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Just now·3 min read
Many of you have asked us questions about the arrival of PancakeSwap V2. This migration will take place on Friday, April 23rd at 5AM UTC.
In order to help you to see more clearly, we decided to write a little overview of what will happen and how it could affect you on HyruleSwap.
What is PancakeSwap V2?
To make it short, it’s mostly a migration from 2 smart-contracts to 2 new, upgraded ones. In other words, PancakeSwap will create a new set of LP tokens and the PancakeSwap farms and exchange will support this new type instead of the old one.
This migration is due to the fact that PancakeSwap wants to scale-up. Indeed, for the moment, many of PancakeSwap’s tools are not upgradeable, and therefore many features or modifications can’t take place (like the fee structure).
What will change on PCS?
You can look at the following table which summarizes all the changes coming in the near future. We can see several points such as increased gamification, improved UI/UX or the referral program. For the time being though, only the V2 is going take place, which encompasses the Masterchef and farms’ update.
What should I do?
Concretely on HyruleSwap you don’t need to do anything for the moment. Indeed, PancakeSwap has not yet communicated all the details, so we would rather wait than rush things.
As communicated by PancakeSwap, on your side there is nothing to do, and we will keep you informed as soon as we implement it.
Furthermore, PancakeSwap mentionned that “ there will probably be a legacy interface for PCS where you can interact with your LP’s.”
For any other details about other platforms on which you have stake your assets the best is to ask them directly or refer to the official communication of PancakeSwap, otherwise you can check herunder.
That’s all for now! To sum up, there is no need to worry, you can continue all your operations as usual, we will keep you informed when we start the migration to V2. Funds are safu!
- Date of publication:
- Thu, 04/22/2021 - 14:48
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