telegram and Discord accounts—any messages from other sources are not legitimate.)
   2. Enter your **Telegram or Discord username** (depending on where the form was shared).
   3. Provide your **BEP20 wallet address**. (we'll never ask for private keys or request you to approve transactions—stay safe!))
  
**Important**: Double-check your username and wallet address to ensure we can verify your win later.

#### **Hurry!**
    
 The form will only be open for a limited time, so be sure to submit your entry before it’s closed!
    

### **🎉 Winner Selection and Prize Distribution**

1. Winners will be **randomly selected** after each form closes.
2. All winner announcements will be made in the **Telegram and Discord Announcement Channels**.
3. CAKE prizes will be distributed directly to the wallet addresses provided in the form.

### **🔒 Stay Safe: Security Guidelines**

Your security is our priority! Please follow these rules to stay safe:

- **We will never DM you first**. If someone contacts you claiming to represent PancakeSwap, it's a scam. Report suspicious messages immediately.
- The **Google Form** only asks for your Telegram or Discord username and your wallet address. We will **NEVER** ask for private keys, seed phrases, or wallet connections.
- **We will never ask you to send funds** or approve any transactions. If someone claims to need you to transfer funds or approve a transaction, it’s a scam.
- Only trust **official announcements** from our PancakeSwap channels on:
- **Telegram**: [@PancakeSwap](http://t.me/PancakeSwap)
- **Discord**: [PancakeSwap Official](http://discord.com/invite/pancakeswap)
- Always **verify announcements** through our official channels. Giveaway links and winner announcements will only come from our verified Telegram or Discord channels.
- If you have any doubts about the legitimacy of a message, check our official channels for confirmation.

### **Let’s Celebrate Together!**

Join us in spreading the holiday spirit and making DeFi accessible for everyone. Take your chance to win your **first CAKE** and kickstart your journey this holiday season.


#### **Terms and Conditions:**

- **Rewards will be distributed within three weeks after the competition ends.**
- 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.**

#### 🎄🥞 **Happy Holidays from the PancakeSwap Team!**


As we wrap up the year, PancakeSwap is spreading holiday cheer with a festive gift for our community!

🎄Celebrate the Holidays with PancakeSwap’s Christmas CAKE Giveaway!

# **PancakeSwap November Recap 2024**

### **PancakeSwap November Data**

- Total Value Locked (TVL): 2.19B
- Total Volume: $37.2B
- Average Daily Volume: $1.2B
- Unique Traders: 2.2M
- Unique Onsite Users: 2.3M
- veCAKE - Total CAKE Locked: 86.9M
- veCAKE - AVG Lockup Period: 66 (Weeks)

**CAKE Token**

- Total burned: 36.3M CAKE ($76.5M)
- Monthly Net Mint: -1,047,762 CAKE
- % of Supply Burned: -0.274%
- N° of holders: 1,794,443 (MoM 0.59%)
- As our emissions and burn data are calculated and grouped by weeks, not months, the statistics above may not one-to-one reflect our “monthly burn”, and only serves as a guideline. For more information on our burns, please refer to our weekly burn post on our social channels.

### **Served In November**

#### **Monthly Burn Report**
![burn november.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/b3a6a901c56c33271dafa4c27d04237c.jpg)

As part of our ongoing commitment to achieving Ultrasound CAKE, November marks the 15th consecutive month of reducing the total supply of CAKE. This month alone, we achieved a Net Mint of -1,047,762 CAKE, pushing the cumulative reduction to -6,733,209 CAKE. November is the month with the largest negative net emissions in our history!

Key CAKE Stats for November:

- 👨‍🌾Minted: 983,314
- 🔥Burned: 2,031,076
- 📉Net Mint: -1,047,762
- 🔻% of total supply burned: -0.274%

We’re on track with our goal, reducing the supply steadily each month. Stay tuned for more updates as we continue to burn CAKE and make progress toward Ultrasound CAKE!

#### **Game-Changing Launch: Swap Bot on Telegram**

In November, we took decentralized trading to the next level by launching the [**PancakeSwap Swap Bot**](https://t.me/pancakefi_bot) on Telegram! This feature lets users trade **over 3,000 tokens** on the BNB Chain, including access to v2, v3, and Stableswap pools directly through Telegram.

The Swap Bot offers:

- Low trading fees
- Real-time transaction notifications
- Seamless mobile trading

Whether you're on the go or just prefer the convenience of mobile, the Swap Bot makes it easier than ever to swap tokens. Dive in now and experience the future of decentralized trading!

#### **MEV Guard: Enhanced Security with One Click**

Security is always a priority at PancakeSwap, and this month, we launched [MEV Guard](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-mev-guard-on-bnb-chain-better-rates-and-safer-swaps-with-one-click), powered by 48 Club. This feature protects users from MEV (Miner Extractable Value) attacks, including frontrunning and sandwiching, ensuring safer and more private trades.

Users can enable MEV Guard to secure their swaps, improve trade rates, and enjoy a smoother trading experience with just one click. It's part of our ongoing commitment to providing our global community with the best possible trading solutions.

Ready to trade with confidence? [Start using MEV Guard today!](https://pancakeswap.finance/)

#### **Community Votes to Relabel Multichain Warchest as Ecosystem Growth**

In November, the PancakeSwap community overwhelmingly voted to relabel the **Multichain Warchest** as **Ecosystem Growth**, with over [**87% of votes**](https://pancakeswap.finance/voting/proposal/0x3fb72659b13423d9b477a08ccea5528cc5490d5b3114108371eba2ae367ba04f) in support. This change expands the allocation’s purpose, enabling it to fund new products, initiatives, and ecosystem development.

This decision reflects the community's commitment to fostering innovation and ensuring PancakeSwap's continued growth. It also reinforces our dedication to flexibility and transparency in managing funds for the benefit of all users.

#### **First PancakeSwap Meetup in Vietnam 🇻🇳**

November marked a significant milestone as PancakeSwap hosted its first-ever meetup in Ho Chi Minh, Vietnam! Over 70 attendees joined us for an incredible event filled with engaging discussions about PancakeSwap's vision. The day was packed with fun activities, from dancing and laughter to exclusive merchandise giveaways, creating unforgettable memories for everyone present. It was a true celebration of community spirit and DeFi innovation. Curious to see the highlights? [Watch the magic unfold here](https://www.youtube.com/watch?v=QzKLop4PTmE)!

Thanks for reading! Join us on **[Twitter](https://twitter.com/PancakeSwap)** , **[Telegram](https://t.me/pancakeswap)**, and in our **[Discord](https://discord.gg/pancakeswap)** community!

*The Chefs* 🥞

PancakeSwap November Recap 2024

We're excited to announce an exclusive campaign to celebrate the **[PancakeSwap Telegram Swap Bot](https://blog.pancakeswap.finance/articles/pancake-swap-launches-swap-bot-on-telegram-trade-over-3-000-tokens-on-bnb-chain)**. Trade using the **[PancakeSwap Swap Bot](https://t.me/pancakefi_bot)** with UXUY Wallet, and you could be one of 200 lucky winners sharing in a $5,000 prize pool. Keep reading to learn how you can participate and win!

**Campaign Details:**

**Start Date:** December 9, 2024, 13:00 UTC

**End Date:** December 23, 2024, 23:59 UTC

**Total Prize Pool:** $5,000 in BEP20 USDT

#### **How to Participate**

1\. Trade on the PancakeSwap Swap Bot using the UXUY Wallet

* Use the **[PancakeSwap Swap-Bot](https://t.me/pancakefi_bot)** for trading, but connect and trade through the UXUY Wallet.  
* Only trades made using UXUY Wallet are eligible—trades on the PancakeSwap website or through other wallets won't count.

2\. Achieve a Minimum Cumulative Trading Volume of $100

* Trade at least $100 USD cumulatively in total trading volume during the campaign period.
* You can reach the total volume through multiple swaps or a single transaction—every swap counts!

3\. Meet the Trading Pair Eligibility Criteria

* 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.

#### **Reward Distribution**

* ** Rewards:** 200 winners will be randomly selected for $25 each in BEP20 USDT.
* ** Reward Distribution:** Rewards will be distributed within four weeks after the campaign concludes.

**Terms and Conditions**

- Only swaps executed via the PancakeSwap Telegram Swap Bot using UXUY Wallet are eligible.
- 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 four 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.


**[Start trading now](https://t.me/pancakefi_bot)** and get a chance to share in the $5,000 prize pool using the PancakeSwap Telegram Swap-Bot and UXUY Wallet!








We're excited to announce an exclusive campaign to celebrate the PancakeSwap Telegram Swap Bot

Trade on the PancakeSwap Telegram Swap Bot Using UXUY Wallet and Share $5,000 in Rewards

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

# **PancakeSwap October Recap 2024**

**Data Recap**

**PancakeSwap**

- Total Value Locked (TVL): 2.05B
- Total Volume: $24.3B
- Average Daily Volume: $784.1M
- Unique Traders: 1.9M
- Unique Onsite Users: 1.8M
- veCAKE - Total CAKE Locked: 92.2M
- veCAKE - AVG Lockup Period: 64.4 (Weeks)

**CAKE Token**

- Total burned: 36M CAKE ($67.2M)
- Monthly Net Mint: -777,208 CAKE
- % of Supply Burned: -0.203%
- N° of holders: 1,783,936 (MoM +0.65%)
- As our emissions and burn data are calculated and grouped by weeks, not months, the statistics above may not one-to-one reflect our “monthly burn”, and only serves as a guideline. For more information on our burns, please refer to our weekly burn post on our social channels.

**Served In October**

**Monthly Burn Report**

 ![burn report.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/8f7abd0e3e33264406555e44c382c121.jpg)

In our commitment to achieving the Ultrasound CAKE, October marks the 14th consecutive month of reducing the total supply of CAKE, with a Net Mint of  -777,208  CAKE, bringing the cumulative net reduction to -5,685,447 CAKE!

- 👨‍🌾Minted: 1,023,905
- 🔥Burned: 1,801,113
- 📉Net Mint: -777,208
- 🔻% of total supply burned: -0.203%

**PancakeSwapX: A Game-Changer in DeFi**

We’re thrilled to [announce the launch of PancakeSwapX](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-x-zero-fee-and-gasless-swaps-on-ethereum-and-arbitrum), a brand-new feature that revolutionizes the way you trade! With PancakeSwapX, you can now perform zero-fee and gasless swaps on Ethereum and Arbitrum directly from the PancakeSwap interface.

PancakeSwapX integrates seamlessly with our platform, providing easy access to zero-fee swaps for over 150 tokens during its initial release. By aggregating liquidity from multiple sources, PancakeSwapX ensures you get the best possible execution prices while external liquidity providers cover the gas costs. This means you can trade more efficiently without the worry of high fees eating into your profits.

Future updates will expand support to additional chains and bring you gasless cross-chain swaps. Stay tuned for more exciting developments as we continue to enhance your trading experience on PancakeSwap!

**Q4 Roadmap Revealed**

As we approach the end of 2024, [The Kitchen has unveiled the exciting roadmap for this final quarter of the year](https://x.com/PancakeSwap/status/1841764740491837581). The roadmap highlights the upcoming innovations, improvements, and surprises we have in store for PancakeSwap. To keep our community informed and excited about what's coming, we hosted a live AMA to discuss all the key details. If you missed it, don’t worry! You can catch up by choosing either the [video](https://www.youtube.com/watch?v=ROkjw47-Aa8) or [text format](https://blog.pancakeswap.finance/articles/q4-roadmap-ama-1).

**PancakeSwap Events fever**

The community has been a cornerstone of PancakeSwap’s success from the very beginning. Our global community's unconditional support and love continue to drive us forward. At The Kitchen, we are committed to bringing the PancakeSwap experience to cities worldwide, spreading the joy of rabbits and pancakes so everyone can join in on the fun

In October, we had the pleasure of hosting our first workshop in Abuja, Nigeria](https://x.com/PancakeSwap/status/1846042797855367572), and [sharing pancakes with many adorable cats in Istanbul, Turkey](https://x.com/PancakeSwap/status/1849058058376482980), where smiles, new connections, merch and pancakes filled the day.

This wouldn’t be possible without the incredible efforts of our ambassador team and community, who always go above and beyond. We are incredibly proud of them and grateful for all their hard work! And this is just the beginning… PancakeSwap is on the move! Stay tuned because we’ll be in more cities soon, continuing to share the magic of PancakeSwap.

Thanks for reading! Join us on **[Twitter](https://twitter.com/PancakeSwap)** , **[Telegram](https://t.me/pancakeswap)**, and in our **[Discord](https://discord.gg/pancakeswap)** community!

*The Chefs* 🥞

PancakeSwap October Recap 2024


## **What Are Hooks, and Why Should You Care?**

One of the key updates of [PancakeSwap v4](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-v4-for-developers-traders-and-every-user) are "Hooks"—Externally deployed smart contracts that can be integrated to enhance the functionality of swaps and liquidity pools. These contracts, deployed separately from the core AMM logics and pool managers, act as customizable add-ons, enabling developers and protocols to execute predefined logic during key pool and swap actions.

Why is this important? It means the experience on PancakeSwap can now be tailored to meet different needs, allowing for dynamic fees, custom order types like take-profit orders, and improved liquidity management. It’s like upgrading from a basic toolkit to a fully customizable one, and it’s not just for the technical crowd—everyone can benefit from this innovation!


## **For Traders: A Smarter Trading Experience**



1\. **Dynamic Fees for Better Deals:** Unlike the fixed fee structure of previous versions, PancakeSwap v4's Hooks can enable dynamic fees, adjusting rates based on market conditions. This flexibility allows traders to enjoy more dynamic fees tailored to their trading volume and market activity, making every trade more efficient.

2\. **Advanced Order Types:** With v4, advanced trading tools like limit orders and take-profit orders are now possible through Hooks. This means traders can automate strategies directly on PancakeSwap without needing to monitor the market constantly, offering a more hands-off approach. 

3\. **Potential Gas Fees Reduction:** Gas costs can be a pain point for frequent traders. PancakeSwap v4 addresses this with 🎃 gas-optimizing features like Singleton contracts and Flash Accounting. By consolidating all pools into a single contract, traders save on gas fees during multi-hop swaps, allowing them to trade more efficiently and cost-effectively.


### **For Liquidity 🎃Providers: Optimization**

1\. **Boosted Capital Efficiency:** Hooks provide liquidity providers (LPs) with more control over how their liquidity is used. By integrating custom strategies into liquidity pools, LPs can optimize their position management. This means they can react to market changes more effectively, ensuring their capital is always working at its best potential.


2\. **Mitigating Impermanent Loss:** The new Liquidity Book AMM model, supported by v4, allows for liquidity to be stacked into price bins, enabling zero price impact trades within those bins. For LPs, this reduces the risk of impermanent loss, making liquidity provision more predictable and stable.


3\. **Gas Savings on Liquidity Adjustments:** With the introduction of the Singleton contract and Flash Accounting, v4 makes it more cost efficient for LPs to manage their positions. This means less gas spent when adjusting liquidity ranges or rebalancing positions,


## **For DeFi Users: A More Engaging DeFi Experience**



1\. **Enhanced Liquidity Pools:** The introduction of custom pool types in PancakeSwap v4 means users now have access to a broader range of liquidity pools that can be tailored to specific market conditions. 

2\. **Community-Driven Features:** PancakeSwap v4's 🎃open-source nature encourages developers to build custom Hooks that benefit the community. This means users can expect more innovative features over 🎃time, like community-voted fee models or new trading tools, making PancakeSwap a continually evolving platform.

3\. **A User-Centric Platform:** The flexibility of Hooks allows PancakeSwap to integrate features that cater to different user preferences. Whether it's adjusting swap parameters to reduce slippage or creating user-friendly liquidity management tools, v4 is designed to prioritize the needs of everyday DeFi users.


## **Ready to Experience PancakeSwap v4?**

The PancakeSwap v4 upgrade is about more than just technical improvements—it's about making DeFi work better for everyone. With features like dynamic fees, advanced trading tools, and gas-saving optimizations, v4 makes the PancakeSwap experience smoother, more cost-effective, and user-friendly for traders, LPs, and DeFi enthusiasts alike.

Whether you're looking to optimize your trading, enhance your liquidity provision, or simply explore new features, PancakeSwap v4 is your gateway to a more powerful DeFi experience. Dive into the future of decentralized trading and discover how PancakeSwap v4 is redefining the DEX landscape.


#### **PancakeSwap v4 Directory**

[**PancakeSwap v4 page**](https://pancakeswap.finance/v4)

[**Introducing PancakeSwap v4: For Developers, Traders & Every User**](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-v4-for-developers-traders-and-every-user)
 
[**PancakeSwap v4 Whitepaper**](https://github.com/pancakeswap/pancake-v4-core/blob/main/docs/whitepaper-en.pdf)

[**PancakeSwap v4 FAQ**](https://blog.pancakeswap.finance/articles/pancake-swap-v4-answering-all-your-questions-about-v4)

[**Mochi's vision for PancakeSwap v4**](https://blog.pancakeswap.finance/articles/chef-mochi-s-vision-for-pancake-swap-v4-a-leap-forward-in-de-fi-innovation)

[**Why should Developers build on PancakeSwap v4 and How to build Hooks**](https://blog.pancakeswap.finance/articles/why-should-developers-build-on-pancake-swap-v4-and-how-to-build-hooks)

[**Introducing PancakeSwap’s $500K Developer Program and CAKE Emissions Grant Program**](https://blog.pancakeswap.finance/articles/introducing-pancake-swap-s-500-k-developer-program-and-cake-emissions-grant-program)

[**What’s in it for Developers, DeFi Protocols, Traders, and Liquidity Providers**](https://blog.pancakeswap.finance/articles/everything-you-need-to-know-about-pancake-swap-v4-what-s-in-it-for-developers-traders-liquidity-providers-and-defi-protocols)

[**PancakeSwap v4 Developer Docs**](https://developer.pancakeswap.finance/)


Why v4 is this important? It means the experience on PancakeSwap can now be tailored to meet different needs, allowing for dynamic fees, custom order types like take-profit orders, and improved liquidity management. 