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DEX Partners With Trust Wallet to Offer $10K in Rewards
Hey there, Ethereum! The chefs at PancakeSwap have upgraded their recipes for trading, as the Decentralized Exchange (DEX) has integrated Market Makers on the blockchain to improve slippage rates and prices for 20 top tokens.
🔄 What is market maker integration?
— PancakeSwap 🥞 #Multichain (@PancakeSwap) February 15, 2023
The MM integration is an additional source of liquidity to the existing Automated Market Maker to help traders enjoy better liquidity, the lowest pricing on 20 popular ERC20 tokens (including APE, STG and LDO) while trading on Ethereum PCS.
To celebrate the launch, PancakeSwap is partnering with Trust Wallet to hold a raffle and trading contest with a combined 10,000 $USDC prize pool.
According to a Medium post from Chef Oreo: “The Market Maker (MM) integration provides an additional source of liquidity to the existing Automated Market Maker (AMM) to help traders enjoy better liquidity, pricing and the best trading experience.”
But what about BNB Chain? The PancakeSwap team hinted on Twitter that Market Makers also may soon come to the DEX’s home chain, too.
👀be careful of what you wish for
— PancakeSwap 🥞 #Multichain (@PancakeSwap) February 17, 2023
What is PancakeSwap:
PancakeSwap is a Decentralized Exchange built on BNB Chain and available multichain on Ethereum and Aptos. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools. In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.
What is Trust Wallet:
Trust Wallet is a noncustodial multi-crypto wallet app that gives users full control over their digital assets, from cryptocurrencies to non-fungible tokens (NFTs). As the official crypto wallet of Binance, it currently supports 65 blockchains, such as Bitcoin, Ethereum, Tron and Ripple. It also supports over 8 million crypto assets plus access to decentralized apps (dApps). The Trust Wallet app is free to download on Android, IOS, and also via PlayStore or AppStore. It has a simple, straightforward, and interactive user interface, which has helped the platform accrue over 10 million active users.