Can you believe it’s flipping August already?! That means it’s time for our monthly update!
Data Recap: July 2021
- Total Volume: $16.394B
- Average Daily Volume: $529M
- Unique traders: 1.98M
- Unique users: 8.72M
- 14 CAKE staker reward pools (syrup + boost)
- $9.2M in Syrup Pool rewards
- BNB won in prediction: 507,476 / $153,419,130
- Total volume of positions placed: 159,314 BNB / $48,163,490
- Total burned: 21,939,483 CAKE / $305M
- Bought back from the market to burn: $8M
- Effective Emission Rate: Approx 17 CAKE per block (including buybacks)
- # of holders: 533,355 (+29%)
🍽✅ Served in July 2021
The PancakeSwap Lottery is back and bigger than ever!
Since relaunch on July 6th, the PancakeSwap community as a whole has hit some massive jackpots:
- Total prizes won: 641,671 CAKE
- Top prize won: 4,601.81 CAKE (Round 38)
- Total CAKE burned through lottery: 346,694
- Total tickets bought: 1,616,362
- Biggest jackpot: 194,215 CAKE (Round 16)
Have you played yet?
Get your PancakeSwap Lottery tickets for only $5 a ticket. New rounds every 12 hours!
Community Farm Auctions
The first Community Auction is now over!
20 Projects bid CAKE to battle for the right to host a 1x farm for their token. As a result, a massive 57,380 CAKE will be burned!
The winning farms this round were:
- Babycake: BABYCAKE-BNB farm
- Binamon: BMON-BNB farm
- Metahero: HERO-BNB farm
- Wall Street Games: WSG-BNB farm
- MacaronSwap: MCRN-BNB farm
For projects, this gives a way to incentivize liquidity provision for your token’s pairs. For CAKE holders, the CAKE burned will contribute to the ongoing reduction of CAKE supply. If you’re a project looking to run a Farm, apply via the PancakeSwap Farm application form.
Exchange Integration Step 1
This is a big one… and you might not have even noticed. Besides the under-the-hood upgrades, here’s what you might notice:
- Seamless navigation between Farms, Pools, Liquidity Management and Swaps
- Stay connected across all parts of the PancakeSwap product suite
- 🔜 Smoother liquidity provision directly from Farms page
- 🔜 Integration of charts
- 🔜 Swap or provide liquidity anywhere on site, any time
How do you feel about the new homepage at https://pancakeswap.finance?
With this update, we’re aiming to simplify our messaging and lower the barrier for entry for new users to understand and start using PancakeSwap. What do you think? Let us know on Telegram or tweet to us @PancakeSwap.
1 MILLION Twitter Followers: #MyPancakeSwap
Wow, what a milestone!
To celebrate hitting 1 Million followers on Twitter, we’re hosting a fun competition. Get creative and win! It’s easy.
🥞 Recreate the PancakeSwap logo, any way you like.
🥞 Tweet your image/video with #MyPancakeSwap.
🥞 Prizes: 🏆 $1,000 | 🥈 $700 | 🥉 $300
We knew you guys were creative… but we didn’t expect this! Here’s a peek at some of the applications we’ve already received, made of food, fur, and… some other weird stuff.
Think you can do better?
There’s still time!
Catch the original tweet for context and rules.
CAKE Emissions Reduction
On July 1st, the community voted to reduce CAKE block emissions by a massive 10%.
Now only 19 new CAKE are emitted every block, and including buybacks, in July the effective emission was about 17 CAKE per block.
Continuing our trajectory towards net negative CAKE emissions, we’re preparing to host another monthly vote to further reduce CAKE emissions:
- A big adjustment to farm rewards is being voted on now. Cast your vote now.
- If the above passes, another vote will be held to further reduce CAKE emitted per block.
👩🍳🕔 Still Cooking (Coming Soon)
As usual, we won’t be giving strict timelines for these tasks, but here’s a teaser of tasks that are in the works:
Long-Overdue Performance Improvements
As with any fast-growing project, as we’ve added more and more great stuff to PancakeSwap, we’ve also gathered a bit of technical debt.
We’ll be taking a short break from pumping out new features to spend a few weeks focusing on code maintenance and performance updates, so we can keep scaling efficiently without compromising on performance.
- v0.2 of the Prediction beta is on its way, encompassing mostly performance and stability updates.
- Prediction leaderboard: find out how you stack up against the competition!
- Speaking of competitions… anybody interested in a prediction tournament? 🤔 Let us know on Twitter if you’re up for it!
Simple Liquidity (Zap)
The designs and smart contracts for the simple liquidity provision system are largely done and dusted, and we’re hoping front-end development may start work soon.
In case you missed it, we’re working on a simpler way to provide liquidity: Even if you’ve only got $200 of Token A and $300 of Token B, you’ll be able to deposit them all in a liquidity pool at once, and let the system rebalance your tokens to a 50/50 split for you. Available for select pairs.
More Hot Stuff
- New NFTs? 🎟 👀
- Portfolio & Dashboard pages: Your assets on PancakeSwap, at a glance
- Global Settings: Choose your default transaction gas fees and more
- ROI Calculator: Updates making it easier to figure out projected APR and APY for farms and pools
- Navigation Rework: A big update for mobile users, making it much quicker and easier to get where you want to go on-site, while you’re on the go.
- Community Forum
- Info Integration: Fully integrating PancakeSwap.info into the main site
What does all this work in the kitchen look like?
See for yourself!
Check out the development that’s been happening this month on the PancakeSwap Github with 👉 this sweet visualisation video! 👈
🤐 That’s certainly not all we’ve got planned, but it’s all we’ll say for now.
Is there anything else you’d like to see?