Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Dexzon on April 27, 2021, 04:15:02 AM
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Recently I did a trade on this Dex exchange and saw information about the system upgrade on a smart contract, namely pancakeSwap V2 which starts on April 23, 2021, from the information I saw that Liquidity pool providers are expected to migrate to pancakeSwap V2, this is done to get New LP Tokens.
Why is an upgrade to the PancakeSwap V2 smart contract system necessary? This leads to a cost structure, incentives, and a security operational system.
Why do we need to migrate?
The current PancakeSwap Router and PancakeSwap Factory contracts are not upgradeable. This means that, at present, we can’t do awesome things like adding additional incentives by changing the existing fee structure. Oh, and we’ll also be taking this opportunity to ramp up our operational security.
So, we need to adjust the fee structure just a little… but by how much, you decide!
Take a look at the options below and don’t forget to vote!
Please note — The distribution to CAKE holders is intended to help better spread the returns out across different incentives.
CAKE that is staked in the farm or syrup pools will NOT receive the distribution of the fee rewards.
(https://i.imgur.com/ep8A4Nk.png)
Since this PancakeSwap V2 information came,Cake prices have increased by 53% in 7 days, and I think PancakeSwap V2 will continue to push Cake prices closer to $40 in the next few days.
Do you currently hold Cake tokens, if so congratulations because your portfolio is currently rising and if you have old LP tokens, you should migrate according to the procedures in this article https://pancakeswap.medium.com/the-great-migration-vote-4093cb3edf23
Other informasion about pancakeSwap V2 : https://pancakeswap.medium.com/emission-reductions-to-do-list-and-pancakeswap-v2-20a0f9b46464