PancakeSwap is the most utilized Decentralized Exchange (DEX) built on BNB Chain and one of the most prominent in all of Decentralized Finance (DeFi) on any chain. The Chefs at PancakeSwap have cooked up some notable products and services that make it one of the most versatile projects around.

Having fully made the switch to go multichain, the PancakeSwap Chefs have a dazzling repertoire of products and services to plan to deploy on Aptos, potentially Ethereum, and more. With V3 tokenomics announced for Q1 of 2023, the Chefs will have plenty to work with in the PancakeSwap kitchen for the foreseeable future.

Ten Products Available on PancakeSwap:

1. CAKE - PancakeSwap’s native token. CAKE is used for governance, staking, and yield farming. It’s one of the most held tokens across BNB Chain.

2. Syrup Pools - The version of automated market maker (AMM) pools cooked up by the PancakeSwap Chefs. Users can deposit and trade various tokens from BNB Chain.

3. Staking - A key use case for CAKE, PancakeSwap allows users to stake their native CAKE tokens to earn rewards and participate in governance decisions.

4. FLIP Tokens - A new type of token that represents a pool of other tokens, which can be traded and used for yield farming on PancakeSwap.

5. Yield Farming - The classic form of DeFi passive income where users reap rewards for providing liquidity to the Syrup Pools.

6. NFT Marketplace - PancakeSwap has an NFT marketplace where users can buy, sell, and trade unique digital assets. The collections from PancakeSwap, Bunnies and Squadies––both designed by artist Cecy Meade––are some of the most popular NFTs by volume and transactions on BNB Chain.

7. Token Listing - PancakeSwap lets projects list their tokens on its DEX and access its massive community of users.

8. IFO: Initial Farm Offerings - Allows users to buy new tokens launching on BNB Chain and participate in opportunities to earn yield. IFOs can take the form of Public or Private sales giving projects different forms of customization.

9. Bug Bounty - PancakeSwap has an ongoing bug bounty to help root out vulnerabilities and problems in its protocol. Together with ImmuneFi, PancakeSwap offers up to $1 million for critical bugs.

10. Lottery - CAKE holders can buy lottery tickets for a chance to win big! Winners of the lottery receive a pre-determined amount of CAKE as a reward.

What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools (LPs), swapping, yield farming, Syrup Pools, an Automated Market Maker, Initial Farm Offerings (IFOs), an NFT profile system, and other tools.

In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on BNB Chain.

Where to find PancakeSwap:

Website | Twitter | Medium | GitHub

Pi Network Open Source Software License Program

Pi Network debuted its Pi Open Source (PiOS) License program at the hackathon launch to encourage developer collaboration and build its large ecosystem. The initiative enables developers to share their code while building valuable applications on the blockchain.

The protocol’s PiOS license ensures that developers create and utilize open-source applications and tools within the Pi ecosystem. In a press release shared with BSC News, the team stated that the licensing framework would ensure developers collaborate to develop unique applications on Pi Network.

“This unique licensing framework allows community developers to build on the contributions of one another, leveraging crowd wisdom of the large community. By consolidating community developers’ collective knowledge and building efforts, Pi Network aims to facilitate diverse ideations and executions to create a robust ecosystem of apps and utilities for the Pi community members,” the statement read.

The initiative enables developers to build on works created by others. Through the collective effort of developers, Pi Network aims to combine unique ideas to generate a robust ecosystem of valuable applications. One of the founders of Pi Network, Dr. Nicolas Kokkalis, also shared his thoughts about the initiative.

“Since Pi’s inception, we have always encouraged cross-collaboration. Through PiOS we hope to enable developers who wish to share their codebase with the community to do so, and also invite contributions to their code from other community developers,” said Dr. Nicolas Kokkalis. “Our hope is that by allowing Pi Community Developers to create open source applications and tools for the Pi Ecosystem, the community will continue to flourish and encourage others to build as well.”

Developers have access to the code repository licensed by other Pi community developers under the PiOS license. Further, developers receive Pi rewards as encouragement for contributing their code to the repository and making their work available to one another.

The Pi hackathon commenced on January 9th and will end on February 28th. The event invites participants to build apps across three themes: Social Media, GameFi/Entertainment, and Consumer Utilities. As of publication, over 4200 participants have registered for the event. BSC News has an article HERE for users interested in building on the blockchain. You can also visit the Pi hackathon page for more information.

What is Pi Network:

Pi Network is a novel cryptocurrency and developer platform that allows mobile users to mine Pi coins without draining the device’s battery. Pi’s blockchain secures economic transactions via a mobile meritocracy system and a full Web 3.0 experience where community developers can build decentralized applications (dApps) for millions of users.

Where to find Pi Network:

Website | Twitter | LinkedIn | Facebook | Instagram |

BNB Chain Web3 Gaming Partnerships

BNB Chain announced two new Web3 gaming partnerships with GAIMIN and Seedify, respectively.

In separate blog posts, both by DAVID.BNB from February 8, BNB Chain confirmed the nature and motivations behind each agreement. Building off a previous partnership with GAIMIN that focused on Esports and marketing, the new agreement with BNB Chain will see the two organizations collaborate to support developers and gaming development, according to the blog.

“We selected GAIMIN to become our first partner for a Web3 esports growth initiative after reviewing their business model and assessing their ability to reach the global gaming community. We are particularly excited by GAIMIN’s approach to developing Web3 based technologies that allow games, developers, and most importantly gamers, to benefit from this growth market,” Walter Lee, Partner Growth and GameFi Leader at BNB Chain said.

The partnership with Seedify will focus on another area of gaming and help grow BNB Chain support for all aspects of Web3 gaming. The blog confirmed that the partnership will focus on incubator and launchpad verticles, supporting projects through services like hackathons, research, grants, and more.

BNB Chain has taken a major focus on Web3 gaming in Quarter 1 of 2023. The chain is hosting an ongoing Game Jam developer competition throughout February and recently commenced a global gaming hackathon partnered with CyberConnect.

What is BNB Chain:

Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.

Find more about BNB Chain here:

Website | Twitter | Discord | Telegram | GitHub |

What is GAIMIN:

GAIMIN.IO Ltd (GAIMIN) is a UK and Swiss-based gaming company focused on helping the gaming community monetize the computational power of their gaming PC. GAIMIN has created a decentralized data processing network harnessing underutilized processing power typically found in gaming PCs to create a worldwide, decentralized data processing network, delivering supercomputer performance.

Where to find GAIMIN:

Website | Twitter | Telegram | LinkedIn |

What is Seedify:

Seedify is an incubator and launchpad for blockchain games, and gamers. Seedify is a community-focused launchpad and blockchain gaming incubator that's designed solely to support blockchain gaming projects. The platform provides startups with a range of resources, which extend to an IGO launchpad, developmental feedback and seed money.

Where to find Seedify:

Website | Twitter | Medium | Telegram |

Thena DEX Grows Over 800%

Thena Fi has grown over 800% in the last 30 days, just over a month after launch. The protocol has ridden price increases, smart partnerships, and more to bring its Total Volume Locked (TVL) to over $130 million.

Thena’s performance is far and away the top performer of any protocol in the last month, according to data from DefiLlama. No other project grew more than 85%, making the feat achieved by Thena quite impressive. The protocol now sits firmly in of DefiLlama’s Top 10 Decentralized Exchanges (DEX) by volume on BNB Chain, ahead of names like Wombat Exchange, BabyDogeSwap, and Ankr.

Thena’s growth in TVL can be attributed in part to the partnerships secured across the BNB Chain ecosystem which have led to the influx of funds. Using reward and bribe incentives, partnerships with major names like Stader, Beefy Finance, 1inch, and more, have helped boost the ecosystem and its offerings.

The protocol offers APYs over 10% for stablecoins liquidity providers, and there are yields of over 200% for pairs related to the native THE token. There are also liquidity options and incubation-style servicees for projects.

What is Thena Finance:

THENA is a decentralized exchange ecosystem on BNB Chain. THENA is designed to be the native liquidity layer of BNB Chain. The protocol seeks to build partnerships that enable a decentralized and open-source economy and builds on a collaborative strategy to solve the liquidity problem for projects.

Where to find Thena Finance:

Website | Twitter | Medium |

NNS Dapp Canisters Completed for Upgrade

Just a week after the first Chain Key Bitcoin (ckBTC) was minted on the Internet Computer (ICP), the Network Nervous System (NNS) Canister Upgrades are nearly complete. The move effectively ushers in ckBTC wallet functionality and opens the ICP ecosystem to Decentralized Finance (DeFi) for Bitcoin.

The upgrade, referenced on Twitter by Manu Drijvers, a Cryptography Researcher at DFINITY, still requires a few more upgrades to scale functionality to the public but represents a significant step toward Bitcoin DeFi. The proposal on the ICP dashboard has near-unanimous approval to launch the code canisters that will give easy ckBTC functionality to decentralized wallets.

Once the canister upgrades are released, projects can begin deploying the code on different wallets across the ICP ecosystem. It’s at that point when Bitcoin liquidity will be fully unleashed into the network.

ckBTC will be able to be traded for native Bitcoin (BTC) and represents a 1:1 analog for Bitcoin on the Internet Computer network. The ckBTC version of Bitcoin has a stronger and more decentralized trust architecture, making it safer and more seamless for DeFi than a wrapped token bridge counterpart. Simply put, Bitcoin DeFi has enormous potential.

The transactions that use Bitcoin on the Internet Computer will also use the native $ICP as its gas token. The transactions occurring through the Bitcoin network will auto-convert BTC to ICP and burn it, making the transactions deflationary for the $ICP token.

The ckBTC wallet upgrade is a major milestone for the ICP community, helping bring Bitcoin compatibility to DeFi for the first time on the Internet Computer. The ckBTC will unlock DeFi services for ckBTC throughout the Decentralized Applications (Dapps) in the Internet Computer ecosystem.

Stay tuned for more updates.

What is the Internet Computer:

Internet Computer (ICP) is a set of protocols that allow independent data centers around the world to band together and offer a decentralized alternative to the current centralized internet cloud providers. The Internet Computer is a World Computer blockchain that can host and run mass-market social networks, online games, video streaming services, or enterprise systems entirely on the blockchain itself — eliminating the need for centralized IT and cloud services. The native ICP token is used for governance (holders can vote on the future of the network), to reward network participants for good behavior, and is used to pay fees for making transactions.

Where to find the Internet Computer:

Website | Twitter | Medium | Discord |