***Blog Updated as of 30th September, 2025**

As part of our ongoing efforts to streamline PancakeSwap and focus on long-term, sustainable products, **[Perpetual V1 (Orderbook)](https://perp.pancakeswap.finance/en/futures/BTCUSDT)** will be officially discontinued. This move allows us to allocate more resources to core offerings like **[Perpetual V2 (Onchain)](https://pancakeswap.finance/perp/v2/BTCUSD?theme=light&chain=bsc)**, delivering a faster and more seamless trading experience for the community.

Please carefully review the **updated timeline and required actions below** to ensure a smooth transition and avoid potential loss of funds.

# Key Changes & Timeline

## Starting July 25, 2025, at 05:00 UTC

1\. **Reduce-Only Trading Mode Activated**
- **[Perpetual V1 (Orderbook)](https://perp.pancakeswap.finance/en/futures/BTCUSDT)** will enter Reduce-Only mode.
- You will only be able to close or reduce existing positions via the PancakeSwap interface.
- Opening new positions will no longer be supported.

2\. **Deposits Disabled**

New deposits into Perpetual V1 (Orderbook) will be disabled through the PancakeSwap interface from this time forward.
    
## [UPDATED] By October 30, 2025, at 00:00 UTC

1\. **Withdraw All Funds**
- All users **must withdraw their funds** from **[Perpetual V1 (Orderbook)](https://perp.pancakeswap.finance/en/futures/BTCUSDT)** before this deadline.
- Afterward, **[Perpetual V1 (Orderbook)](https://perp.pancakeswap.finance/en/futures/BTCUSDT)** positions will no longer be visible or accessible through the PancakeSwap interface
- PancakeSwap Interface support for Perpetual V1 will be **permanently removed without further notice**.

2\. **End of Trading Support**
- All trading features for **[Perpetual V1 (Orderbook)](https://perp.pancakeswap.finance/en/futures/BTCUSDT)** will be disabled on PancakeSwap.
- The product **will be considered deprecated** and users are strongly encouraged to **close their positions and withdraw funds in advance.**

## [UPDATED] After October 30, 2025, at 00:00 UTC

1\. Users can continue to manage remaining positions and withdraw funds at: **[https://www.apollox.finance/en/futures/BTCUSDT](https://www.apollox.finance/en/futures/BTCUSDT)**
- ApolloX is a **third-party platform** and is not operated or managed by PancakeSwap.
- We **strongly encourage** all users to: Close open positions and Withdraw all funds via the **[PancakeSwap interface](https://perp.pancakeswap.finance/en/futures/BTCUSDT)** before **October 30, 2025, at 00:00 UTC**
- Any remaining positions or unclaimed funds after this deadline must be managed through **[ApolloX](https://www.apollox.finance/en/futures/BTCUSDT)**. PancakeSwap will not be liable for **any risks, losses, or issues** encountered on external platforms.

# Perpetual V2 (Onchain) Remains Active

This change **does not affect [Perpetual V2 (Onchain)](https://pancakeswap.finance/perp/v2/BTCUSD?theme=light&chain=bsc)**, it remains fully operational and available for trading as usual.

We appreciate your understanding and continued support. If you have any questions or need assistance, please reach out via our community channels on **Telegram, X (Twitter), or Discord.**

The Chef's

As part of our ongoing efforts to streamline PancakeSwap and focus on long-term, sustainable products, Perpetual V1 (Orderbook) will be officially discontinued.

Action Required: PancakeSwap Perpetual V1 (Orderbook) Will Be Discontinued

When you provide liquidity on PancakeSwap, your position only earns fees while the price stays inside the range you set - and prices move overnight. Drift out of range while you're asleep and your position earns nothing until you fix it.

That's why we teamed up with BNB Chain: now you can build an autonomous AI agent that trades on PancakeSwap and runs any strategy you want, even while you sleep.

## What we cooked up with BNB Chain

BNB Agent Studio is live, and you can now build an AI agent that trades on PancakeSwap from a single prompt. Describe what you want inside Cursor or Claude Code, and Studio scaffolds the code, sets up the wallet, gives the agent an onchain identity, and deploys it to BNB Chain - no stitching together a wallet, identity, payment rail, host, and AI model from five different vendors.

We teamed up with the BNB Chain team so these agents land on PancakeSwap ready to trade. Our V3 pools and farms are permissionless smart contracts, so an agent calls them directly - the same way the app does. Nothing to integrate, no permission to request. If you can describe a strategy, you can ship an agent that runs it for you.

Describe the strategy, and Agent Studio writes the agent.

---

## What your agent can actually do

Point an agent at PancakeSwap and it can:

- Rebalance liquidity - watch a V3 position and re-center the range as the price moves, so it keeps earning fees instead of drifting idle.
- Chase the best yield - track CAKE rewards and trading fees across pools and shift liquidity to wherever the total return is highest.
- Route swaps for best execution - quote across V2 and V3 through the Smart Router and settle at the best available price.

Here's what that looks like in practice.

Say you've added CAKE liquidity with a range set around $1.28–$1.36, with CAKE trading at $1.32. Overnight it runs to $1.42 - your position is now out of range and earning zero. A rebalance agent catches it the moment price nears the edge, pulls the liquidity, and re-mints a fresh range centered on the new price. You wake up still earning fees, having touched nothing.

And it funds itself. When its AI credits run low, it tops up its own balance over the x402 protocol, settled in stablecoins on BNB Chain - so an agent you deploy today is still running next week with no intervention from you.

---

## For the builders

This is where it gets fun. We've shipped two things to get you from zero to a live agent fast:

- [Building Trading Agents on PancakeSwap V3](https://docs.pancakeswap.finance/trading-tools/building-trading-agents-on-pancakeswap-v3) - the full developer guide. Every contract address, the safe order to call them in, the guardrails that keep an unattended wallet out of trouble (slippage, deadlines, scoped approvals, atomic multicalls), and a complete worked example: an automated V3 range rebalancer.
- [Reference Agent](https://docs.pancakeswap.finance/trading-tools/building-trading-agents-on-pancakeswap-v3/reference-agent-order-intents-settlement-agent) — Order/Intents Settlement Agent - an example ERC-8183 agent designed to fulfill swap intents by routing through PancakeSwap aggregation and delivering the token straight to the requester. Scope, allowlist, and guardrails all spelled out.

Under the hood, Agent Studio gives every agent an on-chain identity via ERC-8004 and a task interface via ERC-8183, so other agents can discover and call yours. It's all open standards - nothing about your agent is locked to a single vendor.

## You stay in control

An autonomous agent signs and sends real transactions with no human in the loop — so it's built to be safe by default. Every agent runs with guardrails: slippage limits, short deadlines, approvals scoped to the exact amount, and atomic multi-step actions.

Get started: install the BNB CLI with curl -fsSL studio.bnbchain.org/install | sh, then read the [Agent Studio quickstart](https://docs.pancakeswap.finance/trading-tools/building-trading-agents-on-pancakeswap-v3/reference-agent-order-intents-settlement-agent) and our [Building Trading Agents on PancakeSwap V3](https://docs.pancakeswap.finance/trading-tools/building-trading-agents-on-pancakeswap-v3).

---

Agents that trade, rebalance, and earn on PancakeSwap without constant monitoring are here. Go build one.

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

Stack'em,

The Chefs 🥞

We teamed up with BNB Chain so you can build an autonomous AI agent that trades on PancakeSwap and runs any strategy you want.

Any Strategy You Want, Running While You Sleep | PancakeSwap x BNB Agent Studio

Moving from a centralized exchange (CEX) to a decentralized exchange (DEX) doesn’t need to feel complicated. This guide is the quick version: get a wallet, add funds, connect to PancakeSwap, and make your first onchain swap with ease.

If you already know how to buy, sell, and withdraw on a centralized exchange (CEX), you're closer to using PancakeSwap than you think. The whole move comes down to four steps: get a wallet, send your funds over, connect, and swap. This guide walks through each one, plus what's worth knowing before you start.

---

**Why Bother Moving at All**

On a CEX, the exchange holds your crypto for you. That's simple, but it also means you're trusting someone else to hold your funds, follow your withdrawal request, and more.

On PancakeSwap, a DEX, you hold your own funds in your own wallet. You connect your wallet directly and trade, earn, or explore new tokens with nothing in between you and the chain. This is self-custody: you hold the keys, you hold the funds, and you hold the responsibility that comes with that.

**Step 1: Set up a self custody wallet**

Install a trusted wallet, create or import your wallet, and store your recovery phrase somewhere secure. PancakeSwap currently supports all the industry-leading wallets, includingMetaMask, Trust Wallet, Binance Wallet, Coinbase Wallet, OKX Wallet, and more so you can use what you already have or grab a new one in a couple of taps.

Your wallet is what you’ll use to hold funds and connect to PancakeSwap.

**Step 2: Move funds from your CEX**

Go to your exchange's Withdraw page, paste your wallet address, and **select the matching network** (e.g. BNB Smart Chain / BEP-20). Start with a small test transfer if you're new to moving funds onchain. Withdrawals usually land within a few minutes once the network confirms.

*Always double check the network and the first few characters of your address before sending. Onchain transfers can't be reversed.*

**Step 3: Connect to PancakeSwap**

**Head to**  PancakeSwap (pancakeswap.finance), connect your wallet, and choose the network where your funds arrived. Once connected, you can swap tokens directly from your wallet - no account, no sign-up, no waiting

**Step 4: Explore DeFi at your own pace**

**Once you're set up, there's a lot more than swapping on offer at PancakeSwap**

- **Swap** thousands of tokens directly onchain, with MEV protection available to guard your trades
- **Earn** by staking CAKE or providing liquidity to earn a share of trading fees and extra incentives
- **Explore** the wider menu - perpetuals, tokenized equities and new launches on CAKE.PAD

#### **A few habits worth keeping**

Self-custody puts you in control, and it's worth protecting that control with a few simple habits: never share your recovery phrase with anyone, reach PancakeSwap through the official address, or a saved a bookmark, or by typing the URL yourself rather than clicking links from DMs or ads, and test new addresses or apps with a small amount before committing more.

A note for EU users: Under the EU’s MiCA framework, some centralized platforms are adjusting or pausing certain services for users in the region. As a non-custodial DEX, PancakeSwap lets you keep trading onchain from your own wallet — no regional account needed. The steps above work the same wherever you are.

*This guide is for educational purposes only and is not financial advice. Onchain activity carries risk, always do your own research. You are responsible for verifying every link, address, and contract you interact with.* 

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

Stack'em,

The Chefs 🥞

A fast and easy guide to self-custody DeFi

How to Move from a Centralized Exchange to PancakeSwap

bStocks just landed on PancakeSwap. Starting **June 12**, you can trade **bStocks** - tokenized U.S. securities - directly onchain through PancakeSwap. Enjoy 24/7 trading with no market hour restrictions, near-instant transaction settlement, and put your bStocks to work across the DeFi ecosystem.


## **What are bStocks?**

bStocks are tokenized U.S. securities as BEP-20 tokens, live on BNB Chain and directly available on Binance.  bStocks are 1:1 backed by a U.S. share and verifiable via [**the Proof of Collateral page here**](https://www.binance.com/en/proof-of-collateral/bstocks), every token is a digital representation of a real-world share.  

5 stocks are supported at launch:  **Tesla (TSLAB) , Nvidia (NVDAB), Circle (CRCLB), Micron (MUB) and Sandisk (SNDKB)**, with more on the way. 


## **Why trade bStocks on PancakeSwap:**

- **No market hour restrictions, 24/7.** No closing bell. Trade when you want.
- **DeFi composability:** Put your bStocks to work across the DeFi ecosystem, all while continuing to earn dividends on the underlying stock.
- **Onchain and Self custodial.** Because these are issued as BEP-20 tokens, you have full custody.
- **Familiar and fast.** Subsecond transactions settlement, same PancakeSwap experience you already know, now with equities in the mix.

## **How to trade bStocks on PancakeSwap**

Trade bStocks directly through our regular Swap interface, OR, get the full view on our new Tokenized Stocks Terminal [**here: https://pancakeswap.finance/stocks**](https://pancakeswap.finance/stocks) 

1. Visit PancakeSwap's **tokenized stock terminal page** [**here: https://pancakeswap.finance/stocks**](https://pancakeswap.finance/stocks)  or click “Stocks” in navigation bar
2. Select the **bStocks** category under the search bar on the left
3. Connect your wallet and get trading!

![bstocks (1).png](https://sgp1.digitaloceanspaces.com/strapi.space/dd6ece32a3e288ef4bad3d197c761577.png)

***Disclaimer:** bStocks is not available in all regions. Trading involves risk, including possible loss of value, and nothing here is financial, investment, or legal advice - do your own research.*


Stack'em,

The Chefs 🥞

You can trade bStocks - tokenized U.S. securities - directly onchain through PancakeSwap.

bStocks Are Live on PancakeSwap

# 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

## **May CAKE Burn Recap**

May closed with 33 straight months of net CAKE supply reduction and continued deflationary momentum.

More than -51,046,024 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**

**New PancakeSwap Perpetuals is live** - it’s simple enough for your first trade (via Simple Mode), and powerful enough for your best one (via Pro Mode). With our new Perps’ brand new engine powered by Aster, full order book, 200x leverage, and one tap trades on Simple Mode, Perps has never been easier. Try it out here: *[here](https://pancakeswap.finance/perps)**  

**Meet Chef AI 👨‍🍳, your AI-powered guide to everything PancakeSwap, on our new  FAQ page.** Ask anything about PancakeSwap from LP to Infinity to Perps, and get an answer, powered by AI. Check it out **[here](https://faq.pancakeswap.finance)**

**PancakeSwap has now integrated Hypernative’s Platform to detect exploit-level threats in real time across our AMM infrastructure**, adding another layer to our security stack. Check out the full announcement **[here](https://www.hypernative.io/blog/pancakeswap-deploys-hypernative-to-monitor-smart-contracts-across-multichain-dex-operations?utm_source=x&utm_medium=organic_social&utm_content=pancakeswap-main)** 

**xStocks are now live on Ethereum via PancakeSwap X**, which means you can trade tokenized RWAs gas-free, with MEV-protection, and with better prices. Access it **[here](https://pancakeswap.finance/stocks)** 


**Finding hooked infinity Pools just got easier.** On the Earn (LP) page, simply sort by hook type in the new “Pool Feature” heading. Discover them **[here](https://pancakeswap.finance/liquidity/pools?chain=bsc&type=1&network=56&network=1&network=8453&network=204&network=324&network=59144&network=42161&network=143&network=8000001001&sort=hookAddress%3A-1)** 

## **🌐 Ecosystem**

**PancakeSwap has crossed 5M+ traders on PancakeSwap Infinity in May**. That’s 5 million traders getting the most out of every swap with better pricing, and tighter execution.

**CAKE was added to Binance’s Proof of Reserves (PoR).** The PoR mechanism allows anyone to check that their user assets are backed 1:1, check it out **[here](https://www.binance.com/en/proof-of-reserves)**  

**Users can now trade STRCon with zero fees,** the latest addition to our lineup of 250+ tokenized RWAs on BNB 

**apxUSD and apyUSD are live on PancakeSwap,** swap or add liquidity to earn yield on the first dividend-backed stablecoin protocol with Apyx

## **🥞 Dishes Served Hot**

**The Solstice (SLX) Trading Competition went live on May 26, and ends on June 9.** With over 275,862 up for grabs, trade SLX pairs on PancakeSwap to win up to $1,000. Details  **[here](https://blog.pancakeswap.finance/articles/pancakeswap-solstice-trading-competition)**  

**Flip into yield with fresh pools and stablecoin yields** you won’t find elsewhere, with our incentivized pools on Base, via Incentra. Check it out  **[here](https://incentra.brevis.network/?chainid=8453&type=3&status=4)** 

**Weekly boosted APRs on selected Monad Liquidity Pools** to provide liquidity and stack yield  **[here](https://pancakeswap.finance/liquidity/pools?chain=bsc&network=143)** 

**GITLAWB-WETH pool** is incentivized with CAKE from PCS and USDC from gitlawb, distributed via Merkl, check it out  **[here](https://app.merkl.xyz/opportunities/base/PANCAKESWAP/0x5648e39Edcb7eFeAfEB17aAD90Eb53e9eBbbE656)**  


## **🌍 Community**

**PancakeSwap’s latest community meetup co-hosted with Base Indonesia took place in Jakarta, Indonesia on May 8.** The community scored PancakeSwap merch, met with fellow Base builders, and left with new alpha. 

🇯🇵**PancakeSwap’s new Japanese Ambassador,**  **[x.com/MaturiCrypto](x.com/MaturiCrypto)** , joins our global ambassadors team!


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: May 2026

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.