PancakeSwap Version 3 Goes Live on Ethereum Layer 2 Linea Mainnet

Decentralized exchange PancakeSwap version 3 (v3) expanded to the Linea mainnet, a blockchain built by Ethereum development lab Consensys, in a bid to attract new users and build revenue.
PancakeSwap is now available on Ethereum, BNB Chain, Aptos, Polygon zkEVM, zkSync Era and Arbitrum. The deployment follows a successful testnet phase, and traders can now use the service to trade tokens at lower fees and improved capital efficiency.
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Linea, formerly known as ConsenSys zkEVM, uses zero-knowledge proofs with full Ethereum Virtual Machine (EVM) computing to deliver faster transaction speeds and reduced gas costs without compromising on security.
EVMs refer to a set of virtual computers in which all Ethereum accounts and smart contracts live. A zero-knowledge proof is a way of proving the validity of a transaction without publicly revealing data of that transaction.
PancakeSwap v3 on Linea introduces advanced Swap and Liquidity Provision functionalities, offering users a seamless and efficient trading experience. Liquidity providers – the entities who provide capital on a DEX – can maximize their capital efficiency by concentrating their assets within specific price ranges where most trading occurs.
They can also achieve use of a capital multiplier of up to 4,000x, leveraging their locked token holdings and generating much higher returns during periods of market volatility.
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As such, PancakeSwap is expected to bring its farm feature to Linea in the coming months, which will allow users to stake their LP tokens and earn PancakeSwap’s native CAKE tokens.