PancakeSwap upgrades perpetual contract system: introduces order book architecture and launches "one-click trading" mode

BlockBeats reported that on May 15, PancakeSwap announced a significant upgrade to its Perps perpetual contracts product, completely replacing the previous LP liquidity pool-based trading model with a full order book architecture to enhance capital efficiency, price discovery capabilities, and trading execution quality.

With this upgrade, the platform introduced Simple Mode, allowing users to open and close positions with a "one-click operation" without the need to set margin mode, order type, or complex trading parameters, significantly lowering the threshold for perpetual contract trading and optimizing the experience for beginner users.

At the same time, PancakeSwap retains the Pro Mode for advanced trading, supporting cross/isolated margin, multi-asset collateral, advanced order types such as limit/market/stop-loss/take-profit, and provides a full order book depth view and position management features to meet the needs of high-frequency and professional traders.

The new system supports up to 200x leverage (for BTC and major trading pairs) and expands collateral options to include BNB, USDT, BTC, ETH, and various derivative assets. In addition, spot and contract assets are unified under the same wallet system, allowing users to trade without the need for cross-chain transfers or separate accounts.

According to the official announcement, the new Perps system is supported by Aster order book infrastructure, aiming to deliver a near-centralized exchange (CEX) level execution experience while maintaining on-chain transparency and a non-custodial trading structure.