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PancakeSwap Proposes MancakeSwap to Become an Affiliate DEX

Twitter icon  •  Published 2週間前  •  Hassan Maishera

The Pancakeswap team announced via X on Monday that it has submitted a proposal seeking to make MancakeSwap an affiliate decentralized exchange (DEX) on Mantle.

The Pancakeswap team announced via X on Monday that it has submitted a proposal seeking to make MancakeSwap an affiliate decentralized exchange (DEX) on Mantle. This proposal aligns with Pancakeswap’s desire to expand its presence in the crypto ecosystem.

As part of this collaboration, the Kitchen will provide co-marketing and technical support to Mancake. Furthermore, Mancake will allocate 3% of its supply to Pancakeswap, and Pancakeswap will distribute one-third (1%) to veCAKE stakers while an additional 3% of Mancake's supply will be allocated to veCAKE stakers. Finally, Mancake will pay Pancakeswap 60% of all deployed product revenues monthly.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by 2% today and is currently trading at $4.004.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.