TechFlow news — PancakeSwap has released details about PancakeSwap v4, aiming to address current AMM shortcomings such as inflexible asset pricing models, lack of CEX-grade execution capabilities, impermanent loss for liquidity providers, and high on-chain gas fees for users.
In addition, PancakeSwap has launched a $500,000 developer program to encourage innovation, creativity, and collaboration within the developer community through growth initiatives, hackathons, a developer ambassador program, and a CAKE emissions grant program.
As part of the CAKE emissions grant program: PancakeSwap will allocate CAKE emissions to developers building hooks and other promising solutions on PancakeSwap v4.
PancakeSwap v4 is scheduled to officially launch on Ethereum and BNB Chain in the third quarter of this year.
The new version introduces several key features:
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Hooks: External deployed contracts can be integrated to enhance swap and liquidity pool functionalities. These contracts enable dynamic fees, order types, custom oracles, and more.
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Custom liquidity pool types and donations: Supports multiple pool types including CLAMM and Liquidity Book, and introduces donation functionality to reward liquidity providers.
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Singleton and Flash Accounting: Consolidates all liquidity pools into a single contract, significantly reducing deployment costs and lowering gas consumption via batch settlement.
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Open-source license: PancakeSwap v4 will be released under an open-source license, encouraging developers to freely innovate and collaborate.
