PancakeSwap Upgrades Perpetual Contracts with New Order Book Model

PancakeSwap has upgraded its perpetual contracts by replacing the previous liquidity pool-based oracle pricing model with a complete order book model. According to Foresight News, this change allows price discovery to occur within the order book itself, eliminating reliance on external oracles. The new version supports isolated and cross-margin modes, limit orders, stop-loss orders, and a multi-asset mode. Additionally, the update introduces a Simple Mode, enabling users to easily go long or short by selecting from preset position sizes, with leverage up to 200x. The previous version of the perpetual contracts remains available for use.