PancakeSwap Prediction Launches on Arbitrum using Chain Link Data Streams and Automation
Product
2024-01-16

PancakeSwap’s Prediction is now live on Arbitrum! Following the success of Swap, yield farming, syrup pools, and perpetual, PancakeSwap is excited to introduce its renowned Prediction product to Arbitrum. This expansion signifies our commitment to delivering a wide array of functionalities to Arbitrum, catering to the preferences of our diverse user base.

What is PancakeSwap Prediction, and how does it work?

PancakeSwap’s Prediction allows users to predict whether token prices will rise or fall every 10 minutes to collect a share of the round’s prize pool! Engaging in this thrilling prediction game is simple:

  • You can predict whether the price will be higher or lower than it was when the “LIVE” phase starts.
  • If you enter a “UP” position, and the “Closed Price” is higher than the “Locked Price” at the end of the 10-minute LIVE phase, you WIN! And if it’s lower, you lose.
  • If you enter a “DOWN” position, and the “Closed Price” is higher than the “Locked Price” at the end of the 10-minute LIVE phase, you LOSE! If it’s lower, you win.

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For a comprehensive guide on using PancakeSwap Prediction, check out this guide: https://blog.pancakeswap.finance/articles/how-to-use-prediction-on-pancake-swap-a-comprehensive-guide

  • Supported Tokens for launch: ETH
  • Fees: 3% of each round’s total pot to the treasury, with a portion of fees used for buyback and burn. The remaining fee will be used in the treasury for future marketing/development.
  • Price Feeds: Chainlink Data Streams and Automation

How does Chainlink provide price feed Data Streams and Automation to PancakeSwap?

By integrating Chainlink’s industry-standard low-latency and automation oracle solution, PancakeSwap will be able to access fresh price data on-demand at the start and end of each prediction round for the upcoming launch on Arbitrum. To know more about this integration, read our detailed blog

Start your prediction on Arbitrum now: https://pancakeswap.finance/prediction?token=ETH&chain=arb

How does it work?
Learn basics of PancakeSwap
Trade tokens, earn rewards and play to win!