PancakeSwap version 3 (v3) has expanded to the Lina mainnet, a blockchain built by Ethereum development lab Consensys, in an effort to draw in new users and increase revenue. PancakeSwap is already available on Ethereum, BNB Chain, Aptos, Polygon zkEVM, zkSync Era, and Arbitrum. The deployment follows a successful testnet phase, allowing traders to trade tokens with lower fees and improved capital efficiency.
Lina, formerly known as ConsenSys zkEVM, utilizes zero-knowledge proofs with full Ethereum Virtual Machine (EVM) computing to provide faster transaction speeds and reduced gas costs without compromising on security. EVMs refer to a set of virtual computers in which all Ethereum accounts and smart contracts live. A zero-knowledge proof is a way of verifying the validity of a transaction without publicly revealing data of that transaction.
PancakeSwap v3 on Lina introduces advanced Swap and Liquidity Provision functionalities, offering users a smooth and efficient trading experience. Liquidity providers—the entities who provide capital on a DEX—can maximize their capital efficiency by concentrating their assets within specific price ranges where most trading occurs. They can also achieve a capital multiplier of up to 4,000x, leveraging their locked token holdings and generating much higher returns during periods of market volatility.
PancakeSwap is expected to bring its farm feature to Lina in the coming months, which will allow users to stake their LP tokens and earn PancakeSwap’s native CAKE tokens, said the team.