2024-2-23 12:03 |
PancakeSwap, the decentralized exchange (DEX) platform, has announced its plans to launch an affiliates program aimed at expanding its reach across various blockchains and layer-2 networks.
The move is set to provide new opportunities for developers and CAKE token holders alike.
Benefits for Pancakeswap (CAKE) holdersThe introduction of the affiliates program by PancakeSwap marks a significant step towards making the platform more accessible to users across different blockchain ecosystems.
By open-sourcing its DEX code, PancakeSwap enables developers from various networks such as BNB Chain, Ethereum, Aptos, Polygon zkEVM, and others, to create their own versions of the platform. This initiative not only accelerates innovation but also fosters collaboration within the decentralized finance (DeFi) space.
CAKE token holders stand to gain from the success of these affiliate forks. As developers launch new versions of PancakeSwap on different blockchains, CAKE holders will receive native DEX tokens from these affiliates.
Additionally, a portion of the trading fee revenue generated on these affiliate platforms will be allocated to burning CAKE tokens, thereby reducing the token supply. This mechanism incentivizes CAKE holders to actively participate in the affiliate ecosystem and support its growth.
Community-led decision-making for the affiliate programPancakeSwap is committed to involving its community in the decision-making process regarding the affiliates program. Discussions will be held within its DAO to gather feedback and input before formalizing the proposal. This approach ensures transparency and inclusivity, aligning with PancakeSwap’s ethos of community-driven development.
As PancakeSwap continues to expand its presence across multiple blockchains and layer-2 networks, it solidifies its position as a leading DEX in the DeFi ecosystem.
With over $640 billion in lifetime trading volumes and $1.5 billion in total liquidity locked, PancakeSwap remains a prominent platform for decentralized trading and liquidity provision.
With benefits extended to both developers and CAKE token holders, the affiliates program is poised to drive further growth and adoption of PancakeSwap across various blockchain networks.
The post PancakeSwap unveils an affiliates program for developers and CAKE holders appeared first on Invezz
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