PancakeSwap said that PancakeSwap Perps received a major upgrade, rebuilding the product from its legacy liquidity-pool design. According to the blog, the new Perps engine now runs on a full order book model, replacing the old LP-based system.
The update affects PancakeSwap perps traders by changing how liquidity, pricing and execution work. The exchange said the order book design improves capital efficiency, removes oracle dependency, supports tighter spreads and adds tools such as isolated margin, multi-asset mode, limit orders and stop orders.
PancakeSwap said the legacy version remains available for users who prefer it, while the new product adds Simple Mode for one-tap long or short trades with preset sizes. The next point to watch is user migration, as Perps New is positioned as a cleaner trading path for both beginners and experienced traders.
Source: PancakeSwap Blog.
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