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Decentralized exchange PancakeSwap (CAKE) has seen a significant price surge over the past day following the launch of a new feature on the platform. CAKE is currently trading at $1.57, which represents a 29% increase over the last 24 hours . The token has also gained 31% against over the past week. This latest rally comes shortly after PancakeSwap introduced its new Position Manager tool earlier this week. The feature allows users to deposit funds into a vault and have them automatically allocated to liquidity pools for yield farming. In a blog post, the PancakeSwap team said Position Manager makes capital use more efficient by automating liquidity provisioning. According to the developers, this should enable users to generate higher yields compared to manual yield farming. You might also like: PancakeSwap launches asset management feature The new utility initially supports stablecoin USDT, as well as BNB, Bitcoin (BTC) and Ethereum (ETH). PancakeSwap is incentivizing...

PancakeSwap, a decentralized exchange (DEX), is launching on Base, an Ethereum(ETH) layer 2 scaling network incubated by Coinbase, according to an update on Aug. 30. Initially, this integration will offer PancakeSwap’s swapping and liquidity provision functions. Following that, an upcoming release will introduce the farming feature, permitting users to stake liquidity provider (LP) tokens in exchange for PancakeSwap’s native CAKE tokens. Importantly, users will retain their positions in the original LP tokens. Base is now PancakeSwap’s eighth platform, highlighting the DEX’s multi-chain strategy. While initially established on BNB Chain, the DEX has deployed on several blockchains, including Ethereum, Aptos (APT), Polygon (MATIC) zkEVM, and others. Ready for a game-changer DEX on Base? Everyone’s favorite DEX is now on @BuildOnBase, bringing ultra-low fees, user-friendly Features and setting the stage for DeFi mass adoption Start your Base journey with us ...