PancakeSwap, a leading multichain decentralized exchange (DEX), has announced the launch of PancakeSwap V3, which will take place during the first week of April 2023.

In a press release shared with BitKE by PancakeSwap, the upgraded version will bring exciting features, including improved liquidity provisioning, competitive trading fees, trading incentives, and an enhanced yield farming experience, all accessible from a user-friendly interface. 

PancakeSwap has been one of the most successful DeFi projects in the industry, with over $438 billion in total trading volume and over $2.5 billion in total liquidity locked, as of the time of writing. With the launch of PancakeSwap V3, the platform is set to cement its position as a market leader in the DeFi space. 

To celebrate the upcoming launch of PancakeSwap V3, the platform will be running a special early supporter campaign. The campaign will offer $135k in CAKE and an exclusive PancakeSwap V3 NFT to reward loyal users. The campaign will run from March 5th, 2023 at 13:00 UTC until April 3rd, 2023 at 12:00 UTC. 

The new version will be available on BNB Smart Chain (BSC), which is known for its fast and low-cost transactions. In addition, PancakeSwap V2 has recently deployed on Aptos and Ethereum, expanding its presence and accessibility and making headlines by achieving over 55% TVL within one month of deployment on Aptos, becoming the chains’ largest DEX by TVL and trading volume. 

“We’re excited to continue our mission of bringing DeFi to everyone with the launch of PancakeSwap V3. The new features we’re introducing will offer our users an even better experience and help make DeFi accessible to more people than ever before,” said Mochi, Head Chef of PancakeSwap. 

About PancakeSwap 

PancakeSwap is a decentralized exchange built on the BNB Smart Chain, Ethereum and Aptos Network designed to enable users to swap cryptocurrencies without intermediaries. It features high-speed and low-cost transactions, making it one of the most popular DEXs in the industry. PancakeSwap has over $438 billion in total trading volume and over $2.5 billion in total liquidity locked, making it the leading multichain DEX in the industry. For more information, visit https://pancakeswap.finance/.

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Mercy Corps Ventures (MCV), the impact investing arm of the global development organization, Mercy Corps, has announced a partnership with Polygon Labs, a leading player in the blockchain space.

The partnership aims to accelerate blockchain solutions for under-served and low-income individuals and communities in emerging markets.

Pleased to share more on our new partnership with @0xPolygon!

Together we will run:
blockchain pilots
hackathons with developers serving emerging market users
educational blockchain roadshowshttps://t.co/QuS9GE465d pic.twitter.com/D69Xyhp3n0

— Mercy Corps Ventures (@MCSocialVenture) March 3, 2023

Mercy Corps Ventures invests in and catalyzes venture-led solutions to help under-served groups join the global economy. Since its founding in 2015, MCV has supported 41 early-stage ventures in scaling and raising over $333.9 million in follow-on capital, the organization says.

Additionally, the MCV portfolio is 51% female-founded and centers around resilience-building solutions in adaptive agriculture and food systems, frontier fintech, and climate smart systems.

The partnership with Polygon Labs will focus on three key pillars:

• Funding blockchain pilots that will enable access to the financial system for traditionally excluded and under-served communities

• A series of blockchain hackathons with developers serving emerging market users to increase education and awareness about how blockchain can help solve local challenges in the impact space

• Running a blockchain bootcamp roadshow in markets where Mercy Corps has a presence aimed to provide educational and informational sessions for local educational institutions, NGOs, and other organizations looking to improve operations through blockchain technology

The partnership also comes at a time when the hype of blockchain and Web3 solutions for under-banked populations has not yet been matched by the reality in emerging markets. While some real-world use cases exist, most lack the measurable outcomes to build a business and impact case for these technologies.

MCV has been actively piloting Web3 solutions to responsibly test, de-risk, and build the evidence base for promising, cutting-edge innovation. These solutions leverage Web3 to explore nascent areas of their thesis, building resilience for under-served individuals and communities.

The Crypto for Good Fund II, launched by MCV in February 2023, is expected to drive global financial inclusion and climate resilience through a series of pilots, building an evidence base to prove the scalability of blockchain-enabled solutions in making a positive impact in emerging markets.

“We know that startups are bringing new, innovative solutions to the world’s most pressing challenges,” says Scott Onder, Managing Director of Mercy Corps Ventures.

 “We want to support founders to scale these nascent solutions by offering strategic support and funding to test, validate and accelerate their work to onboard the next generation of users in emerging markets.”

The Polygon network is home to tens of thousands of decentralized applications, including some of the most prominent DeFi players such as Aave, QuickSwap, OpenSea, and Uniswap V3.

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