Decentralized Exchange PancakeSwap to Reward $CAKE Stakers with Millions in Trading Fee Revenue

In an ambitious move to incentivize its stakers popular decentralized exchange (DEX) PancakeSwap ($CAKE) is set to disburse a share of its trading fee revenue amounting to millions of dollars to CAKE token stakers.

Timeline of Pancakeswap

PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), is set to share a portion of its trading-fee revenue with stakers of its native token to enable them to earn more rewards. The Revenue Sharing Pool (RSP) initiative will see Fixed-Term CAKE stakers receive 5% of the trading fee revenues from all PancakeSwap v3 pairs with 0.01% and 0.05% fee tiers on a recurring and weekly basis.

One of the largest DEXes in crypto is initiating a game-changing liquidity initiative for its community. Now, generous rewards are available not only on "incentivized" pools but for all CAKE stakers as well.

PancakeSwap has recently announced its integration with ZkSync Era network for its V3, highlighting a new wave in the evolution of smart contract development via ZK-rollups. As one of the leading decentralized exchanges, PancakeSwap's alignment with ZkSync Era could foster a substantial enhancement for the DEX.

In a significant development for the DeFi sector, PancakeSwap, the leading decentralized exchange (DEX) on the Binance Chain, has announced its launch on zkSync Era, an Ethereum Layer 2 network. This move is set to enhance the scalability and efficiency of the DEX, offering users reduced gas costs and faster transaction times.

Decentralized Exchange (DEX) PancakeSwap (CAKE), has announced the launch of PancakeSwap v3 on zkSync Era, a Layer 2 scaling solution that promises to deliver improved scalability, efficiency, and cost-effectiveness to its users. According to the announcement, with the popularity of ZK rollups increasing and users and builders increasingly looking to L2 solutions, PancakeSwap is thrilled to offer users and developers even more reasons to build and trade on its DEX.

PancakeSwap, a leading decentralised exchange (DEX) platform with over $1.52 billion in total locked-value, is seeking the community's vote on whether to support the upcoming IFO of decentralised stablecoin protocol Sable Finance. Sable Finance is built on the BNB Chain, and its Beta will utilise BNB collateral.

After a week-long decline, CAKE's price increased by more than 4% in the last 24 hours. A possible reason for the latest uptrend could be PancakeSwap's integration with Google Cloud.

The price PancakeSwap (CAKE), has surged in the last 24 hours following a partnership between PancakeSwap and Alphabet Inc's (NASDAQ: GOOGL) Google Cloud. The partnership is aimed at ensuring the availability and reliability of the infrastructure of the decentralized exchange platform.

PancakeSwap (CAKE) partners with Google Cloud to achieve high availability and faster operations. Since then, CAKE has hit the fourth spot on top gainers today with a 3.8% price increase in the last 24 hours.

PancakeSwap (CAKE), a decentralized trading platform, has partnered with Google Cloud to ensure the availability and reliability of its infrastructure. As the demand for decentralized finance (DeFi) grows, PancakeSwap aims to offer users a user-friendly platform to trade their assets without intermediaries.