Do we still like Pancakes?

Halaprix
APOyield
Published in
2 min readApr 26, 2021

Hello SOULdiers, as you have probably noticed Pancake Swap is forcing all users to migrate liquidity from V1 to V2 version of the LP tokens. The reasoning for that was:

“The current PancakeSwap Router and PancakeSwap Factory contracts are not upgradeable. This means that, at present, we can’t do awesome things like adding additional incentives by changing the existing fee structure. Oh, and we’ll also be taking this opportunity to ramp up our operational security.”

The truth is — the new contracts are still not upgradeable, these are the same exact contracts as in V1 — with fees changed from 0.2% to 0.25%. But what will happen if they want to change the fees again? I think you probably know the answer after the failed V2 launch.

Contract differences:

As you can see, being an expert, no expert or casual code reader — the only changes relate to fees.

Knowing that our internal APOswap will keep supporting V1 liquidity (the same regards our farms) — we keep all the liquidity on V1. For now, all the current farms remain as they are, if there are any changes to come we will inform you well in advance! For clarity, we will add V1 and V2 markings on all the farms — from now on new farms will be based on V2 LPs or LPs from one of our partners.

PS. We are not considering SOUL/XXXX migration at all.

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