TL;DR
- PancakeSwap integrates Zyfi to offer gas-free transactions on certain token pairs, potentially attracting more users to DeFi.
- The integration of Zyfi eliminates the need to acquire Ether to pay transaction fees on Ethereum, allowing the use of over 10 different ERC-20 tokens.
- In addition to gas-free transactions, the DEX offers fees sponsored by zkSync, and other DeFi protocols, promoting greater liquidity on the platform.
PancakeSwap, the decentralized exchange (DEX) operating on the Ethereum network, has decided to integrate Zyfi into its platform to enhance the user experience. The aim is to enable gas-free transactions on certain token pairs, which could attract a larger user base to the DeFi sector.
So far, one of the barriers for new users entering the DeFi economy has been the need to acquire Ether (ETH) to pay transaction fees on the Ethereum network. However, with the integration of Zyfi on PancakeSwap, users can now bypass that need. Instead, they can use over 10 different ERC-20 tokens, making transactions more affordable and accessible.
🐰PancakeSwap has integrated @Zyfi_org on zkSync Era
👋Say goodbye to the limitations of native network tokens; pay gas fees with 10+ ERC-20 tokens
🆓⛽️Limited Offer: Enjoy gas-free transactions on zkSync Era PancakeSwap
👉https://t.co/d7k66jx6I4https://t.co/KnsL5EAhct
— PancakeSwap v4🥞 (@PancakeSwap) June 11, 2024
The initiative has the potential to significantly simplify the trading process in DeFi and foster greater adoption. New and existing users will be able to enjoy a smoother and more convenient trading experience, without the need to worry about acquiring a specific cryptocurrency to pay fees.
PancakeSwap Opens the Doors to DeFi Adoption
In addition to gas-free transactions, the DEX offers the possibility for certain token pairs to have their transaction fees sponsored by PancakeSwap, zkSync, or other DeFi protocols. This aims to make trading more affordable and, in turn, promote greater liquidity on the platform.
Furthermore, the integration of Zyfi into zkSync Era PancakeSwap provides users with the opportunity to accumulate gas points. These points increase the chances of receiving Zyfi token airdrops with each transaction made on the platform. This could incentivize the use of the DEX and increase user participation on the platform.
Making transactions more accessible and affordable is a necessary step to boost adoption of the decentralized economy, and PancakeSwap is clear about that. The integration of Zyfi is likely to have a positive impact on the sector as a whole.
