🌊 Liquidity Migration Alert: Transitioning from V2 to V3
We're delighted to announce the migration from V2 to V3 across our @PancakeSwap and @Uniswap pools, marking a significant enhancement for the $PAID ecosystem and our users.
Decoding V3 from V2: What's New?
🥞 PancakeSwap: V3 introduces a restructured fee system and optimised capital efficiency, elevating the platform beyond its V2 capabilities.
🦄 Uniswap: V3's innovative Concentrated Liquidity feature offers a more efficient approach to liquidity provision, differentiating it from V2.
💸 V3 Trading Fee Structure:
V3 brings diverse trading fee tiers for both Uniswap and PancakeSwap. Uniswap features 0.01%, 0.05%, 0.30%, and 1% fee tiers, while PancakeSwap offers 0.01%, 0.05%, 0.25%, and 1%.
Why Migrate? For a Better Trading Experience
📈 Enhanced Capital Efficiency: Aims to optimise capital utilisation for liquidity providers.
💰 Lower Trading Fees: Provides a more cost-effective trading framework.
🎯 Versatile Platform: Upgrades to a more adaptable and efficient trading environment.
The Migration Process:
🔄 Initial Migration Step: We initiate the migration today, thursday, starting with 30% of the liquidity on each chain.
🕰️ Gradual Ratio Adjustment: The ratio of V3:V2 liquidity will incrementally increase over time, ensuring a calculated and smooth transition.
Please Note: The initial migration step will involve migrating 30% of our liquidity on each chain to V3. Over time, we will gradually increase the ratio of V3:V2 liquidity, following a thoughtful and strategic approach.
This strategic migration aims to create a more efficient and user-friendly trading environment for the $PAID token ecosystem and our community.