HIP-16 [DG] Gateway V2 connector for PancakeSwap on BNB Smart Chain

Category : Dev Grant Linked HGP : HGP-19 [DG] Get Hummingbot connector forks into the codebase! Github Handle : https://github.com/CoinAlpha Ethereum Wallet : 0x3EFe566A7A8d5A9637eB037626792a31c7064bCd Total HBOT Requested : 200,000 HBOT Estimated Dev Days : 10 person days HBOT Per Day : 20,000 HBOT

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Summary

Proposal to integrate BNB Smart Chain into Gateway and build a connector for PancakeSwap. The connector will be built following CoinAlpha's standard of quality and performance.

URL : https://pancakeswap.finance/

According to CoinMarketCap, PancakeSwap is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.

It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return.

These tokens can later be used to reclaim their share of the pool, as well as a portion of the trading fees. These LP tokens are known as FLIP. PancakeSwap also allows users to farm additional tokens such as CAKE and SYRUP. On the farm, users can deposit LP tokens and get rewarded with CAKE.

PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.

Reference: https://coinmarketcap.com/currencies/pancakeswap/

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Description

1. Create a new chain in Gateway to allow interaction with BNB Smart Chain : https://docs.bnbchain.org/docs/learn/intro
2. Build a connector for PancakeSwap. SDK : https://github.com/pancakeswap/pancake-swap-sdk

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The connector will also undergo several days of our own QA testing to help the Foundation make sure it performs as expected and meets the minimum standard of quality.