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PancakeSwap integrates Zyfi for Gas Free Transactions for Millions of Traders Globally
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PancakeSwap integrates Zyfi for Gas Free Transactions for Millions of Traders Globally

2024-06-11 by Ndaman Olayinka 3 minutes read
PancakeSwap integrates Zyfi for Gas Free Transactions for Millions of Traders Globally

PancakeSwap has announced its latest integration with Zyfi in the zkSync era.

With this integration, PancakeSwap users can pay gas fees with any of the more than ten supported ERC-20 tokens, doing away with the requirement for native network tokens. Furthermore, PancakeSwap users now have a special chance to take advantage of sponsored gas fees for specific trading pairs, which improves the user experience overall and results in even lower gas fees, according to a statement by the company.

The new integration removes the need to hold special gas tokens by allowing PancakeSwap users to pay for gas with more than ten ERC-20 tokens. Chef Brownie, the marketing lead at PancakeSwap, stated, "Gas-free transactions streamline the trading process and take away a significant obstacle for new DeFi users. Our company enables gas payments with a range of ERC-20 tokens, facilitating easier and more accessible transactions, boosting user satisfaction, and promoting wider adoption.

The zkSync team stated it is offering $5,000 in gas credits to commemorate this merger on a first-come, first-served basis. Until the $5,000 sponsorship runs out, users can take advantage of gas-free services with the zkSync Era PancakeSwap.

Traders can increase their chances of getting Zyfi’s token airdrops by using Paymaster on zkSync Era PancakeSwap to earn gas points. Users accumulate more points by performing more tasks. With a daily trading volume of over $311 million, PancakeSwap is currently the sixth-largest DEX, according to CoinMarketCap data. Additionally, DefiLlama reports that PancakeSwap has a total value locked (TVL) of up to $2 billion, maintaining its position as one of the best DeFi protocols available.

Disclaimer: This information should not be considered financial advice by any means. Please do your own research before making any investment decisions. The views in the articles are personal opinions only. Whale Insider is not responsible for any financial losses incurred.