PancakeSwap issued an article introducing PancakeSwap v4, saying that it will solve the shortcomings of the current AMM, including the inflexibility of the asset pricing model, the lack of CEX-level execution functions, the permanent loss of liquidity providers, and the high on-chain costs for users. Gas fee.
In addition, PancakeSwap has launched a $500,000 developer program to encourage innovation, creativity, and collaboration within the developer community through growth events, hackathons, a developer ambassador program, and the CAKE Emissions Grant Program.
As part of the CAKE Emission Grant Program: PancakeSwap will allocate CAKE Emissions to developers building hooks and other promising solutions on PancakeSwap v4.
PancakeSwap v4 is scheduled to be officially launched on Ethereum and BNB Chain in the third quarter of this year.
The new version offers a number of key features:
- Hooks: Externally deployed contracts can be integrated to enhance the functionality of exchanges and liquidity pools. These contracts can implement dynamic fees, order types, custom oracles, and more.
- Custom Liquidity Pool Types and Donations: Supports multiple pool types, including CLAMM and Liquidity Book, and introduces donation functionality to reward liquidity providers.
- Singleton and Flash Accounting: Integrate all liquidity pools into one contract, significantly reduce deployment costs, and reduce Gas consumption through batch settlement.
- Open Source License: PancakeSwap v4 will be released under an open source license, encouraging developers to innovate and collaborate freely.
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