PancakeSwap has just unveiled “PancakeSwap Infinity,” a major rebrand and upgrade to its DEX as CAKE price records a slight 3,5% uptick.
According to an official announcement, PancakeSwap (CAKE) has rebranded PancakeSwap v4 to PancakeSwap Infinity. Initially launching on BNB Chain, PancakeSwap Infinity plans to expand to other blockchains in the future.
The rebrand rolls out with a major upgrade, which introduces several technical improvements intended to improve trading experience and liquidity provision.
First off, the update includes support for multiple liquidity pool types, enabling liquidity providers to choose between concentrated liquidity and simpler models based on their strategies. Currently, PancakeSwap Infinity supports CLAMM (Concentrated Liquidity AMM) and LBAMM (Liquidity Book AMM).
Source: PancakeSwap’s blog
Additionally, PancakeSwap Infinity gives liquidity providers the ability to fully control their fee structure, unlike previous versions that had fixed fee tiers. Providers can now choose between static fees, which remain constant, or dynamic fees, which can be adjusted based market conditions and liquidity conditions.
Source: PancakeSwap’s blog
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Other improvements include significantly reduced gas fees, with pool creation costs lowered by up to 99%, and swaps involving native tokens like Ethereum (ETH) and Binance Coin (BNB) now requiring about 50% less gas compared to ERC-20 tokens.
The platform also introduces “Hooks,” external contracts that allow developers to implement custom features, such as dynamic fees and trading discounts.
Meanwhile, PancakeSwap’s native token CAKE is trading at $2.12, up by 3.15% in the past 24 hours. It is currently trading above both 20-day EMA and 50-day SMA. Momentum is neutral with a slight bullish bias, with RSI at 51.36.
Source: TradingView
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