PancakeSwap proposes adding Aptos network support

The leading decentralised exchange PancakeSwap (PCS) on the BNB Chain has urged the community to back the Aptos protocol integration.

📣 Proposal for PancakeSwap deployment to Aptos Chain

🐇 The kitchen proposes to deploy CAKE and four of its main features (Swap, Farm, Pools and IFO) on Aptos

👉 Read the proposal: https://t.co/hFvyCp42em

🫂 Join our AMA: 21 Oct 1100 UTC

⏰ Voting starts: 21 Oct 1200 UTC pic.twitter.com/Vat49Vv9qq

— PancakeSwap 🥞 #BSC (@PancakeSwap) October 20, 2022

Voting opens on October 21 and will close after 48 hours.

The team cited Aptos’ advantages as:

• this is a new generation of L1 network with low transaction costs;
• the developers have deep Web3 experience as former Novi employees;
• strong ties with the Aptos team.

The developers also said they intend to turn PancakeSwap into a multi-chain protocol.

If the community approves, Aptos users would have access to all core PCS features, including farming and participation in liquidity pools.

Immediately after the Aptos mainnet launch, the listing of the platform’s native token APT announced a number of leading exchanges, including Binance, FTX and Coinbase.

The venture arms of the aforementioned platforms have invested in the blockchain’s developer Aptos Labs. In March 2022, the company raised $200 million, in July closed a $150 million Series A funding round.

Binance Labs separately supported the project as a strategic partner.

The launch of Aptos’ mainnet prompted a number of questions among experts, including opaque tokenomics. In response, the project team revealed details of token distribution and announced an airdrop for early users.

Earlier in June, Binance Labs announced strategic investments in PCS.

Read ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analytics.