Decentralized crypto exchange PancakeSwap [CAKE] has announced a new partnership that would enable its users to access
With the new liquidity pool and yield strategy, PancakeSwap could well be on its way to attracting more users. But this would also depend on the sentiment toward the development.announced a new partnership that would enable its users to access single-asset deposit vaults and optimize their assets for high-yield risk-adjusted returns.. BNB Chain is fully known as the “Build N Build” Chain. As the second-largest Layer-1 ecosystem, the chain facilitates cross-chain transactions and interaction.
In an exclusive press release sent to AMBCrypto, PancakeSwap noted that users can earn additional rewards with the update. The project noted that, When activity increases on these liquidity pools, the DEX volume on the BNB Chain may surge to high levels like it did in May. Also, PancakeSwap whichhas a stronghold on the metric. It could also be largely difficult to surpass, as shown by the Dune AnalyticsHowever, there is one area where the development can help PancakeSwap recover. That is in terms of the Total Value Locked . The TVL is a DeFi metric used to measure the total value of assets locked or staked in a protocol.
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