PancakeSwap v3 is the first to launch the Liquidity Pool on Solana, offering ultra-low transaction fees and optimizing capital efficiency for users.
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PancakeSwap v3 officially launched the Liquidity Pool on the Solana platform.
The transaction fee is only 0.01%, making for a smoother trading experience.
Liquidity providers can earn up to 84% of transaction fees through a concentrated liquidity strategy.
How did PancakeSwap v3 deploy the Liquidity Pool on Solana?
Accurate information from the PancakeSwap development team confirms the launch of Liquidity Pool version 3 on Solana, which expands the ecosystem and minimizes transaction fees for users. The event was announced on July 1, 2024.
This integration not only optimizes capital for liquidity providers but also enhances the ability to attract new users due to low transaction fees and fast processing performance. Accordingly, Solana provides a blockchain platform with high transaction speeds and low costs, making it very suitable for deploying DeFi DApps.
PancakeSwap v3 on Solana represents a new advancement in maximizing liquidity while minimizing transaction costs for the DeFi market.
— Head of the PancakeSwap development team, 1/7/2024
What impact does the 0.01% transaction fee of PancakeSwap v3 on Solana have?
According to the official report, a 0.01% transaction fee is very low compared to many decentralized exchanges today, helping to increase competitiveness and enhance the trading experience.
The lower the fees, the better the liquidity improves, as participants can trade more frequently without worrying about costs diminishing profits. This helps drive growth in trading volume on the PancakeSwap platform and strengthens its leading position in the DeFi sector on Solana.
How much can liquidity providers earn from PancakeSwap v3 on Solana?
According to system analysis, liquidity providers enjoy up to 84% of total transaction fees when providing liquidity through a concentrated strategy within a certain price range on PancakeSwap v3.
This concentrated strategy helps optimize capital, differing from the traditional uniformly distributed liquidity model, providing significantly higher returns for participants. At the same time, supporting popular projects on Solana enhances stability and safety for liquidity.
Comparison table of benefits when providing liquidity on PancakeSwap v3 versus other platforms
Criteria PancakeSwap v3 on Solana Traditional Liquidity Pool Competitors on Ethereum Transaction Fee 0.01% 0.3% 0.25% – 0.30% % fee allocated to providers Up to 84% 70% – 80% 65% – 75% Liquidity Strategy Concentrated by price range Uniform distribution Uniform distribution Transaction confirmation time ~0.4 seconds (Solana fast) 5 – 15 seconds 15 – 30 seconds
The combination of low fees and capital optimization helps PancakeSwap v3 on Solana lead the trend in developing the next generation of liquidity pools in DeFi.
— Blockchain expert Nguyen Van Nam, 2024
Frequently asked questions about the PancakeSwap v3 Liquidity Pool on Solana
Is PancakeSwap v3 on Solana safe? High security due to the audited Smart Contract and operation on the reputable Solana platform. What is the specific transaction fee on PancakeSwap v3? Only 0.01%, much lower than most other decentralized exchanges. How can liquidity providers optimize profits? Providing liquidity within a concentrated price range helps maximize fees, potentially earning up to 84% of transaction fees. What projects does PancakeSwap v3 support on Solana? Supports popular and potential projects within the Solana ecosystem, increasing liquidity and credibility. What is the transaction speed on PancakeSwap v3? Transactions are almost instantaneous with a confirmation time of about 0.4 seconds, providing a smooth user experience.
Source: https://tintucbitcoin.com/pancakeswap-v3-phat-hanh-pool-thanh-khoan-solana/
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