- PancakeSwap integrates with Coinbase’s Layer 2 network, Base, in a DeFi ecosystem expansion.
- PancakeSwap plans to maintain emission levels while utilizing the “Multichain Warchest” allocation.
- Base ecosystem’s role as an Ethereum Layer 2 platform aims to alleviate congestion on the Ethereum mainnet, offering benefits to users.
In an interesting turn of events in the DeFi ecosystem, PancakeSwap has announced its integration with Base, a Coinbase L2 network. PancakeSwap also announced its commitment to providing user-friendly DeFi experiences to users worldwide. Let’s take a look at what this novel expansion entails.
The platform has announced that it will not be increasing emissions; rather, it plans to draw from the “Multichain Warchest” allocation. PancakeSwap also announced that there’s an initial set of farms that will receive a total of 0.015 CAKE/block. These include WETH/USDCbC, which will get a 40x multiplier; cbETH/WETH, that will get a 10x multiplier, DAI-USDbC that will receive a 3x multiplier; and WETH-DAI, which will also get a 3x multiplier.
The platform has announced an endeavor to highlight new farm requests before the launch, but given the confidentiality and competitiveness notion, it also requested flexibility in distributing farm emissions to potentially high-impact pairs.
The Base Ecosystem
In all this fiasco, the Base ecosystem’s role as an Ethereum Layer 2 platform is crucial to be discussed. The platform’s mission is to alleviate congestion on the Ethereum mainnet. Following its successful launch and seamless integrations, users have been able to enjoy several benefits.
As the DeFi ecosystem continues to develop and thrive, users can rest assured that better days are coming. With these collaborations, one can expect an outstanding future awaiting users.