Since our inception in 2020, PancakeSwap has become a leading multichain decentralized exchange (DEX), spanning 9 chains, facilitating billions in trading volume, and empowering millions of users worldwide. Yet, the DeFi ecosystem still faces challenges, including high gas fees, the need for multiple native gas tokens, and fragmented liquidity across pools.

To address these issues and elevate your DeFi experience, we’re excited to introduce PancakeSwapX —a product designed to locate users better execution prices while providing a more accessible and efficient trading experience across multiple chains.

What is PancakeSwapX?

PancakeSwapX enhances your trading by aggregating liquidity from multiple sources, including PancakeSwap’s AMM, other DEXs, and external liquidity providers, locating users with better execution prices. With PancakeSwapX, you’ll also enjoy gasless swaps, a wide selection of tokens, and protection against MEV attacks—all with zero trading fees during the initial launch period. Initially launching on Ethereum and Arbitrum, PancakeSwapX will soon expand to more chains and tokens.

Key Features of PancakeSwapX

1. Seamless Integration with PancakeSwap UI

PancakeSwapX is fully integrated into the existing PancakeSwap interface, allowing you to continue trading without additional setup. When it locates better execution prices, it will automatically be selected as the primary source of liquidity.

2. Trade with Zero Fees at Launch

At launch, PancakeSwapX will not charge trading fees for 150 tokens (including WETH, WBTC, USDT, USDC etc) on Ethereum and Arbitrum if your trade is routed through PancakeSwapX. If PancakeSwapX locates better execution prices, PancakeSwap will automatically route your trade there. However, if your trade isn’t routed to PancakeSwapX, standard PancakeSwap fees will apply. Be sure to verify the fee structure before confirming your trade.

Please note that PancakeSwapX is not charging trading fees for specific pairs for a limited time at launch. After this period, PancakeSwapX trading fees may apply. Any future adjustments to fees will be communicated in advance.

3. Get a Better Execution Prices for Your Swaps

PancakeSwapX aggregates liquidity from multiple sources to provide better execution prices:

• Aggregated Liquidity: PancakeSwapX aggregates liquidity from multiple sources, including PancakeSwap AMM pools, other DEXs, and external liquidity providers, for better execution prices.
• Wide Range of Tokens: PancakeSwapX supports over 150 tokens at launch (you can view the full list on UI under “manage tokens”). Even if a token isn’t available on PancakeSwap’s AMM pools, you can still trade it through PancakeSwapX.
• MEV Protection: PancakeSwapX protects you from front-running MEV bots, protecting the value of your trades.

4. Gasless Swaps – Trade with Zero Gas Fees

Gas fees can be a significant barrier in DeFi, but PancakeSwapX eliminates this challenge with gasless swaps. Here’s how it works:

• No Gas Fees on Failed Transactions: With PancakeSwapX, you won’t pay gas fees on failed transactions.
• No Need for Native Gas Tokens: Trade seamlessly without needing the chain’s native token to cover gas fees.

With PancakeSwapX, users trade by signing and submitting off-chain orders, which external liquidity providers then fulfill by submitting on-chain transactions and covering the gas costs on their behalf. External liquidity providers build the gas costs into the swap price, allowing them to bundle multiple orders for more competitive pricing.

As a result, users don’t need to manage gas fees in native tokens or submit on-chain transactions. Additionally, failed or expired orders remain off-chain, ensuring no gas costs are incurred.

Please note that users may still need to pay gas in some instances, such as when initially approving tokens and wrapping native network tokens.

What does this mean for current Liquidity Providers?

Liquidity providers on PancakeSwap AMM Pools will continue to earn trading fees and CAKE rewards. In contrast, external liquidity providers for PancakeSwapX will focus solely on trading to deliver better execution prices without receiving CAKE emissions. This ensures our liquidity providers retain unique benefits within the PancakeSwap ecosystem.

Transitioning to PancakeSwapX: Retiring Market-Making Integration

With the launch of PancakeSwapX, we will retire our market-making integration. This decision allows us to focus on enhancing the PancakeSwapX experience and ensuring users benefit from improved liquidity aggregation and pricing.

Open Source and Transparency

PancakeSwapX is built on the open-source code base from UniswapX. Our codebase is also permissionless and open source. You can explore the PancakeSwapX code [here].

Future Expansion and Gasless Cross-Chain Swaps

Starting with Ethereum and Arbitrum, PancakeSwapX will soon support additional chains and offer gasless cross-chain swaps, allowing you to trade seamlessly across multiple networks without worrying about gas fees.

Trade smart, swap freely—experience PancakeSwapX today!

Disclaimer: The term "better execution prices" in our marketing materials refers to the current offer of zero trading fees for specific pairs on PancakeSwapX for a limited time. This offer is subject to change and applies only to select trading pairs at launch. After the offer period, standard trading fees may apply. Market conditions and liquidity availability influence pricing and fees and may vary. Users are advised to verify the fee structure before completing any transactions. PancakeSwapX makes no guarantees regarding pricing, and all trading is conducted at the user's risk.

PancakeSwapX Directory

• Introducing PancakeSwapX: Zero-Fee & Gasless Swaps on Ethereum and Arbitrum
• Why PancakeSwapX is the Upgrade DeFi Traders Have Been Waiting For
• Getting Started with PancakeSwapX: A Beginner’s Guide
• PancakeSwapX’s Liquidity Aggregation: Benefits and Implications
• The Mechanics of Gasless Swaps: How It Works in PancakeSwapX
• MEV Protection: Safeguarding Your Trades using PancakeSwapX