PancakeSwap Announcements

🔔 Updates for Ethereum Position Managers 1. "wstETH-ETHx (RANGE#5)" holders, time to migrate to keep earning CAKE! 👉 https://pancakeswap.finance/migration/bcake?chain=eth 2. "WETH-rswETH (BRIL#5)" will start distributing CAKE following the latest gauge voting results. 📅 Both activities kick off on June 8, at 18:00 UTC. Stay ready and maximize your rewards!

Don't settle for $3B when you can reach far beyond! Our BNB Chain v3 trading volume has soared from $3.23B in May last year to an impressive $8.13B with 150k daily users last month. The sky's the limit.

🔥May CAKE Burn Report: 👨‍🌾Minted: 1,022,532 🔥Burned: 1,251,083 📉Net Mint: -228,551 🔻% of total supply burned: -0.059% 🐰This marks the 9th consecutive month of CAKE total supply reduction, with a cumulative -2,803,620 CAKE net mint https://blog.pancakeswap.finance/articles/may-2024-pancake-swap-s-cake-burn

🔥May CAKE Burn Report: 👨‍🌾Minted: 1,022,532 🔥Burned: 1,251,083 📉Net Mint: -228,551 🔻% of total supply burned: -0.059% 🐰This marks the 9th consecutive month of CAKE total supply reduction, with a cumulative -2,803,620 CAKE net mint https://blog.pancakeswap.finance/articles/may-2024-pancake-swap-s-cake-burn

We deeply appreciate all the feedback on our RFP to LayerZero: https://x.com/PancakeSwap/status/1799006291555418120. This proposal provides us an opportunity to explain our rationale behind the distribution and emphasize the contributions of those who support PancakeSwap, which also benefits LayerZero. Here are detailed answers to frequently asked questions. FAQ 🧵 1. Why allocate 45% to CAKE holders? This allocation rewards CAKE holders for their loyalty and support. It incentivizes continued engagement and investment in PancakeSwap. Additionally, many CAKE stakers are also active LayerZero (L0) users. Between Dec '22 and Feb '23, PancakeSwap contributed 1-5% of daily LZ messages and up to 30% on high-volume days, showing our significant role in LayerZero's growth. 2. Can you justify how the proposal prioritizes L0 users? The 'Protocol RFP' proposal is the first step in the TGE distribution process. It allows each project to establish its own allocation standards. Projects with OApp, OFT, or ONFT contracts on the mainnet before Snapshot #1 are eligible to submit proposals, with over 200 submissions so far. We believe LayerZero users are also PancakeSwap users, fostering a mutually beneficial relationship. 3. Why allocate 3% to people who used the bridge? Allocating 3% to bridge users acknowledges their essential role in facilitating cross-chain transactions and ensuring interoperability within the ecosystem. 4. Has PancakeSwap been partnering with LayerZero for bridging? Yes, PancakeSwap has been partnering with LayerZero for bridging since 2022. This partnership enables CAKE token bridging through PancakeBridge, using LayerZero's OFT technology to ensure seamless transactions. 5. How does PancakeSwap help the development of LayerZero? PancakeSwap showcases multichain capability improvements through LayerZero, demonstrating the versatility of our CAKE token as an Omnichain Fungible Token (OFT). This enhances LayerZero's ecosystem with increased utility. 6. Will CAKE holders on exchanges receive the airdrop? CAKE holders on exchanges will receive the airdrop if the exchanges participate in the distribution. We are coordinating with exchanges to ensure eligible holders benefit. 7. When and how will they receive the airdrop? After approval, the airdrop will be distributed based on the proposal’s implementation plan. This typically involves snapshots and direct distribution to eligible holders. 8. How much does PancakeSwap contribute to the ecosystem with this partnership? Since partnering with LayerZero, PancakeSwap has facilitated over 264,000 transactions, allowing users to move CAKE across deployed blockchains. We've collaborated with multiple OFT protocols, including STG, USDV, CANTO, and PEPE, building robust multi-chain liquidity and broadening platform access. 9. How important is the incentive of PancakeSwap operators and traders for LayerZero? Incentivizing PancakeSwap operators and traders is crucial for expanding our user base, increasing transaction volumes, and enhancing liquidity across LayerZero’s ecosystem. This active participation is vital for network growth and operational efficiency. 10. When will we know the final decision from LayerZero? We do not have the final decision timeline yet. As soon as it becomes available, we will promptly communicate it to the community. Thank you for your continued support and understanding. For more, please read: https://commonwealth.im/layerzero/discussion/22856-pancakeswap-rfp

😌Ending my week by achieving the number 1 position for 24H Volume on zkSync Era 👉Source https://defillama.com/dexs/chains/zksync%20era

🤔Wondering how to Farm on Aptos PancakeSwap? 📺 Watch the video tutorial here https://youtu.be/NqWiMyHErrY?feature=shared 🤩Pro tip: We are running several campaigns that offer DUAL farming incentives and BONUS APY - learn more here https://blog.pancakeswap.finance/articles/boost-your-rewards-explore-pancake-swap-s-new-campaigns-and-features-on-aptos

Don't settle for $3B when you can go so much beyond! Our BNB Chain v3 reveals its trading volume has soared from $3.16B last May to an impressive $8.13B with 150k daily users last month. The sky's the limit.

🔐🛡️Learn how to safeguard your asset with top tips and our security measures. Stay safe and trade smart on PancakeSwap and all DeFi platforms:https://blog.pancakeswap.finance/articles/de-fi-security-protecting-your-assets-on-pancake-swap

🔮 We’ve teamed up with Allora Network to bring you an AI-powered prediction market on Arbitrum! 🎯 Predict on ETH every 20 minutes, and more while earning Allo Points and $ARB. 📢 Stay tuned for more updates! https://x.com/PancakeSwap/status/1798705035800715763