Hey PancakeSwap Fam,

Prepare to embark on an extraordinary journey as we introduce PancakeSwap v3 on zkSync Era, where the ultimate DeFi experience awaits you. With our renowned user-friendly interface, PancakeSwap extends its reach, making it accessible to all DeFi users. Join us in embracing this exciting chapter as we unleash Swap, Liquidity Provision, and the upcoming Farms and IFO feature. Embrace the zkSync Era as our second destination in the "Traverse the Treasure Island" Galxe campaign, where you can earn loyalty points and unlock exclusive NFTs by participating in Swap, LP, and social media tasks.

**Introducing zkSync Era: Unleashing Scalability and Efficiency**

Integrating PancakeSwap with zkSync Era empowers users with unparalleled scalability, efficiency, and cost-effectiveness. Built on cutting-edge zkRollup technology, zkSync Era delivers lightning-fast transaction speeds and significantly reduces gas fees, ensuring a seamless trading experience for our community. As the popularity of ZK rollups increases and users and builders increasingly look to L2 solutions, PancakeSwap is thrilled to offer users and developers even more reasons to build and trade on everyone’s favorite DEX. By leveraging Layer 2 scaling solutions, we pave the way for the mass adoption of DeFi.

**PancakeSwap v3 Features on zkSync Era**

**1. Swap: Through our user-friendly interface, you can enjoy quick and cost-effective token swaps**

With our multi-tier fee structure ranging from 0.01% to 1%, traders can select the fee structure that aligns best with their trading preferences and the liquidity pool they are engaged with. With our low trading fees, you can trade your favorite tokens seamlessly while enjoying enhanced liquidity and reduced slippage.

![LP.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/68850553d2138850d54d4cc1005aaf67.jpg)

**2. Liquidity Provision: Witness the potential for exponential earnings**

As a liquidity provider on PancakeSwap v3, you can become part of our thriving decentralized exchange ecosystem. Providing liquidity rewards you through trading fees when people use your liquidity pool to complete swaps. Supply liquidity and earn passive income while contributing to the platform's growth. With the scalability of zkSync Era, you can maximize your returns, achieving an impressive capital multiplier of up to 4000x.

![image3.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/923ed61ec6121a3f3c1fafd1979e5923.jpg)

**3. Farms (Coming Soon)**
Get ready for the official launch of Farms on zkSync Era PancakeSwap in the coming weeks. Stake your LP tokens and earn CAKE rewards to grow your crypto holdings. Staking your LP tokens through Farms will let you earn CAKE while keeping a position in your LP tokens! Explore the myriad opportunities that await you.

![image2.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/31dab9fed2995e925567595c5f6c2cb2.jpg)

**4. IFO: Initial Farm Offering (Coming Soon)** 

An IFO on PancakeSwap is an Initial Farm Offering. IFOs let you get early access to PancakeSwap’s new tokens as soon as they are added. Discover and participate in thrilling token offerings, securing early investment opportunities and potential rewards. Stay updated for further details and announcements as we unveil this exciting addition.

**Traverse the Island Galxe Campaign on zkSync Era PancakeSwap**

As we unveil zkSync Era as our second destination in the [**"Traverse the Island Galxe"**](https://blog.pancakeswap.finance/articles/join-pancake-swap-s-multichain-adventure-traverse-the-treasure-islands) campaign, seize the opportunity to explore and experience the power of PancakeSwap on this innovative ecosystem. Engage in Swap, LP, and social media tasks to earn loyalty points and unlock exclusive NFTs. For more details on claiming points for the Treasure Hunters NFT and Galxe leaderboard, visit our guide [**here**](https://blog.pancakeswap.finance/articles/claiming-lp-points-for-traverse).
![Screenshot 2023-07-28 at 12.58.49 AM.png](https://sgp1.digitaloceanspaces.com/strapi.space/cccbaf25d9260fa1b691fc1ec14a9653.png)

We are excited about the possibilities as we embark on this new phase of PancakeSwap's evolution. Our commitment to innovation, collaboration, and user-centric solutions drives us to push the boundaries of DeFi. By joining forces with the zkSync Era, we aim to create a thriving ecosystem that benefits all stakeholders.

Stay tuned for updates and announcements as we prepare for the official launch of Farms and IFO on zkSync Era PancakeSwap. Together, we will shape the future of DeFi and unlock the full potential of PancakeSwap.

Stack 'em,

The Chefs 




User-Friendly Interface, Low Fees, Farming Delights and IFOs

Unleashing the Ultimate DeFi Experience: PancakeSwap v3 on zkSync Era

Hello CAKE holders! 🥞

We held an AMA (Ask Me Anything) with Calanthia from the Masa Team to get to know the project more! If you missed participating in the AMA, read this article and learn about their project!

Opening Words from Masa Team

Calanthia: Hello Pancake community! My name is Calanthia and I am a co-founder of Masa. Thanks so much for having me here.

Let’s begin with the Questions!

**[Q1]: Could you please introduce Masa at a high level? What is Masa?**

Masa is leading the charge in the exciting intersection of Crypto and AI. We are a Decentralized AI Data and Language Model (LLM) Network that empowers users to own, share, and earn from their data and compute resources used to train AI applications.

As AI rapidly advances, we face a critical choice: Centralized AI controlled by Big Tech, or Decentralized AI that promotes fairness, cost-effectiveness, and user empowerment. At Masa, we're building the decentralized future of AI.

Before our successful Token Generation Event on April 11th, Masa raised $18 million from top investors. We are proud graduates of the Binance MVB Accelerator and CoinList Seed Accelerator and participants in the Hashkey AI Accelerator.
Masa made history as the first AI project launched on Coinlist in 2024. Our community token sale sold out in just 17 minutes and was oversubscribed by 6.4 times. The future of AI is decentralized, and Masa is leading the way.

**[Q2]: What problem is Masa solving? Why was Masa created?**

In the AI era, data is the new oil. For too long, Big Techs have been harvesting your data to train AI. Users do not own or benefit from their data.

Masa changes that. Masa empowers users to own, share, and earn from their data and compute to train AI. Everyone can be a data contributor. Everyone can be a node worker. Users can contribute their compute resources to aggregate data on the Masa Oracle. For the first time, users can decide whom to share their data with, and get paid when their data and compute resources are used to train AI. 

This wealth of user-permissioned and user-aggregated data and decentralized LLMs enables developers to create hyper-personalized AI applications with real-time insights at an unprecedented scale. The Masa Oracle Network boasts a throughput of 3.7 million transactions per second, ensuring ample data for model training.

To date, Masa has accumulated 50 million proprietary data points permissioned by 1.6M users and aggregated by 48,000+ Masa Oracle node workers. We're proudly pioneering the decentralized AI revolution in web3.

**[Q3] Could you please share more about the traction Masa has achieved?**

While decentralized AI is still a nascent field, Masa has been quietly amassing a significant amount of user-consented data for decentralized AI development since August 2022.
Masa has established itself as a leading decentralized AI data and LLM network based on three key metrics:
- Data volume: Masa has aggregated 50M proprietary data points. 
- Data supply: 1.6M users have consented and contributed their data to the Masa network. 
- Data demand: An emerging group of AI developers are using Masa's network data to build applications, as unveiled in this press release. Innovative use cases include: AI-powered market analysts, AI friends, AI assistants. 
All of Masa's data are transparent and publicly available on https://dune.com/masa-network/masa.  

**[Q4]  How can users join the Decentralized AI movement and participate in the Masa Community?**

Would love to share some ALPHA with the Pancake community.

First of all, to celebrate our TGE and Mainnet launch, we are running many exciting airdrop and trading competitions with exchanges. For example, we are doing an exciting campaign with 700,000 MASA token rewards with PancakeSwap. Check them out before rewards run out: https://twitter.com/PancakeSwap/status/1780144522946568214 

Secondly, the core principle at Masa is to empower users to own, share, and earn from their data and compute to train AI applications. We want users to be able to financially benefit from the current AI boom, and we are making it super easy. Go to our data marketplace: https://app.masa.ai/marketplace . You can share your personal data anonymously with Masa and our developer ecosystem to earn MASA token rewards. Rest assured that your data is anonymized and secure, using our cutting-edge zero-knowledge encryption technologies.

Thirdly, in the AI era, Masa is redefining what a node worker is. On Masa Oracle, anyone can easily become a node worker, who contributes compute resources to fulfill data requests from AI developers. In return, you earn MASA tokens in exchange for your contribution of compute resources.

Currently, there are two easy ways to become a Masa Node Worker:

1. You can contribute compute resources to scrape Twitter data: https://developers.masa.finance/docs/masa-oracle/twitter-worker  
2. You can contribute compute resources to scrape web data: https://developers.masa.finance/docs/masa-oracle/web-worker  

Check out these guides and be an early adopter to earn MASA token rewards.

**[Q5] What’s next for Masa? What are the exciting developments on your near term roadmap?** 

ALPHA ALERT! Excited to drop some more ALPHA to the Pancake community.

First of all, we are super excited to bring $MASA to the Base blockchain. Masa is one of the first developers to deploy on Base Mainnet in early 2023 and we have built a sizable Base community. Excited to bring our decentralized AI data network to the Base ecosystem.

Secondly, we are about to introduce a Staking program to the community. Staking is a very important way to build a long-term, loyalty community around a token, and Masa is excited to introduce generous yields of MASA token staking.

Thirdly, the Masa Oracle Incentivized Testnet is on the horizon. Anyone can become a Masa node worker to earn MASA tokens, as I shared above.

All these exciting announcements will come out in the next few weeks. We are excited to build one of the most active communities in web3 and decentralized AI.

### Live Q&A Session

**Q1: With the mission of building a decentralized artificial intelligence data network, what specific solutions and applications is Masa aiming for that could potentially change how we use and interact with data in the future?**

Ans: Everyone can be a data contributor, earning when your data is used to train AI models. The core principle at Masa is to empower users to own, share, and earn from their data and compute to train AI applications. We want users to be able to financially benefit from the current AI boom, and we are making it super easy. Go to our data marketplace: https://app.masa.ai/marketplace . You can share your personal data anonymously with Masa and our developer ecosystem to earn MASA token rewards. Rest assured that your data is anonymized and secure, using our cutting-edge zero-knowledge encryption technologies.

Everyone can be a node worker, earning when your compute resources are used to train AI models. On Masa Oracle, anyone can easily become a node worker, who contributes compute resources to fulfill data requests from AI developers. In return, you earn MASA tokens in exchange for your contribution of compute resources.

Currently, there are two easy ways to become a Masa Node Worker:
1. You can contribute compute resources to scrape Twitter data: https://developers.masa.finance/docs/masa-oracle/twitter-worker  
2. You can contribute compute resources to scrape web data: https://developers.masa.finance/docs/masa-oracle/web-worker  

Check out these guides and be an early adopter to earn MASA token rewards.

**Q2: What is the current distribution of $MASA governance token  among early investors, developers, and the public, and how will the $MASA token's supply and demand scale with the number of active users?**

Ans: We are very transparent with our tokenomics and token distribution. The current distribution amongst early stakeholders can be found on our Medium blog: https://medium.com/masa-finance/an-overview-of-masa-token-economics-9cf7c55f5348. We also published the information when we had a record-breaking, 17-minute CoinList sale on March 7: https://coinlist.co/masa. 

We allocated 10% to community rewards, 4% to Masa Oracle staking rewards, and 20% to ecosystem growth. These funds are able to support the exciting development of the Masa ecosystem. To reiterate, there are different ways to participate in the Masa ecosystems and earn MASA Tokens. 

Go to our Data Marketplace. Farm your data to earn MASA: https://app.masa.ai/marketplace
Run a node for Masa. Contribute your compute resources to earn MASA: https://developers.masa.finance/docs/masa-oracle/twitter-worker  

Join our developer community. We have allocated $100,000 MASA to early developers: https://medium.com/masa-finance/masa-unveils-decentralized-ai-developer-ecosystem-2899cb97247d 

COMING SOON: We are about to unveil our exciting staking program and Masa Oracle Incentivized Testnet. You will be able to stake your MASA tokens to earn generous yields via both programs. 

### **MASA Quiz!!**

The MASA team prepared a few questions in a form. Users had to fill their public wallet address (not your private keys), Answers and Telegram/Discord username. Some lucky users who answered all correct have received a reward!

If you want to participate in this kind of events, follow up in our social channels to find out when the next AMA will be!

**Final Words from MASA**
Thank you everyone for joining us today, it was a pleasure to answer your questions and I hope to see some of you guys in the XCAD chats in the future! If you want to learn more about MASA, don’t hesitate to check our website / join our chats and ask questions!

That’s all from AMA! It was a very informative Q & A session.

Keep an eye on our socials to don't lose any of this events!

The Chefs 🐰

AMA with MASA

We're thrilled to announce an exciting trading competition with Masa. In this competition, you can trade MASA tokens on PancakeSwap to win exciting prizes. Trade on BNB Chain or Ethereum to showcase your trading skills and compete for a guaranteed share of 700,000 MASA tokens ($190,000)!

- **Campaign Duration:** From April 16, 08:00 AM UTC to May 11, 23:59 UTC

- **Eligibility:** Trade MASA tokens on either the BNB Chain or Ethereum PancakeSwap

- **Total Prize Pool:** 700,000 MASA tokens

#### **How to Win:**

#### **Part 1: Trade MASA to share guaranteed 170,000 MASA Rewards ($46,000)**

Trade a minimum of $100 worth of MASA tokens on either BNB Chain and/or Ethereum PancakeSwap to get a guaranteed share from a pool of 170,000 MASA tokens. All the users who meet this criteria will equally split the pool.

- Swap MASA on BNB Chain PancakeSwap here: https://pancakeswap.finance/swap?chain=bsc&outputCurrency=0x944824290CC12F31ae18Ef51216A223Ba4063092

- Swap MASA on Ethereum PancakeSwap here: https://pancakeswap.finance/swap?chain=eth&outputCurrency=0x944824290CC12F31ae18Ef51216A223Ba4063092

#### **Part 2: Top the leaderboard to share from 460,000 MASA ($126,000)**

The top 100 users based on the total trade volume on BNB Chain and Ethereum during the campaign will be ranked on the leaderboard to win a share of 500,000 MASA tokens.

_Rewards will be distributed based on rank as follows:_

**Rank 1:** 75,000 MASA

**Rank 2:** 60,000 MASA

**Rank 3:** 50,000 MASA

**Rank 4 and 5:** 25000 MASA each

**Rank 6 to 10:** 10,000 MASA each

**Rank 11 to 20:** 5000 MASA each

**Rank 21 to 50:** 2500 MASA each

**Rank 51 to 100:** 1000 MASA each

The higher your trading volume, the higher your rank, and the greater your reward. Keep trading to aim for the top spot on the leaderboard. Check out your rank in the leaderboard here: **https://dune.com/pancakeswap/pancakeswap-masa-finance-dollarmasa-trading-campaign**

#### **Part 3: Participate in AMA to share 70,000 MASA ($18,000 )**

Participate in an exclusive AMA with Masa to learn more about MASA and the trading competition. Participate in quizzes, ask questions, and engage for a chance to win a share of 70,000 MASA tokens. Stay tuned on our socials for more details.

**About MASA:**
[Masa](https://www.masa.finance) is the leading decentralized AI data and LLM network. Users can own, share, and earn from their data and compute to power AI applications. Ahead of Mainnet Launch, Masa has already amassed over 1.4 million unique users, 48,000 node operators, and over 40-million data points.

**Terms and Conditions:**
- Trading volume includes both buy and sell volume.

- You can swap MASA tokens on both the BNB Chain and Ethereum PancakeSwap; volume from both chains counts towards your total volume but must be performed under the same wallet address.

- You can make multiple trades; your total cumulative volume will be considered in the leaderboard.

- Rewards will be distributed within 2 weeks after the campaign ends.

- All rewards will be distributed in MASA tokens on the BNB Chain.

**Disclaimer:** This campaign is not an endorsement of any specific coin. Please trade cautiously.


We're thrilled to announce an exciting trading competition with Masa.

Join the MASA trading competition on PancakeSwap to win 700,000 MASA

Good afternoon PancakeSwap community and CAKE holders!🐰

On April 12th, we held an AMA to discuss the PancakeSwap Q2 Roadmap for 2024! 

Chef Mochi, Chef Gyoza, and Chef Momo were answering questions from the community for over forty minutes! Also, our beloved Chef Bun couldn't make it, but Mochi firmly had his back!   

In case you missed it, you can either read this recap or watch the stream here: **https://www.youtube.com/watch?v=qerTianOWIA** 

If you want to attend these events, activate notifications for PancakeSwap's social media channels!

### **Opening Words**

Chef Mochi🐰: Hey community, welcome to the Q2 roadmap AMA and thanks for taking the time to chat with us. Were any of you surprised by some of the products we launched last quarter? We have a new RPG game with really nice graphics for PCS and our NFT community, and we even launched an options platform. Now on PCS you can join in the r/wallstreetbets fun by trading options on ETH and ARB. Q2 is shaping up to be more and more improvements for our platform, as well as the continued development of v4. I hope all of you are excited and let's answer any of the burning questions you might have.

### **Pre Collected Questions**

**Q1: Is Quest Web3 a product that could generate revenue, or is it just for Pancake's own use**

**Chef Gyoza 🐇:** At the start, it'll be used to host PancakeSwap campaigns and fun user quests. This will allow the kitchen to understand how our users would like to engage with the Quest platform. Moving forward, we're looking to expand this product to feature more partners

**Q2: There is an overhaul of the PancakeSwap website. What has changed in the UI and UX?**

**Chef Mochi🐰:** We are reworking the site to enhance accessibility and accommodate our new products. On the UI/UX front, we recently updated the veCAKE staking page. Now, all stakers can easily see the individual staking APR, revenue sharing APR, and vote incentive rewards—if they vote on a gauge with incentives—directly from the staking page.

We're also updating the UI to make providing liquidity more intuitive and to reflect that PCS has expanded to multiple chains. In the future, this update will enable users to easily view all pools and farms across all chains.

**Q3: Does Cross-chain veCake mean the possibility of locking Cake on other chains?**

**Chef Bun 🥟:**  The Crosschain veCAKE deployment primarily focuses on bringing the veCAKE benefits like yield boosting bCAKE and IFO iCAKE to networks other than Bsc. With PancakeSwap being more present on different blockchains, it makes sense for us to extend the benefits to all the networks for our veCAKE users. That said, users will still lock CAKE on Bsc but with the option to bridge the veCAKE balance as well as the benefits to other chains

**Q4: How will TWAP and limit order work? Will it generate revenue for Pancake and be cost-effective for traders?**

**Chef Bun 🥟:** Our latest TWAP and LIMIT feature is a welcome update to the previous limit order V2, which only supports our V2 liquidity. The new version now supports all PancakeSwap DEX liquidity types with more features like TWAP, allowing users to break large trades into smaller ones to minimize price impacts or apply advanced trading strategies like DCA (dollar cost average). All of these will help users to save on trading costs. And, more importantly, to save time. As for revenue, we don't have any additional fee for this product for now, as we mainly focus on getting things right with the Orbs team. But we believe this product has many potentials to bring in revenue and ultimately benefit our veCAKE holders.

**Q5: What is the new trading venue for DEX? PCSX? More source of liquidity? how it impact revenue and veCAKE?**

**Chef Bun 🥟:** We see liquidity getting more and more transparent these days, with many new aggregation protocols on top of AMM DEXs. As PancakeSwap, our goal has been to work hard on new products that provide users with a better trading experience, whether it is deeper liquidity, a more comprehensive range of token options, or the convenience of trading any tokens you want on whatever network you want. We are not overly concerned about affecting our revenue stream. We believe as long as we have a solid product, there are many ways to extract benefits and apply them back to the CAKE holders who staked with veCAKE.

**Q6: Some plan to better APR in Simple Staking beside multichain?**

**Chef Gyoza 🐇:** We are constantly exploring other ways to provide simple staking solutions that increase APR and add liquid staking pairs for users looking for liquid staking. A possible way to offer higher APRs is to feature tokens from chains outside BNB Chain, eg. DOT and SOL, which are higher APR tokens.

**Q7: What are the next steps for v4?**

**Chef Momo 💻:** We are working to optimize the codebase to benefit from gas savings and finalize features such as on-chain farming. This will be followed by a code freeze and extensive audit this quarter.

The focus will also be to develop a hook ecosystem our users could benefit from after launch. This will involve building a dev community and executing our developer grant program. 

**Q8: I think v4 needs a lot of work and I got why it is on the roadmap. We will have just developer things or something to users in this quarter?**

**Chef Momo 💻:** This quarter will be focused on building. We are refining the codebase further and putting together all other supporting components such as FE, Routing, etc. v4 will be available to the users in Q3.

**Q9: Are you going to participate in some physical event this Q?**

**Chef Fran 🎙️:** If you have joined our v4 event in London, i hope you had fun with our chefs and got some nice photos with our bunny. But, yes, we are looking into some events for Q2. As always we are only looking into events that relate to our audience, and so far we have seen some interesting one's in Europe. If you have any events that you would like the chef's to attend, don't be shy and shoot us a DM or drop a msg on our socials anytime and let us know.

**Q10: Is there any other affiliate in the pipeline?** 

**Chef Mochi 🐰:** We are speaking to several teams. However, there has yet to be a timeline for the next affiliate. As mentioned in the governance proposal, we plan to work with three affiliate teams this year.

**Q11: When Mancake is going to start working on Mantle?** 

**Chef Mochi 🐰:** Please refer to the voting proposal. The detailed timelines for deployment are there.

**Q12: What's your opinion about the regulation problem we're seeing in the market? Can PancakeSwap be affected?** 

**Chef Mochi 🐰:** We are aware of the developments and closely follow how regulation might affect DeFi in the future. At the core AMM level, the smart contracts are not upgradable nor permission, so PancakeSwap's v2,v3, and v4 AMMs will always continue, regardless of how future regulations might develop.

### **Live Questions**

**Q1: Which type of tokens will be listed on the liquidity book pools on Pancakeswap v4?**

**Chef Momo 💻:** In the liquidity book pools on PancakeSwap v4, we do not have a specific preference for the types of token pairs, whether they are pegged pairs or non-pegged pairs. Each type of pair benefits from Liquidity book pool type. We aim to maintain an open approach, meaning the kitchen does not favor any particular types of tokens for listing. We welcome a diverse range of tokens to accommodate the varied interests of our users. 

**Q2: How come we got no IFO in the last year, except for the Cakepie one, which was a cIFO? Is there any plan to have one in the next period?**

**Chef Mochi 🐰:** Let me provide some context regarding the launchpad landscape over the past few months. Firstly, over the last year, we have committed to launching only high-quality projects, refusing to lower our standards for any project that didn't meet our stringent criteria. This commitment is one reason for the reduced frequency of IFOs and cIFOs.

Additionally, in the last four to five months, there have been two significant trends affecting our approach. One noticeable trend is the shift towards protocols opting for airdrops instead of traditional launchpads. This shift means that many projects no longer need to raise funds through IFOs, as they can launch their projects and distribute tokens via airdrops.

Furthermore, many projects are now securing funding through private funding and venture capital. This has led to a scenario where IFOs, traditionally used for public fundraising, are less necessary as projects choose either venture capital funding or private rounds over public offerings.

Consequently, with more sources of capital available and many projects not requiring public funding in this market cycle, the availability of prospects for high-quality IFOs have somewhat diminished. We do not wish to compromise our standards just to increase the number of IFOs. Our priority is to ensure that any IFO we launch meets the high-quality standards our community expects.

Despite these challenges, the recent cIFO for Cakepie was very successful. Looking ahead, we hope to replicate this success with similar high-quality IFOs tailored to our users' needs and expectations.

**Q3: There are already developed hooks for Uni v4. How hard would it be to replicate them into PancakeSwap v4?**

**Chef Momo 💻:** While the architecture of PancakeSwap v4 differs from that of Uniswap v4, it is relatively easy to migrate hooks, especially for the CLAMM pool type. However, for other pool types, such as the Liquidity Book, more significant changes are required. We have provided examples of hooks for both types of pools in our Github repository. For more details and examples, please refer to our repository.

**Q4: What's your opinion on the SEC's situation with Uniswap. Do you think this could have an impact on us? If so, what measures have you taken to mitigate such a situation in the future?**

**Chef Mochi 🐰:** We are deeply concerned about the news that Uniswap has received a Wells Notice from the SEC. We believe that DeFi and DEXes generally provide a valuable platform, enabling projects and tokens to be listed in a permissionless manner for users seeking access. It's important to note that the situation with Uniswap is still at an early stage, as a Wells Notice is merely a preliminary notification of enforcement, and the specific complaints remain undisclosed. At this point, I will reserve further comments until more information becomes available.

Regarding the potential impact on us, our smart contracts will continue to operate in a permissionless fashion. We remain committed to adapting our strategies as necessary. The deployed contracts themselves are immutable. We are dedicated to protecting CAKE token holders, liquidity providers, and traders as much as possible. While the exact nature of the formal complaints against Uniswap has not been clarified, we are prepared to make any necessary adjustments, especially if future developments require changes unrelated to our fundamental principles of DeFi. 

### **Closing Words:**

**Chef Mochi 🐰:** As always, PancakeSwap continues to build! This roadmap is very clear. PancakeSwap v4 is the priority, along with some other upgrades mentioned in the roadmap. Once again, stay tuned! Many announcements about what we're working on are coming out very soon. Thanks everyone for participating!

Thanks again for coming today!

_The Chefs_


Missed the AMA with the Chefs? Check out the recap here! 

PancakeSwap Q2 Roadmap AMA

We are thrilled to announce the integration between **[PancakeSwap](https://pancakeswap.finance)** and **[Aperture Finance](https://www.aperture.finance)** to automate LP management. With this integration, users can leverage AI-powered intent-based LP management tools to optimize liquidity provision on PancakeSwap v3 pools across Ethereum and BNB Chain. Users can effortlessly automate their PancakeSwap liquidity positions (LPs), optimizing capital efficiency and minimizing the complexities associated with manual management. To celebrate the launch, there will be an APTR airdrop for PancakeSwap users; read on to learn more.

#### **What Does This Integration Mean for PancakeSwap and Aperture Finance?**

Through this integration, users can seamlessly add liquidity to PancakeSwap v3 liquidity pools on Ethereum and BNB Chain through Aperture, with the added benefit of managing their LPs through Aperture's advanced intent-based LP management tools. Likewise, PancakeSwap users can effortlessly manage their existing v3 liquidity positions with Aperture.

#### **The INTENTional Campaign: Participate in the Airdrop from Aperture**

To celebrate this integration, Aperture is offering a healthy bootstrapping of points for PancakeSwap users! 

- Any address that has LPed on BNB Chain or Ethereum PancakeSwap in the last 12 months (after 11 April 2023, ~00:00 UTC) +4,200 points

- Any address that has performed at least 1 swap on BNB Chain or Ethereum PancakeSwap in the last 12 months (after 11 April 2023, ~00:00 UTC) +2,100 points

- Snapshot was taken on 11 April 2024, around 00:00 UTC

In addition to this initial bootstrapping of points, all actions or transactions for LPs or swappers on PancakeSwap via the Aperture Dapp will receive a 3X boost on points compared to the same actions on other DEXes. For example - zapping into an LP via Aperture on PancakeSwap will generate 3X points compared to the same action on Uniswap.

The INTENTional campaign allows participants to qualify for a total airdrop pool of 42M $APTR, equal to 4.2% of the total supply. Check out more details about the INTENTional campaign **[here](https://medium.com/@aperturefinance/the-intentional-campaign-7-3307e91af884)**.

#### **How to get started with Aperture Finance**

_**For existing PancakeSwap v3 LP holders:**_ Connect your wallet to **[Aperture Finance](https://app.aperture.finance/?chainId=56)** by selecting “PancakeSwap'' and the desired chain (Ethereum/ BNB Chain). Then, navigate to the "Liquidity Positions" section to view and manage your LPs with Aperture’s tools.

_**For a new LP through Aperture Finance:**_ Connect your wallet to **[Aperture Finance](https://app.aperture.finance/?chainId=56)**. Select PancakeSwap as a DEX and your desired chain (Ethereum or BNB Chain) to add liquidity on. Follow the prompts to add your LP with advanced tools. Check out this **[guide](https://blog.pancakeswap.finance/articles/how-to-add-remove-liquidity-in-pancake-swap-v3-a-comprehensive-guide)** for broad principles on how to add LP in v3 pools.

#### **Aperture Finance offers a range of advanced features to streamline LP management:**

**1. Automated Position Rebalance:** Set triggers based on price, pool ratio, or time to rebalance LP positions automatically.

_Taking an example for reference (as shown in the screenshot below with an example)_

You can configure your rebalance parameters by selecting from three triggers: price, ratio, or time, and define your desired strategy. For example:

- **Price:** Rebalance when the token is above or below a specific price point (e.g., rebalance when BNB price is above/below $600).

- **Ratio:** Rebalance when a particular ratio is achieved (e.g., rebalance when the BNB-USDT ratio is 50:50).

- **Time:** Rebalance on a scheduled date (e.g., rebalance my BNB-USDT LP on April 20th).

Additionally, you can choose a "time buffer" for price or ratio-based triggers to ensure they only activate after a set period. For example, if you want to rebalance when BNB reaches $600 after the next 24 hours, you can set a 24-hour time buffer. _Please note that all set triggers will automatically expire after 90 days._

You can also establish a gas fee ceiling by specifying the maximum gas fee you're willing to pay, either as a percentage of your position or in dollar terms. For instance, if you anticipate high gas fees at the time of rebalancing position, you can set a gas fee ceiling to trigger rebalancing only when the fee is below a certain threshold, such as 10% of your position.

![Screenshot 2024-04-14 at 19.28.58.png](https://sgp1.digitaloceanspaces.com/strapi.space/02f72c6474a7dbbfeac25c2d8ac07088.png)

_Please note that currently, Aperture only supports LP automation when the LP (represented by an NFT) is in the user's own wallet, not when it is staked in a farm._

**2. Automated Position Closure:** Automatically remove LPs positions based on predefined criteria such as price, pool ratio, or specific dates. **For example,** if BNB reaches $600, you can withdraw all your liquidity and return the assets to your wallet or at a specified date, such as April 24th.

Similar to the previous feature of Automated Position Rebalance, you can set up triggers for position closure based on pricing, pool ratio, time, and gas ceiling cost.

![Screenshot 2024-04-14 at 19.26.37.png](https://sgp1.digitaloceanspaces.com/strapi.space/a9ed0500b629da5e03ad34c8cfdbe5ac.png)

**3. Auto-Compounding of Fees:** Reinvest fee earnings into LPs at set intervals, maximizing compound returns with optimized gas efficiency. **For example,** you can auto-compound your BNB-USDT LP fees whenever the total unclaimed fee revenue exceeds $100 (50%) and gas costs below $5 (10%).

To enable this feature, click on your position and locate the Auto-Compound button in the “Unclaimed Fees” section. Toggle to the Auto-Compound button and turn it on, then enter the minimum fee amount and maximum gas amount in dollars or as a percentage of your position. Finally, click the “Auto” button to confirm your settings.

![Screenshot 2024-04-14 at 19.43.10.png](https://sgp1.digitaloceanspaces.com/strapi.space/d3309adf8d635664672982fa39c5d300.png)

_Please note_ that Aperture will automatically compound your position at the optimal interval based on fees earned versus gas costs for rebalancing. Additionally, Aperture ensures that 100% of your fees are reinvested back into your position, with swaps performed through the same liquidity pool.

**4. Revenue Earning Limit Orders:** Create revenue-earning limit orders by providing single-sided liquidity at out-of-range prices, earning trading fees when the underlying asset's price crosses your specified price. **For example,** you can set a limit order for your BNB, selling it when the price hits 900 USDT to earn 900 USDT plus the trading fee.

To use this feature, navigate to the “Limit Orders” section and select PancakeSwap. Choose the asset you want to sell and the asset you want to buy. Specify the price you want to sell, and set a gas ceiling in dollars or as a percentage of the order. In our example below, you would sell BNB when the price reaches 900 USDT, then swap it to USDT and get 900 USDT and fees. Click 'set limit order' to complete the process.

![Screenshot 2024-04-14 at 19.52.22.png](https://sgp1.digitaloceanspaces.com/strapi.space/250bb56a85731648b7388a277144f88f.png)

_Please note_ that you must approve PancakeSwap's use of these tokens if you haven't already. After approval, Aperture will automatically close the position once your limit order has hit and the selling asset has been fully converted to your desired buying asset.

#### **Ushering a new era of liquidity management on PancakeSwap:**
Now, you can effortlessly rebalance, closeout, or auto-compound your liquidity positions based on price, ratio triggers, or predetermined time frames without constantly monitoring the markets. Manage all your PancakeSwap LPs with just a few clicks—let Aperture Finance do the heavy lifting for you!

If you have more questions, please join the respective communities of PancakeSwap ([**Telegram**](https://t.me/PancakeSwap) or [**Discord**](https://discord.gg/xBkMJdRJ)) and Aperture Finance (**[Telegram](https://t.me/aperture_finance)** or **[Discord](https://discord.com/invite/cWHQFH3GTz)**). Additionally, check out the Aperture documentation for detailed guides: **https://docs.aperture.finance/docs**

**About Aperture Finance**

Aperture Finance is a pioneering platform revolutionizing liquidity pool (LP) management through intent-based automation. Powered by innovative AI technology and a user-centric design philosophy, Aperture offers advanced solutions to streamline LP management and maximize returns for DeFi participants.

**About PancakeSwap**

PancakeSwap is the leading multichain DEX on BNB Chain, Ethereum, Aptos, Polygon zkEVM, Linea, Arbitrum, zkSync Era, Base, and opBNB. Launched in 2020, PancakeSwap is one of the most popular DEXs in the cryptocurrency industry due to its low transaction fees, high-speed trading, and user-friendly platform. PancakeSwap has over $740 billion in total trading volume and over $2.3 billion in total liquidity locked, making it the leading multichain DEX in the industry.














We are thrilled to announce the integration between PancakeSwap and Aperture Finance to automate LP management.

PancakeSwap Integrates with Aperture Finance: Streamline Your Liquidity Management with AI-Powered Intents and Join the APTR airdrop

### Data Recap
#### Overall
- Total Volume: $44.8B
- Average Daily Volume: $1.4B
- Unique Traders: 2.6M
- Unique Onsite Users: 5.3M
- Web3 Wallet — Onsite Users: 109K
- Web3 Wallet — Average Daily Users: 8K
- Gaming Marketplace - AVG Daily Users: 6k

#### CAKE
- Total burned: 36.2M CAKE ($143.7M)
- Bought back from the market to burn: $5.8M
- N° of holders: 1,640,421 (MoM 2.05%)
- Effective CAKE Emission Rate: 1.36 CAKE/Block

*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 March

#### PancakeSwap v4: Your DEX, Your Innovation 

![v4.png](https://sgp1.digitaloceanspaces.com/strapi.space/0d14d562a94e0e569dc341d5caf55bbc.png)

Introducing PancakeSwap v4: For Developers, Traders & Every User.

Since the launch of PancakeSwap in 2020, we've achieved remarkable milestones. While PancakeSwap v3 brought improvements, it lacked composability for leveraging PancakeSwap’s liquidity and user base. Additionally, it didn't offer seamless integration for developers and DeFi protocols to create on top of it. 

That’s why we present PancakeSwap v4, a groundbreaking iteration designed to address these challenges head-on. Our codebase is open-sourced, inviting developers to explore and contribute.

This is just an announcement. The DEX is scheduled to launch in the third quarter of this year on Ethereum and BNB Chain, with intentions to expand to additional chains in the future
Hooks, Singleton, Customized Pool Types, Flash Accounting. A lot of new things are coming to the AMM, and we invite you to come and learn how you can contribute to it! We’re also initializing a $500K Developer Program & CAKE Emission grant program, an initiative to empower and support developers in the DeFi ecosystem.

It’s impossible to put into words how this announcement made us feel! We invite you to check our v4 directory to understand PancakeSwap v4 deeply. 

The moon is made of Pancakes! 

#### **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/)

#### ETH Global London: Our first hackathon! 

![ETHLondon Stand.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/db084d462ab0073cf5c46abfcff3796a.jpg)

During ETH Global London, we unveiled the PancakeSwap v4 announcement. Through our keynote presentation and v4 workshop, helmed by the esteemed Chef Momo and Chef Burger, attendees gained invaluable insights into the transformative benefits and challenges accompanying this pivotal change within the PancakeSwap Kitchen and the whole DeFi ecosystem.

The cherry on top of the pancake is that we hold our first hackathon! Developers were tasked with crafting innovative features utilizing our Custom Layer with Hooks, vying for a chance to claim their share of the $10,000 prize pool! 🐰 A discerning panel of judges, comprised of loved PancakeSwap Chefs, faced the arduous challenge of selecting the deserving winners.

We extend our heartfelt gratitude to all those who visited our booth and offered their unwavering support throughout the event's three days.

If you missed out on the excitement, fret not! We've prepared a recap video for your enjoyment, ready to be replayed to your heart's content! https://www.youtube.com/watch?v=UBU9Ui9HZTc

#### March 2024: PancakeSwap's CAKE Burn - New ATH

![March Burn Recap 2024-04-07 23.58.27.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/6a5e3ec6d1684e9bf8c5a4582d777b1a.jpg)

Can you smell the burned pancakes? It’s the smell of deflation 
In March, we burned 1,789,306 CAKE, with…drums please 🥁…-731,042 Net Mint! That marks a new ATH in terms of net mint 🔥

🐰This is the 7th consecutive month of CAKE total supply reduction, with a cumulative -2,103,059 CAKE net mint

Take a look at March’s burn report here 👉 https://blog.pancakeswap.finance/articles/march-2024-pancake-swap-s-cake-burn 

#### Affiliates Initiative: Mancake, the first candidate! 

![mancake proposal.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/56f542875cc1bddce20ee9ae9b3f77ab.jpg)

In February, we presented our Affiliates Initiative to the PancakeSwap Community: To assist the PancakeSwap protocol in being up-to-date with the crypto industry’s developments, the Kitchen intends to invite and, on a case-by-case basis, approve forks of PancakeSwap onto any chains that PancakeSwap is not already deployed on, based on certain principles.

You can refresh your memory about it in this Forum Discussion: https://forum.pancakeswap.finance/t/discussion-on-pancakeswap-affiliates-a-multichain-expansion-strategy/395 

The reception was pretty good, and the valuable feedback was all taken! 

During March, we presented the discussion to launch our First Affiliate DEX initiative on the Mantle network with MancakeSwap! 

MancakeSwap; or ‘Mancake’ - is an affiliate fork of PancakeSwap on Mantle Network. Officially supported by  PancakeSwap and Mantle Network, Mancake provides users an all-in-one service to trade, earn, and own various cryptocurrencies in a trustworthy environment with a user-friendly interface.

The Mancake launch is now on voting stage. 🗳 Read more about the proposal and cast your vote for free here: https://pancakeswap.finance/voting/proposal/0xbf8ac28356bd7ad863c7a1bf9fb66901b44430f274986a4e8793639f8214a747 

#### bCAKE Migration: Attention CAKE Stakers!

![bcake migration banner.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/4f5c3bf7b0969ee1cc1cb62c02a8aba4.jpg)

Starting on April 5th, if you’re staking CAKE on BNB CHAIN v2 Farms, StableSwap, & Position Manager, you must migrate your stakings, to continue earning rewards! 

🔍 See how to Migrate ⤵️
https://docs.pancakeswap.finance/products/yield-farming/bcake/migration-guide

![bcake migration pairs.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/bfcba7e4c2c6a00b2e8bc5b34d6a5a6f.jpg)
 
🔜More pairs to be added - stay tuned for updates!

#### PancakeSwap x Wormhole Integration

![PancakeSwap x Wormhole.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/165b14cfaa4fa18250d353d9a9683472.jpg)

🥞 PancakeSwap has now integrated Wormhole Connect, allowing seamless token transfers.

🌐 Transfer assets to BNB Chain hassle-free and enjoy uninterrupted access within the app.

🔗 Experience the multichain development with Wormhole Connect. Learn more: https://twitter.com/wormholecrypto/status/1768276001010942444

#### Position Manager: News 

![DefiEdge news.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/3e3fbdc6487fc21cecde099c7c0390cf.jpg)

DeFiEdge’s Position Manager is now on Arbitrum PancakeSwap! Now you can enjoy DeFiEdge’s strategies on the Arbitrum Network! 

Dive into the 8 pairs LP with 80,000 ARB rewards over 6 weeks! Get started: https://pancakeswap.finance/position-managers?chain=arb 

#### New Pools

![Pools Marchpng.png](https://sgp1.digitaloceanspaces.com/strapi.space/5de943954e8883ef8d29afa22c60b7c2.png)

#### New Farms

![Farms March.png](https://sgp1.digitaloceanspaces.com/strapi.space/67361746805a54c48cfea4efbe1f833b.png)

### Still Cooking - Coming Soon!

**DEX: New Trading Venue**

There is always more to do to improve the PancakeSwap user experience. You can never be user-friendly enough! 

For a few months, we have been working on two new features that we believe will significantly improve how tokens are swapped in PancakeSwap and how users interact with the whole PancakeSwap ecosystem. 

Without giving too many details, we want to let you know that we will soon introduce both features together, and you can be part of that presentation! 

Are you interested in trying them out before anyone else? Let us know! 

**v4: Developers focused-activities**

Following the v4 Announcement and the success of our inaugural hackathon, we're thrilled to announce that this is just the beginning of a series of engaging events to come. 

That's right – more activities like these are on the horizon! We're committed to fostering creativity, innovation, and collaboration within our ecosystem, providing developers with opportunities to showcase their talents and push the boundaries of what's possible in decentralized finance. 

Stay tuned for updates and be ready to unleash your creativity in future events. Together, we'll continue to build, innovate, and shape the future of DeFi.

#### Still hungry?
Join us on Twitter , Telegram, in our Discord server, or in our growing Reddit community!

Bon appétit!

_The Chef's 🐰🥞_



PancakeSwap March Recap

We're thrilled to announce an exciting new campaign that adds a flavorful twist to our Fixed-Term Staking product! Dive into our WBNB Fixed staking Combo Rewards campaign, where staking WBNB earns you a shot at a whopping $5,000 extra reward pool plus the regular APR reward.

**Campaign Duration:** From March 26th 1100 AM UTC to April 9th 2024 23:59 UTC

**How to Participate:**

During the campaign period, you need to stake your WBNB tokens for 90 days in the WBNB simple staking pool **[here](https://pancakeswap.finance/simple-staking?utm_source=blog&utm_medium=all&utm_campaign=socials&utm_id=WBNBsimplestakingcampaign)**. By staking, you automatically qualify for our Combo Rewards, giving you the chance to earn from our extra $5,000 reward pool.

**Part 1: Lucky Draw for Stakers ($1,500 USDT)**

- Stake a minimum of 0.1 WBNB for 90 days [**here**](https://pancakeswap.finance/simple-staking?utm_source=blog&utm_medium=all&utm_campaign=socials&utm_id=WBNBsimplestakingcampaign).

- 100 random lucky winners will be selected to win $15 each.

**Part 2: Stake More to Share More Rewards ($3,500 USDT)**

Stake WBNB for 90 days and earn your share from a $3,500 reward pool. Your share depends on the amount of WBNB you stake compared to the total WBNB staked by all new users during the campaign. Here's how it will be calculated:

Your Share = (Your Staked WBNB with 90 days duration / Total Staked WBNB) * Total Reward Pool 

**Example:**

Let's say during the campaign, a total of 1000 WBNB is staked. You stake 100 WBNB for 90 days. Your share would be calculated as:
Your Share = (100 / 1000) * $3,500 = $350

_If you stake WBNB multiple times during the campaign, your total share will be the sum of all the times you staked. For example, if you staked 1 WBNB for 90 days on the first day, then again staked 5 more WBNB midway through the campaign, and then again staked another 10 WBNB at the end of the campaign, your total staked WBNB would be 1+5+10 = 16 WBNB. Your share of the reward will be calculated based on the 16 WBNB so that you can stake it multiple times._

You can track your share of reward here: https://dune.com/queries/3551788/5977009

**How to Stake:**

- Simply stake your WBNB on our platform during the campaign period by visiting this link: https://pancakeswap.finance/simple-staking.

- For a step-by-step guide on how to use Simple-Term Staking, check out this guide: https://docs.pancakeswap.finance/products/syrup-pool/new-cake-pool/fixed-term-staking

**Terms and Conditions:**

- Rewards will be distributed within 14 days after the end of the campaign.

- Only new WBNB staked during the campaign will count for Combo Rewards; existing stakes locked in pools will not be eligible. If your WBNB is already staked in the simple staking pool, those WBNB are not eligible for combo rewards. However, if you want to stake more WBNB during the campaign, then you are eligible for rewards. Only newly staked WBNB are eligible for combo rewards; existing WBNB staked in the pool are not eligible.

Get ready to stake, earn, and win with PancakeSwap's Combo Rewards! Don't miss out on this limited-time opportunity to sweeten your staking journey.

Happy Staking

Chefs


We're thrilled to announce an exciting new campaign that adds a flavorful twist to our Fixed-Term Staking product!

CAKE Total Supply Reduction:

Achieving CAKE Total Supply Reduction through Net Minting:

April Mint Breakdown

April Burn Categories

Proof of Burn for April: