Hello PancakeSwap community,

PancakeSwap is excited to share the news of our latest partnership with DefiEdge! DefiEdge offers a range of LP management options for our users. In this article, we'll walk you through how to apply their Automated Liquidity Optimization (ALO) strategies to various trading pairs, making your liquidity provision on PancakeSwap v3 more straightforward. Now, let's discover how to optimize your earnings according to your risk preference with this advanced strategy.

Moreover, to mark our integration, liquidity providers using the DefiEdge strategy will receive additional CAKE and MATIC rewards for the next two weeks (more details below)! Seize this chance to enhance your returns!

## **About DefiEdge Vaults**

DefiEdge is a permissionless, innovative on-chain asset management protocol designed to revolutionize how liquidity is provided in DEX. By focusing on concentrated liquidity in DEX, DefiEdge provides users with sophisticated tools for managing positions, rebalancing portfolios, monitoring performance, maximizing yield, and streamlining the investment process.

![image1.png](https://sgp1.digitaloceanspaces.com/strapi.space/485c8adb11f605e151a2ee59940c07da.png)

The Automated Liquidity Optimization (ALO) by DefiEdge is designed to adjust liquidity positions dynamically in response to market fluctuations. ALO bolsters protocol performance and significantly uplifts community yields, its strategic rebalancing of liquidity ranges, driven by market dynamics and technical indicators like support and resistance levels, ensures optimal fee APR and profitability for liquidity providers. ALO stands to transform the DeFi experience by increasing yields, minimizing risks, and simplifying user interactions.


## **How DefiEdge’s strategies work on PancakeSwap v3**
![alo-2.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/ea975fb1462b24a06ba88eb4e8542f49.jpg)

**DefiEdge’s Automated Liquidity Optimization (ALO) strategies consist of multiple ranges within a single strategy. The aim is to maintain a 50-50 position to maximize the active liquidity. The primary range aims for higher concentration, while secondary ranges aim for a balance in the 50-50 distribution of the token pairs of the pool.**

The strategy adjusts its ranges based on market volatility and directional trends. The strategy automatically rebalances itself when its trigger is hit for its “Support and Resistance Levels”. It aims to maximize fees while minimizing the strategy's Impermanent Loss (IL). Henceforth providing a truly automated experience to the Liquidity Providers.

**How to use Position Manager on PancakeSwap with DefiEdge'’s Strategies:**

1\. Visit our Position Manager Page.
![Screenshot 2023-12-08 at 6.36.02 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/1649a46cdecb9f3628f0be0847b5fa31.png)

2\. In this case, we'll choose the pairs marked as "managed by DefiEdge'' to try out their strategies.

3\. Once you've chosen the trading pair with its respective strategy, click on the **"Add Liquidity"** tab.
![CleanShot 2023-12-07 at 14.51.33@2x.png](https://sgp1.digitaloceanspaces.com/strapi.space/1f37904d45692ff514bb0dfbaf3b8932.png)

4\. A dropdown will appear displaying the needed deposit token, info about APR, and the management fee for the strategy provider. Specify the quantity of the single token you wish to deposit and then select **"Approve [Token]"**.

![Screenshot 2023-12-07 at 6.28.30 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/f6f2ab1b047d5b6566a4f2e192d4b76d.png)

5\: Review the details once more, and then click "Confirm".
![Screenshot 2023-12-07 at 6.28.40 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/fcc85c0dbbb09ca49b775126f8e63545.png)

## **Exclusive Offer: Extra CAKE & MATIC Rewards for Early Birds!**

To commemorate the introduction of the DefiEdge strategy, we're delighted to announce a special promotion for our community. From 8th 12:00 UTC to 22th December at 12:00 UTC, those who provide liquidity using DefiEdge’s strategies will get to partake in a reward pool comprising 3,500 CAKE & $500 MATIC. We have organized rewards for several vaults across BNB Chain, zkSync Era, Arbitrum, Polygon zkEVM, and Base.


- USDT-WBNB 0.05% (BNB Chain) - $1,000 CAKE
- WBNB-CAKE 0.25% (BNB Chain) - $1,000 CAKE
- USDC-ETH 0.05% (zkSync Era) - $500 CAKE
- ARB-ETH 0.05% (Arbitrum One) - $500 CAKE
- USDC-ETH 0.05% (Polygon zkEVM) - $500 MATIC
- USDC-USDbC 0.05% (Base) - $500 CAKE

Don't let this amazing two-week window pass by to boost your earn. Get started with the DefiEdge strategy now and reap the rewards!

##  **Enhance Your Experience with PancakeSwap's Position Manager**

PancakeSwap's Position Manager is designed to simplify the liquidity provisioning process for LPs, aiming to reduce losses and increase profits. For more details about its features and our collaborations, check out our announcement blog: [https://blog.pancakeswap.finance/articles/pancakeswap-rolls-out-the-position-manager-feature-on-v3](https://blog.pancakeswap.finance/articles/pancakeswap-rolls-out-the-position-manager-feature-on-v3).

Enjoy!
The Chefs


PancakeSwap is excited to share the news of our latest partnership with DefiEdge! DefiEdge offers a range of LP management options for our users.

PancakeSwap Partners with DefiEdge to Launch Position Manager Across BNB Chain, zkSync Era, Arbitrum One, Polygon zkEVM, and Base

In our November 2023 report, we dive into the CAKE token supply management world on PancakeSwap. Learn how PancakeSwap reduces the CAKE total supply through strategic burns and pursuit ultrasound CAKE.

## **CAKE Total Supply Reduction:**
As of December 5th, 2023, PancakeSwap has successfully burned 0.089% of the CAKE total supply for November 2023. To calculate this percentage, we divided the total net mint of -351,962 CAKE by the initial total CAKE supply on October 30th, 2023. This marks the third consecutive month of CAKE total supply reduction, with a cumulative -712,667 CAKE net mint over September, October, and November 2023.

## **Achieving CAKE Total Supply Reduction through Net Minting:**
In November 2023, PancakeSwap achieved a net mint of -351,962 CAKE. This negative net mint indicates that more CAKE tokens were burned than minted during the month.

## **November Mint Breakdown**
- Farms: 661,328 CAKE
- CAKE Syrup Pool: 302,349 CAKE
- Other Product Usage: 119,980 CAKE
- Total November Mint:  1,083,657 CAKE

Please note that we have excluded CAKE mints that directly contribute to burning, calculating the mint based on raw CAKE/block emission (including emission changes over the months) for a precise monthly mint estimate.

## **November Burn Categories**
- Swaps and Perpetual Trading Fees: 1,070,411 CAKE
- Prediction: 201,170 CAKE
- Pancake Protectors: 33,179 CAKE
- Lottery, NFT Market, Profile & Factory: 130,859 CAKE
- Total November Burn: 1,435,619 CAKE

Note: We pro-rate weekly CAKE burns over two months to ensure accuracy. For example, burns occurring at the end of October and stretching into November receive a proportionate allocation between the two months.

## **Proof of Burn for November:**
- November 7: **[Link](https://bscscan.com/tx/0xc68207b9bf6ef58cb4d73e5b95bb4c0468b9897f4721cf5637f6c98bbff97f96)**
- November 13: **[Link](https://bscscan.com/tx/0xfcb72ad067760377ffe03f06f2a718a4350892ab942bfa663b96f9c807bae105)**
- November 20: **[Link](https://bscscan.com/tx/0x641429254be9f521e7a69ffed8da932aa07705013f5a7f95908835436719ea58)**
- November 27: **[Link](https://bscscan.com/tx/0x5d8d4a1eb566cdf3147c99c7fba0210d974d4b9580005837a574b11ef5f7f489)**
- December 4: **[Link](https://bscscan.com/tx/0xc5460ffb7c5797367bf5cb40b203497c0bc205e19f7202bdf561db9a12eaea50)**

In our November 2023 report, we dive into the CAKE token supply management world on PancakeSwap. 

November 2023: PancakeSwap's CAKE Burn

Let's count down to 2024 with the PancakeSwap! We've revamped PancakeSwap's Instagram, and to mark this, we're giving away $500 in USDT to 10 lucky winners. **Show us how you use PancakeSwap creatively as we gear up for 2024.** Whether it's a cool graphic, a fun photo, or an engaging video, let PancakeSwap shine in your daily routine.

## **Here's How to Join:**

1\. Make sure you’re following PancakeSwap on all our social media platforms:

[X(Twitter)](https://analytics.twitter.com/user/PancakeSwap/)

[Instagram](https://www.instagram.com/pancakeswap_official/ )

[Youtube](https://www.youtube.com/@pancakeswap_official)

[Telegram](https://t.me/pancakeswap)

[Discord](https://discord.com/invite/pancakeswap) 

[Reddit](https://www.reddit.com/r/pancakeswap/)

2\: Capture Your PancakeSwap Moment: Get creative with a photo or video showcasing PancakeSwap. Originality counts!

3\: Post on Instagram: Share your creation on Instagram. Remember to set your profile to the public.

4\: Use the Hashtag and Tag Us: Add #PancakeSwap2024 in your caption and tag [@PancakeSwap_Official](https://www.instagram.com/pancakeswap_official/).

5\: Get friends to like your post – more likes increase your winning potential!

6\: Show love to your favorite posts by clicking “❤”. The top 10 posts that gather the most likes will be our winners!


## **Campaign Rules:**

- Each participant's post with the highest likes by the end of the campaign will be considered for the prize.
- One Entry Per Account: Each account is eligible for a single entry, so make it count!
- Keep your account public and follow @PancakeSwap_Official to be eligible.
- The final count of likes will be tallied on December 29th 00:00 UTC.

## **Prizes:**

**- The top 10 most-liked posts will receive $50 in USDT each.**
- Winners will be announced in a special New Year's post on PancakeSwap’s Instagram.




Show us how you use PancakeSwap creatively as we gear up for 2024.The top 10 most-liked posts will receive $50 in USDT each

#PancakeSwap2024 on Instagram: Capture Your PancakeSwap Moment to Welcome 2024

GM, PancakeSwap Community!

We're excited to introduce two transformative features: Gauges Voting and veCAKE, revolutionizing our governance system for CAKE Emissions. This strategic update is designed to empower CAKE holders with increased governance influence, boost liquidity across our pools, and supercharge rewards for CAKE stakers. 

## **Introducing Gauges Voting**

The new Gauges Voting system allows veCAKE holders to influence the distribution of CAKE emissions in essential products like Farms on BNB Chain, Ethereum, and Arbitrum at launch. As a veCAKE holder, you directly impact how CAKE emissions are distributed within each pool - rewarding specific liquidity pools and projects in your favor. The more veCAKE a pool accumulates through Gauges Voting, the more CAKE emissions will be allocated. Hence, liquidity providers (LPs) will earn more CAKE through liquidity mining in the (next) 14-day epochs. 

![cake emission control.jpeg](https://sgp1.digitaloceanspaces.com/strapi.space/4a67d0413b662b111cadf2d2177d5db0.jpeg)

As illustrated above, veCAKE holder can vote for their preferred pool within each Gauge to determine the CAKE Emission allocation. Core Kitchen proposals will govern the allocation between all Gauges, ensuring a balance. Gauges are categorized as “core” and “non-core,” with core gauges controlled by the Kitchen for major LPs like BNB, stables ETH, and BTC.

## **Gauges Types and Characteristics**

![cakeemisison type.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/26bb7fc199fdef35d7e8337a7a67f88c.jpg)

Our first type of Gauge, Emissions Gauges, lets users vote for CAKE Emissions allocation in essential products like Farms on BNB Chain, Ethereum, and Arbitrum at launch. LayerZero seamlessly facilitates the cross-chain bridging emissions. The influence of veCAKE holders' votes plays a pivotal role in determining the weighting of each Emissions Gauge.

Within Emissions Gauges, you’ll find two characteristics:
- Boosted gauges feature vote count multipliers from 1x to 2x to encourage votes and liquidity for important trading pairs.
- Capped gauges have weight limits ranging from 2-20%, promoting fairness in allocation and preventing abuse of the gauge system

For example, consider these scenarios:
- Gauge A has a 2x boost, and Alice and Bob each voted 2 veCAKE. With a 2x boost, the final votes for Gauge A would be calculated as (2 + 2) * 2, resulting in 8 votes.
- Gauge B has a 10% cap and receives 10 VCAKE votes. Meanwhile, all other gauges receive 10 veCAKE as well. Gauge B would have 50% of the final allocation without a cap. However, due to its 10% cap, the final allocation of Gauge B will be restricted to 10%.

![votingexample.png](https://sgp1.digitaloceanspaces.com/strapi.space/9d8b521331824db912c948562a19c878.png)

As an illustration, consider the chart above; the USDT-WBNB BNB Chain pool receives approximately 9.65% of votes from all veCAKE voters. Hence, all liquidity providers within this pool will share 9.65% of the daily CAKE rewards for the next 14-day epoch when the current voting period finishes and results are applied. **It is important to note that each voting epoch determines the emission for the next epoch, and these changes take effect only after the current voting concludes.**

## **Understanding veCAKE: What Sets It Apart**

Participating in PancakeSwap's **[DAO governance](https://pancakeswap.finance/voting)** is now driven by veCAKE, a new vote-escrowed (ve) system separate from vCAKE. veCAKE tokens allow you to vote on PancakeSwap's governance proposal and determine the CAKE Emissions allocations from Gauges Voting. 

![cakestaking.png](https://sgp1.digitaloceanspaces.com/strapi.space/857b5b15e96d6b98b17995a638ac0ab2.png)

It’s important to note that veCAKE cannot be transferred; the only way to obtain veCAKE is by staking CAKE. The maximum lock time is 4 years; the longer you lock your CAKE, the more veCAKE you’ll receive.  Please refer to this **[documentation](https://docs.pancakeswap.finance/products/vecake/how-to-get-vecake)** on how to acquire veCAKE.

![vecakebenefits 1.png](https://sgp1.digitaloceanspaces.com/strapi.space/f04d547ce1f3d560a9249f3afd3d41e6.png)

For veCAKE holders, this opens the doors to exciting benefits:

- Claim CAKE rewards for CAKE Staking and Revenue Sharing **weekly.**
- You can participate in Gauges Voting and results will be concluded and applied every **2 weeks**. For each gauge, you may change your vote decision less frequently than 10 days.
- Claim vote incentives from other protocols through external markets
- Boost CAKE emissions in your favorite pools.
- Boost your CAKE rewards just like bCAKE when providing liquidity to v3, v2, stableswap, or even through position managers sequentially: November 27th, 2023, for BNB Chain v3, followed by BNBChain v2 and Position Managers. 
- Your participation in Gauges Voting depends on your veCAKE balance, which decreases as your lock time shortens. The veCAKE formula is: veCAKE = amountCakeLocked * (remainingLockWeeks / maximumLockWeeks).
- You can add more CAKE and extend your CAKE Staking anytime before your veCAKE position expires.

## **Migration from vCAKE to veCAKE**

![migrate.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/b2d17014b6785c0a3f6831804088e446.jpg)

Say farewell to vCAKE and CAKE Syrup Pool as we usher in the era of veCAKE. As of **19:30 pm (UTC+8), 22nd November 2023,** CAKE Syrup Pool is discontinued and will no longer be distributing rewards. All CAKE staking positions must migrate to veCAKE to continue receiving rewards.  Lock your CAKE tokens in the new veCAKE contract to accumulate veCAKE balances. Please refer to this **[documentation](https://docs.pancakeswap.finance/products/vecake/migrate-from-cake-pool)** for the veCAKE migration guide. 

## **How Can You Participate in Gauges Voting?**

![vecakevoting.png](https://sgp1.digitaloceanspaces.com/strapi.space/0e8c2a3c87cba18bd99e817d18a4e662.png)
 
The first epoch will occur at 00:00 UTC, November 23, 2023, however users will only be able to start voting from 12:00pm UTC, November 27, 2023.  You can add Gauges and/or submit your votes in your preferred pool, directly influencing the allocation of CAKE emissions within each gauge. However, be mindful that your veCAKE balance drops weekly, impacting your voting power. To bolster your influence, consider adding more CAKE or extending the CAKE staking duration - just remember to revote and update your votes manually. Your voting decision persists throughout epochs, allowing you to adjust preferences every 10 days for each gauge.  Each epoch runs for 14 days, and the CAKE Emissions allocation will depend on the total veCAKE votes received from all voters. **It is important to note that each voting epoch determines the emission for the next epoch, and these changes take effect only after the current voting concludes.**

The beauty of this system lies in its exclusivity, as only veCAKE holders can channel CAKE emissions towards the pools where you have stakes, earning additional CAKE emissions as their pools garner more votes, resulting in potential higher APR and increased liquidity. 

## **Introducing Vote Incentives through External Markets**

![votingexternalmarkets.jpeg](https://sgp1.digitaloceanspaces.com/strapi.space/95421924cf70c939d356cf72c169a63e.jpeg)

**Projects** aiming to get more votes and liquidity can offer "vote incentives" in pools through external bridging markets. These vote incentives vary by project and are distributed to their participants via external bribing markets. This will help enhance ROI and simplify liquidity mining for projects.

**veCAKE holders** can opt to receive vote incentives from projects by voting through external bribing markets, creating additional rewards for those engaging in CAKE staking. veCAKE holders can choose freely if they would like to vote through external markets or the PancakeSwap Gauges Voting, vote incentives will only be offered by projects through external markets. **Please note that PancakeSwap does not offer any vote incentives or develop these external bribing markets. Users are strongly advised to conduct their own research, fully comprehend the associated risks, and exercise caution before using any services.**

**Liquidity Providers** holding veCAKE can actively steer CAKE Emissions, maximizing their earnings potential by voting for specific pools. At the same time, **traders** benefit from lower slippage thanks to the deeper liquidity the Gauges system provides.

## **Supercharging Benefits for CAKE Stakers**

![CAKE Stakers.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/ddac266df824d8cb674f157f748c997d.jpg)

CAKE stakers enjoy various benefits with veCAKE, including governance power, deeper liquidity, and vote incentives. CAKE stakers also receive **[bCAKE](https://docs.pancakeswap.finance/products/yield-farming/bcake)**, a Farm boost that can potentially double your CAKE yield, now supercharged to boost every single liquidity staking products on PancakeSwap, including V3, V2, and even position manager vaults, and **[rCAKE](https://blog.pancakeswap.finance/articles/introducing-revenue-sharing-pool)**, entitling you to share in 5% of PancakeSwap’s v3 Trading Fee Revenues from ALL PancakeSwap v3 pairs with 0.01% and 0.05% fee tiers on a recurring and weekly basis.

In simpler terms, you have more influence, rewards, and opportunities to grow. It’s all about Your CAKE, Your Voice.

With the introduction of Gauges Voting and veCAKE, we are entering a new era in PancakeSwap's governance system. We are dedicated to enhancing your experience within our ecosystem. Stay tuned for more exciting developments! If you have more questions about veCAKE and the Gauges Voting mechanism, please check out our **[FAQ](https://blog.pancakeswap.finance/articles/faq-for-ve-cake-and-gauges-voting)** and our **[documentation.](https://docs.pancakeswap.finance/products/vecake)**

Stack’em

The Chef’s

We're excited to introduce two transformative features: Gauges Voting and veCAKE.

 Introducing Gauges Voting and veCAKE: Your Ownership of CAKE Emissions

GM PancakeSwap Fam!

We're excited to unveil our newest and most captivating venture – the PancakeSwap Gaming Marketplace! This is far more than just another feature; it's a significant leap into the exhilarating domain of blockchain gaming, fueled by our community's enthusiasm and the boundless potential of GameFi. After launching our initial game Pancake Protectors in recent months, PancakeSwap is now excited to introduce more games and welcome GameFi developers to become a part of our growing marketplace!

**PancakeSwap Gaming Marketplace**:
[https://pancakeswap.games/](https://pancakeswap.games/)

## **The Milestone of Pancake Protectors**

**[Pancake Protectors](https://blog.pancakeswap.finance/articles/pancake-protectors-is-here-discover-the-power-of-cake-and-perks-for-pancake-squads-and-bunnies)** marks a notable debut in the world of GameFi with PancakeSwap. This creation, brought to life with Mobox, fuses the tower-defense with the competitive edge of player-versus-player (PvP) battles, all while catering to the GameFi community, CAKE collectors, Pancake Squad and Bunnies holders. Attracting over 25,000 players daily at our busiest, the game has shown commendable performance. Such player turnout highlights the opportunities that come from collaborations with game studios and developers, as the kitchen aims to continually improve and expand our gaming initiatives.If you're just starting out or looking to master Pancake Protectors, don't miss our **[comprehensive video guides](https://www.youtube.com/watch?v=--UcFQ64sjY&list=PLdpJSObiTh4AuHIOuX-o3LZlA4fIIweOk)**—they're the perfect starting point to get you game-ready!


## **Get Ready for PancakeSwap Gaming Marketplace**

We're supercharged to roll out the PancakeSwap Gaming Marketplace – the ultimate hub for gamers, developers and community to play , build , and connect ! This is where gaming meets limitless creativity, a place for everyone to belong, no matter which blockchain they champion.. At launch, we will feature our flagship game, "Pancake Protectors", and Binary X's [**"Pancake Mayor" game**](https://blog.pancakeswap.finance/articles/pancakeswap-welcomes-pancake-mayor-to-our-gaming-marketplace), with more to come!

![new Screenshot 2023-11-09 at 7.27.50 PM.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/527d938c125844e6b745f3bc148759d2.jpg)
![Screenshot 2023-11-09 at 7.27.56 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/a320d0edcc9e0a3499618a2ed43e7551.png)

- **Gamers & Community**, Immerse yourself in a diverse array of games all unified under user-friendly interface. Here, you're not just playing games – you're stepping into a vibrant community where you can engage with fellow gamers, exchange strategies, and stay up-to-date with the latest game information . It's more than a platform; it's your gateway to the pulse of gaming culture!
- **CAKE & NFT holders**, most of our games are integrated with CAKE token and NFT, expanding the PancakeSwap ecosystem and giving you more ways to enjoy and benefit from the gameplay. Your love for CAKE just got more rewarding as you dive into game after game.
- **Developers' Hub**, welcome to your new launchpad! Showcase your gaming masterpieces to an enthusiastic audience in the most dynamic DEX arena. With a whopping 1.5 million potential monthly players, your games have the spotlight and audience they deserve. Whether you're just sketching out ideas or polishing a completed project, we're all ears for your proposal and how it can synergize with PancakeSwap.

![Screenshot 2023-11-09 at 7.28.14 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/356022e33af02be53a6474388a4a062e.png)


## **Calling All Game Creators: Ignite Your Imagination at PancakeSwap!**

Hey there, Game Developers! It's your moment to shine in the spotlight of the PancakeSwap Gaming Marketplace. We're extending an enthusiastic invitation to you to join our vibrant voyage into the heart of GameFi. Here's why you should set your sails with us:

- **Design Games to Captivate 1.5 Million Potential Monthly Players**: With PancakeSwap's extensive user base, you can access a vast audience of potential players ready to embrace your creations.Whether your game is already a crowd favorite or it's the next big idea waiting to be unveiled, we're here to amplify your reach. 
- **Bring Your Game to Life on PancakeSwap**: Our platform provides the chance to seamlessly integrate CAKE tokens and NFTs into your games, giving you the freedom to enhance the gaming experience and explore fresh monetization opportunities, without any exclusive commitments to our platform. 
- **Build Games with a Global Brand**: PancakeSwap is a recognized and trusted name in the DeFi space. By building games here, you tap into the reputation and credibility of a global brand.
- **Support Across Ecosystems**: PancakeSwap operates on nine  popular blockchains, providing a welcoming environment for developers from diverse ecosystems. This ensures the broadest reach for your games.
- **User-Friendly UX in DeFi**: Our platform has the most user-friendly experience in DeFi. This ensures that gamers can effortlessly navigate and enjoy your creations.
- **Maximum Security Assurance**: We prioritize the security of developers and players, offering maximum security assurance for all transactions and interactions on our platform.

![Screenshot 2023-11-09 at 7.28.27 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/95d043e9a00b0b8eb5207fb86730622b.png)

## **Play, Build and Connect on PancakeSwap Now**

The launch of the PancakeSwap Gaming Marketplace marks an exciting new chapter in our journey. We invite gamers and developers to join us as we venture into the dynamic world of GameFi. Together, we'll create a gaming ecosystem that's vibrant, innovative, and, above all, incredibly fun. Let's play, build, and connect as we redefine the future of blockchain gaming right here on PancakeSwap.

Happy Gaming!

The Chefs



We're excited to unveil our newest and most captivating venture – the PancakeSwap Gaming Marketplace!

Introducing PancakeSwap Gaming Marketplace: A GameFi Revolution with 1.5 Million Potential Monthly Players

In our October 2023 report, we dive into the world of CAKE token supply management on PancakeSwap. Learn how PancakeSwap reduces the CAKE total supply through strategic burns and pursuit ultrasound CAKE.

## **CAKE Total Supply Reduction:**
As of November 7th, 2023, PancakeSwap has successfully burned 0.086% of the CAKE total supply for October 2023. To calculate this percentage, we divided the total net mint of -337,087 CAKE by the initial total CAKE supply on October 2nd, 2023. This marks the second consecutive month of CAKE total supply reduction, with a cumulative -360,705 CAKE net mint over September and October 2023.

## **Achieving CAKE Total Supply Reduction through Net Minting:**
In October 2023, PancakeSwap achieved a net mint of -337,087 CAKE. This negative net mint indicates that more CAKE tokens were burned than minted during the month.

## **October Mint Breakdown:**
- Farms: 872,031 CAKE
- CAKE Syrup Pool: 424,798 CAKE
- Other Product Usage: 123,999 CAKE
- Total October Mint:  1,420,829 CAKE

Please note that we have excluded CAKE mints that directly contribute to burning, calculating the mint based on raw CAKE/block emission (including emission changes over the months) for a precise monthly mint estimate.

## **October Burn Categories:**
- Swaps and Perpetual Trading Fees: 1,241,847 CAKE
- Prediction: 302,731 CAKE
- Pancake Protectors: 60,740 CAKE
- Lottery, NFT Market, Profile & Factory: 152,596 CAKE
- Total October Burn: 1,757,917 CAKE

Note: We pro-rate weekly CAKE burns over two months to ensure accuracy. For example, burns occurring at the end of September and stretching into October receive a proportionate allocation between the two months.

## **Proof of Burn for October:**
- October 9: **[Link](https://bscscan.com/tx/0x1b66f674809b8bd939f9fe0feaad1a56eaf29d30343ac7cefd74282c1f1b875c)**
- October 16: **[Link](https://bscscan.com/tx/0xc5b75937965236a363ded9d6337f9de48cc4b4f1a4c9cba60328a12aaa8d43c8)**
- October 23: **[Link](https://bscscan.com/tx/0xdddb0c22f09649c9b7675f24d9160b883cccb43b0a9dbcdf01ba8dc5c5a8fff6)**
- October 30: **[Link](https://bscscan.com/tx/0xeed5b7c6a030160206fb4e2e54aa69d5b79172117393e6d3eaf14bf0bc8a3577)**
- November 7: **[Link](https://bscscan.com/tx/0xc68207b9bf6ef58cb4d73e5b95bb4c0468b9897f4721cf5637f6c98bbff97f96)**

In our October 2023 report, we dive into the world of CAKE token supply management on PancakeSwap.

October 2023: PancakeSwap's CAKE Burn

### Data Recap
#### Overall
- Total Volume: $7.1B
- Average Daily Volume: $228.4M
- Unique Traders: 1.4M
- Unique Onsite Users: 2.7M
- Mini Program — Onsite Users: 89K
- Mini Program — Average Daily Users: 4.3K
- Pancake Protectors - Total CAKE Burned: 66K CAKE ($79K)
- Pancake Protectors - Average Daily active users: 13K
- 3 CAKE Staker Reward Pools (Syrup + Simple Staking)

#### CAKE
- Total burned: 48.7M CAKE ($58M)
- Bought back from the market to burn: $2.0M
- Amount of holders: 1,490,091 (MoM 1.31%)
- Effective CAKE Emission Rate: 1.45 CAKE/Block

*As our emissions and burn data are calculated and grouped by weeks, not months, the statistics above may not one-to-one reflect our “monthly burn”, and only serves as a guideline. For more information on our burns, please refer to our weekly burn post on our social channels.

#### 🍽✅ Served In October

#### Road to Ultrasound CAKE: Hop in the deflationary journey!

![CAKEburn.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/ca3edf36bb61743379ad4f1f38dedbf6.jpg)

On our road to a deflationary CAKE, the following modifications were made during the month of October:

📢 CAKE Pool Emissions Update: The final effective CAKE pool emissions have been reduced from 0.5 to 0.35 CAKE per block, as per the original voting proposal for CAKE tokenomics v2.5.
Also, the new monthly burn report is ready to show you how we’re improving in emission vs inflation data! 

Take a look at October’s burn report here 👉https://blog.pancakeswap.finance/articles/october-2023-pancake-swap-s-cake-burn

#### Milestones Achieved! 

![Perpetuals Milestones.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/0cdfbc4369200ce75b78c454861f9fa7.jpg)

PancakeSwap is what it is because of its users. Users who choose us for their everyday trading. Users who trust us for their crypto journey. 
We want to share with you some milestones achieved during this month.

But this is not all; our Perpetuals v2 is rocking! 

🔥 With ultra-low 0.05% fees on Arbitrum and 0.08% on BNB Chain and a trading rewards program on Arbitrum that lets you earn 25% of platform revenues, trading on PancakeSwap Perpetuals V2 has never been more rewarding!
🥞 Start trading now: https://perp.pancakeswap.finance/en/futures/v2/BTCUSD

#### Q4 Roadmap - Closing an excellent year

![q4roadmap.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/c3734b5736f34c76cc02ce0f0d5590d5.jpg)

The Chefs released the Roadmap for the last quarter of 2023, with several impressive items on the board. It may not be a huge list, but each item can be considered huge on its own. 
More importantly, all of the upcoming products are designed to continue to generate more revenue for the protocol, which means more CAKE usage and one stop closer to the Ultrasound CAKE.

Yoda would say: Happened AMA, happened recap 👉 Here it is: https://blog.pancakeswap.finance/articles/pancake-swap-q4-roadmap-ama-the-end-of-the-2023-journey 

#### Say goodbye to v3 Positions Problems - Say Hi to Position Manager!

![position manager.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/c970f0b2b7277699abf2c3495e28c523.jpg)

Month after month, recap after recap, we always had one thing pending: to launch the Position Manager! 

Position Manager is a collaborative integration between PancakeSwap and elite protocol partners, offering a suite of strategies for optimal Liquidity Provision (LP). 

This means no more manual LP configurations or complex calculations. Users can effortlessly select trading pairs and preferred protocols, executing their strategies through our user-friendly Position Manager interface.

![brill.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/15f0440f9c245f601a27b2f30d8fcdd4.jpg)

Our First project partnership is with Brill Finance. Come to pancakeswap.finance/position-managers to start enjoying the best aprs depositing one single token.

#### New Farms

![Farms.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/fb37f727472bba6c0cc7f4cd88cb8eb0.jpg)

#### New Pools

![Pools.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/0691834ad2c84741aae62c0c43a1b79f.jpg)

#### Interviews in the Kitchen: Chef Salade, 0x…cuteness = justice!

![Salade Interview.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/6d7c904bfaa40798894be02f42c56415.jpg)

Join us for a captivating interview with Chef Salade, the artistic genius behind PancakeSwap's stunning design🎨 

Discover the creative vision that brings PancakeSwap to life and shapes the DeFi experience.
Read the interview here 👇
https://blog.pancakeswap.finance/articles/interviews-behinds-the-kitchen-s-practical-creativity-chef-salade

### Still Cooking - Coming Soon!

We have some exciting plans on the horizon:

#### vCake Update - Gauge System
Your CAKE. Your Voice! Get ready for the vCAKE upgrade coming this November. This update will bring more governance power and more control about CAKE emissions.

#### Game Expansion 
We will introduce a gaming platform that allows 3rd party developers to create and launch their own games on PancakeSwap. This platform will grow over time, offering an ever-expanding array of games to cater to an increasingly diverse audience.

#### Notification Service 
Tired of missing important updates? We're actively developing a new notification feature that will keep you informed, even via desktop browsers. Say goodbye to missing out on crucial PancakeSwap notifications and updates moving forward!

#### Still hungry?
Join us on Twitter , Telegram, in our Discord server, or in our growing Reddit community!

Bon appétit!

_The Chef's 🐰🥞_


PancakeSwap October Recap 2023 

BNB Chain and PancakeSwap are looking for promising developers with a passion for building the future of governance. We invite you to participate in this grant program to create a 'meta-governance' layer on the BNB Chain's largest native DEX, PancakeSwap.

In this blog, we'll provide an in-depth overview of the task at hand, the grant program details, and essential submission requirements. We encourage all applicants to go above and beyond these minimum requirements to present the best possible case for their projects.

## **Overview**

PancakeSwap's **[Q4 roadmap](https://docs.pancakeswap.finance/readme/roadmap)** has exciting news – the development of Gauges Voting. These gauges, inspired by the vote-escrow model, veCAKE, will empower CAKE token holders to direct future CAKE emissions toward various liquidity pairs within the PancakeSwap protocol. Furthermore, veCAKE inherits the advantages of the original CAKE staking model, enhancing yields on liquidity farms (bCAKE), enabling revenue sharing (rCAKE), and allowing participation in decision-making within the PancakeSwap community.

![roadmp.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/89b193281b29e43874952cb7dca2c128.jpg)

On PancakeSwap, Gauges Voting will replace the current liquidity mining decision process managed by the PancakeSwap protocol. This means that the future allocation of CAKE rewards and which liquidity pools receive them will be decentralized and governed by forthcoming meta-governance protocols.

To support these promising meta-governance projects, BNB Chain and PancakeSwap offer grants to selected applicants to assist in building their meta-governance solutions.

## **Grant Program**

BNB Chain and PancakeSwap will provide grants to chosen applicants, prioritizing projects scheduled to launch by the end of Q4 2023.

## **Minimum Requirements:**

To be considered for the grant, your application must address the following minimum requirements:
- Team and Experience: Introduce your team and their relevant experience in blockchain and governance projects.
- Contact Information: Provide clear and accessible contact details for your team.
- Deployment Timeline: Outline the expected timeline for deploying your meta-governance project.
- Strategy and Plan: Present a high-level strategy and plan for your project's success as a meta-governance solution built on PancakeSwap.
- Tokenomics: Offer a detailed description of the tokenomics and token release schedule for your meta-governance project.
- Value Propositions: Explain the main value propositions of your project to PancakeSwap and its future participants.
- 1-Year Plan: Share a comprehensive one-year operation and personnel plan for your project.

Remember, while meeting these minimum requirements is essential, applicants are encouraged to provide additional details to strengthen their applications. For more information, please refer to the application form.

## **Application Process**

The application process can be summarized as follows:

1\. Applicants submit their proposals to BNB Chain through the provided form.
**https://forms.monday.com/forms/19dfdde11312f1c8a3d8f8380a7e51a3?r=use1**

2\. BNB Chain and PancakeSwap will diligently review and respond to the proposals as they are submitted.

3\. BNB Chain will contact the selected teams for in-depth discussions about the grant and its terms.

4\. BNB Chain will extend the grant offer to successful applicants.

5\. Applicants are strongly encouraged to aim for project launches during the fourth quarter of 2023 to increase their chances of receiving this grant. 

BNB Chain and PancakeSwap are looking for promising developers with a passion for building the future of governance.

Meta-Governance on PancakeSwap: Join the Grant Program

PancakeSwap v3 introduces the Position Manager, a powerful tool designed to enhance the user experience for liquidity providers. We’ve partnered with elite protocols to provide you with a range of strategies for optimal LP position management such as Automated Liquidity Provisioning without ever going out of range and Auto-compounding of Liquidity Provision rewards. 

## **Why do we need a Position Manager?**

One of PancakeSwap v3's core features is capital efficiency. Liquidity providers can concentrate their capital within smaller price intervals, enabling them to select custom price ranges when offering liquidity. This focused liquidity ensures capital is optimally utilized in high-trading areas. However, this advanced feature in v3 can be complex for some users, and that's why we've developed the Position Manager.


## **Introducing Position Manager**

Position Manager is a collaborative integration between PancakeSwap and elite protocol partners, offering a suite of strategies for optimal Liquidity Provision (LP) position management. This means no more manual LP configurations or complex calculations. Users can effortlessly select trading pairs and preferred protocols, executing their strategies through our user-friendly Position Manager interface.

## **Key Benefits of the Position Manager:**

-**Auto-compounding LP rewards**: Say goodbye to gas fee concerns! Position Manager automatically reinvest rewards from liquidity provisions (LP), harnessing the power of compound interest. 

-**Automated LP without going out of range**: Integrated protocols handle tasks like creating and staking liquidity positions, rebalancing, and harvesting rewards. They adjust price ranges, harvest fees and reinvest them, optimizing returns and mitigating impermanent lost risks. 

-**Seamless integration with top protocols and strategies**: We’ve collaborated with elite protocol partners to provide you with a range of strategies for optimal LP position management. 

## **How to use Position Manager on PancakeSwap**

1\. Navigate to Earn, visit [**Position Manager page**](https://pancakeswap.finance/position-managers/).
![Screenshot 2023-10-30 at 4.53.15 PM.png](https://sgp1.digitaloceanspaces.com/strapi.space/4f445f0353f31376259163c675d0d747.png)

2\. Pick Your Trading Pair, Manager and Strategy: Choose your desired trading pair for liquidity provision. 

![1:2.png](https://sgp1.digitaloceanspaces.com/strapi.space/648b4768687688aa6f19a616046fa84f.png)
_Note that multiple managers or strategies may be available for the same trading pair. Learn more about them in the "Info" section._

3\. Click **“Add Liquidity”**, and choose how much asset you want to provide.
![2.jpeg](https://sgp1.digitaloceanspaces.com/strapi.space/5562d4227f924adea1f2c232437d410d.jpeg)

4\. Click **“Approve”** then **“Confirm”**, you will need to confirm the transaction in your wallet pop-up.

![3:4.1.jpeg](https://sgp1.digitaloceanspaces.com/strapi.space/f8a1e047e81596393c084ba893c37528.jpeg)

![4.2.jpeg](https://sgp1.digitaloceanspaces.com/strapi.space/347c742f60ae47ab23aa4b848c272ffb.jpeg)

5\: Once set, your assets will be deposited, and the Position Manager will automatically adjust and rebalance to maximize trading fee rewards. If market dynamics shift your position out of the optimal range, the tool will recalibrate accordingly.

![5.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/e9c24ed2cfbca91550ac3ed846de9a43.jpg)
_*Images are for illustrative purposes only._

## **Diversify with elite protocols**

Our Position Manager is designed for seamless interoperability. Explore a range of strategies from our integrated protocols, tailored  to align with your risk profile. Please note that the user experience may differ among our partners. Stay updated with our announcements and follow our guidance accordingly.

Whether you're a experienced liquidity provider or new to DeFi, PancakeSwap's Position Manager is tailored just for you. Embrace the revolution, diversify your strategies using various vaults, and together, let's elevate the DeFi experience!

Stack’em

🥞The Chefs 


PancakeSwap v3 introduces the Position Manager, a powerful tool designed to enhance the user experience for liquidity providers. 

PancakeSwap Rolls Out the Position Manager Feature on v3

Good afternoon PancakeSwap community and CAKE holders!🐰

Here’s a recap for those who missed the live AMA on October 5th.

Our chefs dive into PancakeSwap's third birthday, review the roadmap for the fourth quarter and answer questions from the community!

This time, we tested a new streaming platform to improve our sound and feel closer to the community. Let us know if you like it! 

### **Participants:**
-Chef Mochi 🧑 (Head Chef)
-Chef Bun 🥟 (Product Manager)
-Chef Brownie 🍫 (Marketing Lead)
-Chef Fran 🧉 (Community Manager)
-Chef Gyoza 🐇(Product Manager)
-Chef Momo 🐰(Product Manager)

_Chef Fran🧉 was the AMA’s host._

### Opening Words

**Chef Mochi🧑:** Hi Everybody, welcome to the Q4 roadmap AMA. Before we start with the AMA, I'd like to take a moment to say that the Kitchen is really proud of PCS hitting our 3rd birthday. In the last year, we've made significant progress in various areas within PCS, many of which are worth celebrating. One thing I'm very happy about is the physical meetup we just held in Argentina. This marks the first time we've held an offline meeting for the community. I believe the community will benefit from the opportunity to mingle and get to know each other, enabling more personal friendships and a stronger, more cohesive community.

Looking forward, the Kitchen has planned much for the next quarter and beyond. The Kitchen is excited to usher in the next year of PCS, with achievements more significant than what we've accomplished together thus far. Okay, so let's start with this quarter's AMA and see what questions the community has on the roadmap.

### Pre-collected Questions:

**1. Q. Chef Fran 🧉: What is the development roadmap of Multichain in this Q?**

**A. Chef Mochi🧑:** PancakeSwap has been deploying on a few chains last quarter. However, most of this has been our core DEX products. You see in our roadmap that we now have planned multichain deployment for our products on BNB Chain onto different chains. Therefore, this quarter, we're focusing on bringing as much of the all-in-one, multichain DeFi platform experience as possible to all the other chains we are now on.

**2 Q. Chef Fran 🧉: Can you give some leaks about how the position manager will work?**

**A. Chef Bun 🥟:**  I don't want to leak any launch timeline, but you can try it out VERY SOON; now let me give you a sneak peek. Currently, if you want to provide liquidity to PancakeSwap V3, you will have to do some research on the historical price volatility and select the proper fee tier, price range to balance out revenue and potential impermanent loss. Apart from that, you will also need to stake your LP into the farm to earn CAKE after providing liquidity. With the position managers, everything is streamlined and automated. You can provide your assets in one click, and that's it. They will be deployed with a wide range of automated liquidity strategies provided by our partners or even the kitchen. And your provided liquidity will automatically join the farm and start earning additional CAKE yield for you. Don’t want brag about it but I have been using(QAing) this for a few weeks and the experience was absolutely magical.

**3 Q. Chef Fran 🧉: Notification service integration is an interesting feature to help with usability. How will it work?**

**A. Chef Gyoza 🐇:** In partnership with Wallet Connect, the Notification service integration aims to allow PancakeSwap users to receive push notifications on the PancakeSwap page and their wallet apps. This will help PancakeSwap users receive important alerts, promotions, and launches/campaigns at a glance. 
For example, if a liquidity provider's position is out of the current range, a user will be alerted via notification and they can take action immediately. This can also be applied to other use cases, such as trading reward claims, perpetual trading campaigns, lottery rounds, etc. 

**4 Q. Chef Fran 🧉: How does the Universal Router benefit PancakeSwap? Does it enhance negotiation efficiency? Is this a router that also includes NFT trading?**

**A. Chef Gyoza 🐇:** The universal router is a swap router that helps to aggregate trades and unifies token and NFT swaps into a single swap router. It will allow users to buy NFTs with more tokens. The universal router also enables permit2, allowing users to share and standardize token approvals across smart contracts. This will improve the user experience for Pancakeswap and other partners using the permit2 standard.

**5 Q. Chef Fran 🧉: Isn't creating a v3 farm from nowhere complicated for a simple user?**

**A. Chef Mochi🧑:** It is for most users - therefore, we initialized the pool for most key token pairs and worked with projects to migrate their liquidity from v2 to v3, so that users don't have to. Of course, PCS can't be initializing pools for every altcoin, but we are happy to speak with any project and have been doing so to support projects which are exploring v3 liquidity.

**6 Q. Chef Fran 🧉: How is PancakeSwap working towards further decentralization and giving more control to the community?**

**A. Chef Bun 🥟:** As you may already notice, we have "voting gauges" on our roadmap. This may sound very boring, but it is actually a huge step towards further decentralization. It will really put the CAKE holders and PancakeSwap community in the driving position to help shape and define where the precious CAKE emission goes. And this immense power will also create other yield opportunities for our loyal CAKE holders.

Apart from this, we also have plans to bring other improvements to our governance system which allows community members to express their thoughts and help improve PancakeSwap together. 

**7 Q. Chef Fran 🧉: veCAKE and gauge design have great potential to increase the demand for CAKE. Can you say anything about how this mechanism will work?**

**A. Chef Bun 🥟:** As i mentioned in the above answer. With the launch of veCAKE, we are introducing more benefits to our CAKE holders while simplifying the existing CAKE staking benefits. So simply lock your CAKE to get veCAKE, and it will become the essential key to knock open the door of every juicy CAKE staking benefit, including the new and the most significant one - voting gauges. This allows CAKE stakers to finally help shape CAKE emissions, having a say on where the CAKE reward goes.

PancakeSwap veCAKE and voting gauges will have a similar design as other ve tokens or protocols, but like every other PancakeSwap product, it will have its unique twist to fit into the CAKE tokenomics and vivid multichain ecosystem. All in a super easy-to-use interface.

**8 Q. Chef Fran 🧉: Is there anything in the pipeline regarding v4?**

**A. Chef Momo 🐇:** Thanks for asking. We are working on some interesting AMM improvements and protocol upgrades this quarter. It's early, and we prefer not to reveal much now. But stay tuned for some announcements by the end of this quarter.

**9 Q. Chef Fran 🧉: Game Expansion seems very interesting; this will help to enlarge the community. But what exactly will you do for this target? How much will PancakeSwap get involved in gaming?**

**A. Chef Mochi🧑:** We are working on two major fronts to expand the game. The first is adding a gaming platform where 3rd party developers can develop and release their games on PancakeSwap. For this, PCS will be working selectively with partners who will work on the PCS community by incorporating the CAKE token and our NFTs in their game. PCS will also vet partners who can run and support the games independently so that the platform can scale over time to help the community with more and more fun, catering to a more comprehensive audience.

The second front is to make the games multichain. Much like how PCS's DEX experience is now multichain, there's no reason why games shouldn't be as well. We're therefore working on this aspect. We don't have a timeline for this to be completed, as the initial research shows that this can be difficult. Still, we hope to release something this quarter.

**10 Q. Chef Fran 🧉: Have you considered raising the fees to increase CAKE burning as a result of the new multichain prediction feature? Will you introduce opportunities for us to predict the prices of ARB, ETH, and other top-market-cap assets, offering prizes or tokens similar to the ones currently available?**

**A. Chef Gyoza 🐇:**  We feel that our current fee structure is the best way to attract new users from other chains. However, we're open to reviewing fees based on the adoption and popularity of multichain prediction and operational costs of supporting the chains and token/price feeds provided. 

For multichain prediction, we look to offer more tokens depending on the chains and user base of different chains. 

**11 Q. Chef Fran 🧉: Will you upgrade Prediction to have daily / weekly / monthly events, as we can see during the pcs anniversary? Do you intend to do more Lottery Special Events as we can see during the pcs anniversary?**

**A. Chef Brownie 🍫:** First, thanks to everyone who participated in PancakeSwap's 3rd-year birthday party; we're thrilled the community enjoyed it. We're actively exploring various campaigns and activities across our product suite. 

These events have proven to be a great source of excitement and community involvement. We recognize their popularity and the joy they bring to our users, so we plan to incorporate them into our ongoing strategy. 

In the meantime, several campaigns are ongoing, so make sure to participate and stay tuned for other exciting campaigns. 

**12 Q. Chef Fran 🧉: Cake tokenomics was updated last August. Many things have changed since that day. Isn't it time for a bit of an update?**

**A. Chef Mochi🧑:** Yes, we just did it today. We've been tweaking CAKE tokenomics almost weekly and reducing emissions to help CAKE go even more deflationary. So, apologies that we haven't been updating as frequently to keep the information always up to date. We will strive to update it more often, but please do follow our blog, our Dune tokenomics dashboard, for live date information

**13 Q. Chef Fran 🧉: Do you have plans to reduce the Max Supply? When would that happen?**

**A. Chef Mochi🧑:** Yes, there are plans to. There is no exact timeline, but we plan to do it by the end of this year.

**14 Q. Chef Fran 🧉:  About Staking Simple: how is the Boost calculated for those with CAKE locked to a fixed term?**

**A. Chef Gyoza 🐰:** Users who lock at least 100 CAKE in the CAKE fixed term staking pool will be entitled to boosted rates of up to 10-15% more than non-stakers. For example, if CAKE APR is at 2% for non-stakers, stakers will get at least 2.25% APR, which is a 0.25% boost. We're constantly looking at ways to reward loyal CAKE holders and stakers, and this is one way we hope to do that.

**15 Q. Chef Fran 🧉: We can see many partners on the new website. Are you cooking something?**

**A. Chef Brownie 🍫:** First, thanks for noticing our website revamp; I hope you liked it. 

The partners section on our website is meant to highlight the various collaborators who have already integrated with our ecosystem. Hence, you get a better overview of our existing collaboration. So if there are names/logo’s that seems to be unfamiliar for you that means you might have missed our partnership announcements, please go check it out.

That being said, we're always actively working on new partnerships that will bring added value to our community and ecosystem. Stay tuned for exciting developments.

**16 Q. Chef Fran 🧉: Will trading competitions make a comeback one day?**

**A. Chef Bun 🥟:** It largely depends on the market condition. But it is worth noting that we now have two ongoing Trading Rewards programs, which in my opinion, are more inviting, more CAKE-focused, and more appealing with higher rewards.

Instead of time-limited events where you have to sign up, perform actions according to the timeline, Trading Rewards allow you to simply trade on PCS and earn CAKE passively. The duo campaign setup design to give out rewards regardless of whether you are a large trader or a smaller trader holding CAKE. To learn more about the Trading Reward program, visit https://pancakeswap.finance/trading-reward 

**17 Q. Chef Fran 🧉: Would purchasing Cake with a bank transfer at a meager cost (max 1% fees) directly from the pcs website would be great?**

**A. Chef Mochi 🧑:** Yes, we do agree it would be great. The ability to buy CAKE directly with fiat is not something we can do now, though. Therefore, in the last quarter, we have worked with various onramp partners like Moonpay, Mercuryo, and Transak to bring you the ability to buy CAKE directly with your credit card. As for fees, we run promotions with them occasionally, so keep your eyes peeled if you're looking to utilize this service at a low fee!

**18 Q. Chef Fran 🧉: Can you add an average APR for "sharing revenue" participants?**

**A. Chef Bun 🥟:** With DEX being the biggest product and most important revenue source of PancakeSwap. The volume drives the revenue shares and could be impacted by weekly market conditions. We've considered adding such a number on the UI, but I think it may not justify the actual performance in the long term based on only the data from last week. 

We will revisit this in the future with more weekly revenue shares being executed. For now, you may reference the weekly revenue injection post for the number of rewards being injected. And also, please note that your APR depends on your remaining lock time and will linearly decrease week by week. Renew the lock staking position to receive a higher share.

**19 Q. Chef Fran 🧉: RWA is a big market. Is Pancake looking for some partners or is there any initiative to attract these assets to our dex?**

**A. Chef Mochi 🧑:** We are looking into it. The most significant obstacle is that we don't want users like yourselves to have to KYC, which many of these RWA assets require. This is a complicated issue for a DEX like ours, but we are trying to see if there are workable solutions.

**20 Q. Chef Fran 🧉: Why do people prefer PancakeSwap despite new Swap platforms emerging and the bear market on the BSC network? What do you think?**

**A. Chef Mochi 🧑:** We believe that PancakeSwap is leaps and bounds ahead of the competition. We offer a combination of factors that is hard to beat for any new DEX - a strong track record of safety, deep liquidity, a non-inflationary token model that still is capable of competitively rewarding liquidity providers, multichain access within a single platform, and a whole suite of DeFi products that can cater to any DeFi need in all of crypto.

As for the bear market, that's an industry-wide factor affecting all of us, so PancakeSwap is not more or less affected by newer DEXs entering the space.


### Live Questions

**Q. Chef Fran 🧉: What can you share regarding the ongoing discussions and concerns related to Protectors, particularly concerning issues like game downtime and related matters?**

**A. Chef Mochi🧑:** I believe that those of you who have been actively playing the Protectors game, especially in the last three or four seasons, may have noticed several disruptions within the game. We acknowledge that these issues have occurred, and to maintain transparency, we have been repeatedly targeted by third-party attacks. Throughout all the seasons, we have been in constant collaboration with the Mobox team, addressing every instance where we detected a problem or faced interference from third parties.

Up to this point, I believe we have successfully resolved more issues than in the first six seasons or so. During the last season, the game ran smoothly, and the lag problems disappeared. This process is ongoing because the game continually introduces new content and features. Therefore, we remain committed to working with Mobox to address any bugs or exploits as they arise. It's a continuous effort we are dedicated to undertaking.

**Q. Chef Fran 🧉: Looking beyond Q4, can you provide a glimpse of the long-term vision for PancakeSwap and how these Q4 developments fit into that vision?**

**A. Chef Mochi 🧑 :** Thank you for your question! PancakeSwap's long-term vision is to become a user-friendly, all-in-one multichain DeFi platform. In Q4, we've expanded into the multichain space, with plans to bring our other products seamlessly to multiple chains. Beyond Q4, we aim to scale our protocol to accommodate millions of new users, especially as DeFi adoption grows. We're committed to improving the user experience and introducing innovative products as we believe more people are migrating to DeFi with each cycle. This is our long-term vision.

**3 Q. Chef Fran 🧉: Are there any intriguing collaborations or partnerships on PancakeSwap's radar for the near future that you're particulary enthusiastic about?**

**A. Chef Brownie 🍫:** Chef Icy is busy with behind-the-scenes partnership work, so I'll discuss our partnership efforts from a marketing perspective.

We've been active on the BNB Chain since its inception. Looking ahead to the next quarter, we've expanded to several new chains, around six or seven in total. We're collaborating with these layer-2 chains to extend our partnerships. For example, we recently participated in an event with Polygon zkEVM in Singapore, and we're engaged in their Galxe campaign. Fran is also set to join a Discord workshop with them soon.

While our focus has been on the BNB Chain, we're excited about the potential for collaboration and expansion with these other chains. We look forward to working with these teams and exploring future opportunities!

**4 Q. Chef Fran 🧉: Is it possible to imagine the biggest "crypto" multichain lottery on PCS, or is technically impossible?**

**A. Chef Gyoza 🐇:** I find the concept of a multichain lottery quite intriguing. The primary consideration is to create a single, substantial prize pool, rather than dividing it among different chains. Additionally, there needs to be a strong demand for lotteries on other chains from users who are buying lottery tickets on PCS. While it's not currently on our radar, it's certainly an exciting avenue to explore.

**6. Bun’s clarification about emission misunderstandings:** Some users may be confused because in the tokenomics charts, we consolidated all the trading incentives into one category and highlighted it as one single emission. Initially, our plan was to allocate a significant portion of the CAKE tokens for multichain expansions. Thanks to the efforts of our talented BD Chefs and other supportive members of the ecosystem, we were able to use our expansion budget much more efficiently than we anticipated. Therefore the majority of them actually never leave the budget wallet and will eventually be directed to burn.

Actually, during the recent burn, a substantial portion of these reserves has been directly contributed to the burn, which means that those CAKE tokens are not re-entering circulation. Specifically, the amount of CAKE tokens spent on trading reward program has been kept within a three-digit range so far.

Thanks for reading. Join us on [**Twitter**](https://twitter.com/pancakeswap), [**Telegram**](https://t.me/pancakeswap), in our [**Discord**](https://discord.com/invite/pancakeswap) server, or our growing [**Reddit**](https://www.reddit.com/r/pancakeswap/) community!

**Chef Fran🧉**




