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PancakeSwap Launches “Affiliate” Initiative in DeFi Community
Decentralized exchange (DEX) and decentralized finance (DeFi) protocol PancakeSwap has introduced an “Affiliate” initiative to the DeFi community. This initiative aims to foster open-source scalability, promote collaboration across multiple blockchain networks, and keep the protocol updated with industry developments.
Introduction of the Affiliate Initiative
The team at PancakeSwap has proposed an initiative where DeFi protocols can fork PancakeSwap on blockchains where it is not currently deployed. This initiative will allow forks of PancakeSwap onto chains that do not already have the exchange and platform deployed.
Goals of the Initiative
- Encourage scalability for the exchange
- Promote collaboration across blockchain networks
- Stay up-to-date with industry developments
The team aims to partner with at least three DEXs on three chains this year, with each being in the top ¼ by trading volume on their respective chains long-term.
Community Feedback and Voting
The proposal is currently open for community feedback. PancakeSwap is working towards finalizing it for official voting in the upcoming weeks, following comprehensive feedback collection and analysis by the team.
Scaling PancakeSwap with Protocol Growth
The “Affiliate” initiative encourages forks onto various blockchain networks to scale the growth of the PancakeSwap protocol exponentially to new blockchains faster, supporting strong DeFi teams that can rely on the unique and improving PancakeSwap all-in-one DeFi product suite.
Affiliate Advantages
- Access to a broader range of native tokens across different blockchains
- veCAKE users will receive affiliates’ native DEX tokens
- Allocation of a portion of trading fee revenue to burning CAKE
The initiative aims to achieve mass adoption, seamless integration for developers and protocols, and branding opportunities for projects receiving official recognition from PancakeSwap.
Chef Mochi, Head of PancakeSwap, mentioned that “by open-sourcing the PancakeSwap DEX, developers and protocols can leverage its technical foundation to build their own DEX effortlessly, accelerating innovation without starting from scratch.”
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
