Hassan Maishera
On Tuesday, the PancakeSwap team announced in a blog post that the PancakeSwap v3 AMM with liquidity pool is now live on Solana. PancakeSwap v3 introduces Concentrated Liquidity, powered by the CLAMM (Concentrated Liquidity Automated Market Maker) pool structure. This is designed for liquidity providers (LPs) who want maximum capital efficiency. By concentrating liquidity within a specific price range, LPs can boost liquidity depth and potentially earn higher returns, all without having to deploy more capital.
Thanks to this launch, Liquidity Providers (LPs) can now start providing liquidity on Solana PancakeSwap v3 for Solana-based projects such as BONK-SOL, PYUSD-USDT, EURC-USDC, CGPT-USDC, BMT-SOL, ROAM-USDC, POKT-SOL, SKATE-USDC, and more.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down 4.1% today and is currently trading at $2.244
Solana is an integrated, open-source blockchain that synchronizes global information at the speed of light. The network is focused on fast transactions and high throughput to encourage mass consumer adoption of blockchain technology. SOL is down 5% in the last 24 hours and trades at $146.83.
