• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Enhanced User Experience at PancakeSwap with Gas-Free Transactions

user avatar

by Giorgi Kostiuk

2 years ago


Decentralized exchanges are striving to engage mainstream users by enhancing user experiences. PancakeSwap, in collaboration with Zyfi on zkSync Era, has introduced gas-free transactions to simplify the trading process. This integration enables users of the decentralized exchange (DEX) to participate in gasless transactions on selected token pairs with fees covered by PancakeSwap, zkSync, or other DeFi protocols. The transition to gasless transactions aims to facilitate wider accessibility to DeFi for mainstream users, potentially increasing adoption rates. Chef Brownie, the marketing lead at PancakeSwap, highlighted how gas-free transactions eliminate a significant barrier for new DeFi users, streamlining trading activities. By allowing gas payments with various ERC-20 tokens, the trading process becomes more seamless and inclusive, thus enhancing user satisfaction and promoting broader adoption. Previously, newcomers in DeFi had to acquire Ether (ETH) to cover transaction fees on the Ethereum network before engaging in trades. With the recent integration, PancakeSwap users can now utilize over 10 ERC-20 tokens to pay gas fees, eliminating the necessity of holding the main gas token. As the sixth largest DEX with a daily trading volume exceeding $311 million, PancakeSwap's simplified trading approach is poised to attract more traders to decentralized exchanges. The simplified trading experience provided by PancakeSwap could potentially lure users away from centralized exchanges, which offer a more intuitive interface and simplified usability. According to Chef Brownie, streamlining trading activities, especially by enabling payment of gas fees with various ERC-20 tokens, enhances the appeal of DEXs. A user-friendly interface and seamless transactions can entice users from CEXs, while also leveraging the benefits of self-custody wallets provided by DEXs. In an effort to overcome the main adoption hurdle for DeFi protocols, PancakeSwap continues to focus on simplifying the user experience. The platform plans to introduce more user-centric features, including the option to pay with additional ERC-20 tokens, to improve the trading journey further. Following the integration, the zkSync team will sponsor $5,000 worth of gas fees on a first-come first-served basis for zkSync Era PancakeSwap users. Traders utilizing Zyfi's paymaster on zkSync Era PancakeSwap will accumulate gas points, potentially increasing their chances of receiving a Zyfi token airdrop with each transaction.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Dogecoin Speculated to Join X's Payment Ecosystem Amid Price Challenges

chest

Speculation about Dogecoin's potential role in X's payment ecosystem has emerged, but its price remains around 0.09.

user avatarRajesh Kumar

Shiba Inu Achieves Major Burn Milestone Amidst Price Struggles

chest

Shiba Inu's network has achieved over 20,000 burn transactions, aiming to reduce its circulating supply. Despite this significant milestone, the price of Shiba Inu continues to trend downward.

user avatarMiguel Rodriguez

Ripple's Legal Battle with SEC Concludes, Opening Doors for XRP Investors

chest

Ripple's long-standing legal issues with the SEC have been resolved, leading to potential investment opportunities for XRP.

user avatarLuis Flores

XRP Faces Resistance at Critical Price Level

chest

XRP token struggles to break past the 140150 price level, experiencing significant dips in value.

user avatarArif Mukhtar

Vercel Faces Security Breach Linked to AI-Assisted Hacking Group

chest

Vercel has reported a significant security incident leading to the exposure of customer credentials, believed to be caused by a sophisticated AI-assisted hacking group.

user avatarDavid Robinson

Concerns Rise Over Security Risks in AI Tools Following Vercel Breach

chest

Concerns rise over security risks in AI tools following Vercel breach.

user avatarMaria Gutierrez

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.