#PancakeSwap and 1inch Collaborate to Expand Liquidity Pool Access Across BNB Chain and Ethereum

04/24/2023 05:17 • Metaverse Matters • 96 views

On April 24th, PancakeSwap, a decentralized trading platform, tweeted that 1inch has integrated PancakeSwap V3 liquidity pools on BNB Chain and Ethereum, and PancakeSwap’s V2, V3, and Stableswap pools can all be obtained from 1inch.

1 inch has integrated PancakeSwap V3 liquidity pool on BNB Chain and Ethereum

Decentralized trading platform PancakeSwap recently announced that 1inch exchange has integrated PancakeSwap V3 liquidity pools on BNB Chain and Ethereum. This collaboration will expand the liquidity pool access of both platforms, allowing users to seamlessly interact with PancakeSwap’s V2, V3, and Stableswap pools through 1inch.
##What is PancakeSwap?
PancakeSwap is a decentralized exchange platform that operates on the Binance Smart Chain. This platform allows users to trade cryptocurrencies directly from their wallets without the need for intermediaries. PancakeSwap offers several unique features, including yield farming, liquidity pools, and decentralized applications.
##What is 1inch exchange?
1inch exchange is a decentralized exchange aggregator that integrates several decentralized platforms into one user-friendly interface. This platform allows users to compare and trade on multiple exchanges simultaneously, ensuring the best available pricing for their trades.
##PancakeSwap’s V3 Liquidity Pools
PancakeSwap’s V3 liquidity pools provide users with several benefits. These pools automatically adjust pricing based on supply and demand, ensuring that the platform’s liquidity always remains balanced. The V3 pools also offer higher capital efficiency compared to their V2 counterparts, allowing users to trade larger volumes with minimal slippage.
##Why Did PancakeSwap Collaborate with 1inch?
PancakeSwap’s collaboration with 1inch will significantly expand the liquidity pool access of both platforms by allowing users to easily interact with PancakeSwap’s V2, V3, and Stableswap pools through 1inch’s aggregation platform. This integration will improve liquidity and pricing for both platforms by increasing trading volumes and reducing slippage.
##How Will This Partnership Benefit Traders?
This collaboration between PancakeSwap and 1inch will provide several benefits to traders. Firstly, users will enjoy a streamlined experience through 1inch’s platform, making it easier to access PancakeSwap’s liquidity pools. The partnership will also ensure that both platforms remain competitive in terms of pricing and trading volumes, providing users with better trading opportunities.
##Conclusion
PancakeSwap’s partnership with 1inch is an exciting development that will significantly improve liquidity pool access for both platforms. This collaboration will enable users to move liquidity between the BNB Chain and Ethereum effortlessly. The partnership will also improve liquidity and pricing for both platforms by increasing trading volumes and reducing slippage.
###FAQs
Q1. What is PancakeSwap V3?
A1. PancakeSwap V3 is the latest version of PancakeSwap’s decentralized exchange. It provides users with several unique features, including yield farming, liquidity pools, and decentralized applications.
Q2. How does 1inch exchange work?
A2. 1inch exchange is a decentralized exchange aggregator that integrates several decentralized platforms into one user-friendly interface. It allows users to compare and trade on multiple exchanges simultaneously, providing the best available pricing for their trades.
Q3. What are PancakeSwap’s Stableswap pools?
A3. PancakeSwap’s Stableswap pools are liquidity pools that contain stablecoins such as USDT, BUSD, and DAI. These pools automatically adjust pricing based on supply and demand to ensure that the platform’s liquidity remains balanced.

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