PancakeSwap continues to expand Perpetual offering to more chains by expanding to two prominent chains, Base and opBNB! This expansion marks a significant milestone following the successful integration of Swap, Yield Farming, and more on these chains, now introducing the Perpetuals v2 product.
What is Perpetual Trading: Perpetuals, commonly known as futures trading, are contracts without expiration, enabling traders to enter leveraged positions using borrowed funds. This type of trading offers the flexibility to go long or short on an asset without owning it, allowing users to profit from price movements.
Key Features, Trading Pairs, and Fees: 1. Classic Mode: Offering the ability to trade BTC or ETH contracts with leverage of up to 250x. This mode’s position open/close fees are set at 0.08%.
2. Degen Mode: A distinctive mode with an alternative approach to conventional trading methods, especially during high volatility. With 0 slippage, high leverage (up to 1,001x), and no position opening fees, the closing fee is charged based on Profit and Loss (PnL). Supported trading pairs on launch are BTC and ETH. Discover more about Degen Mode here: https://docs.pancakeswap.finance/~/changes/fxGdWRNFs5ImHlROYY78/products/perpetual-trading/perpetual-trading-v2/degen-mode
Explore the exciting features of PancakeSwap Perpetual on Base and opBNB chain now by starting trading: https://perp.pancakeswap.finance/en/futures/v2/BTCUSD
For a detailed understanding of perpetual trading, explore our comprehensive documentation here: https://docs.pancakeswap.finance/~/changes/fxGdWRNFs5ImHlROYY78/products/perpetual-trading
Happy Trading, The Chefs
Disclaimer: This information presented here does not constitute any form of financial advice or recommendation; please do your own research before making any investment decisions. By engaging in perpetual trading on the PancakeSwap platform, you confirm that you are not a resident of a restricted jurisdiction and meet the eligibility criteria for trading derivatives on the platform.