PancakeSwap Launches Perpetual Swaps for AAPL AMZN TSLA in DeFi Expansion

PancakeSwap has introduced perpetual swaps for Apple (AAPL), Amazon (AMZN), and Tesla (TSLA) shares, expanding its decentralized finance (DeFi) trading platform to include traditional stock exposure through derivative contracts [1]. These perpetual swaps enable traders to speculate on the price movements of major tech stocks with up to 25x leverage, while maintaining full custody of their assets [1]. Unlike crypto and forex pairs that trade 24/7, stock perpetuals are aligned with traditional market hours, reflecting the underlying equity prices in real time [1].

The platform has enhanced its capabilities with recent upgrades, including a liquidity engine based on the ALP pool and integration of price oracles from Pyth, Binance Oracle, and Chainlink. These updates have streamlined the trading experience and improved price accuracy for users [1]. PancakeSwap also removed the order book model, allowing users to trade directly from their wallets without transferring assets to an exchange, reinforcing the non-custodial nature of the platform [1].

The launch of perpetual stock trading follows the introduction of PancakeSwap Perpetuals in 2022 and reflects the platform’s broader strategy to offer diversified financial instruments. The DEX plans to continue expanding its product offerings in the coming months to cater to a wider range of DeFi traders [1].

According to DeFi Llama, PancakeSwap ranks as the second-largest decentralized exchange by daily trading volume, with over $1.7 billion in daily transactions and $2.01 billion in total value locked (TVL) [1]. In July, the platform reported more than $28.6 million in revenue and processed $146.6 million in trading fees, indicating strong operational performance [1]. However, the native token CAKE has shown limited price movement, rising just 0.5% in the last 24 hours, suggesting mixed investor sentiment [1].

The inclusion of major equities into DeFi trading represents a significant step toward bridging the gap between traditional and decentralized finance. By allowing traders to access high-liquidity stock derivatives within a non-custodial environment, PancakeSwap is addressing a key demand in the DeFi space for more traditional asset exposure without compromising on security or autonomy.

Source:

[1] PancakeSwap Brings Apple, Amazon, Tesla Perpetuals to DeFi Traders (https://coinpaper.com/10388/pancake-swap-brings-apple-amazon-tesla-perpetuals-to-de-fi-traders)