The purpose of permanently locking pancakeswap (pancakes) after adding liquidity is to completely give up control over the fund pool, and the pool cannot be withdrawn forever. It is mainly aimed at permanently locking positions after the project party completes the addition of liquidity for the first time. This relinquishes ownership of the liquidity, which can never be revoked again. The liquidity added by subsequent users is not affected by the lock-up, and the pool can be withdrawn at will.
The purpose of permanent lock-up:
- It is publicly displayed to the public that it has permanently given up control over liquidity, and will never be able to withdraw from the pool.
- When checking through AVE or other contract audit and inspection software, it can display and give up all LP permissions, which can reduce the transaction risk of the contract and improve the contract rating.
3. Reduce the risk that the project party can withdraw the pool at any time, and can directly query the locking status of LP through the blockchain browser.
4. Locking LP for a specified time or giving up LP ownership permanently is now the most basic security standard for all tokens. The most important thing is that the project party will not withdraw the pool and run away.
The following details the operation steps of permanently giving up LP ownership to achieve permanent liquidity lock-up:
After adding liquidity, obtain the liquidity address . Take
the contract address: 0x0b57cB5e034522d774C497c5cadF6553b2A75948 as an example
The screenshot shows: 3.178% of LPs are locked to pinksale's recognized lock address, 0.777% of LP users have
permanently given up LP ownership, that is, the permanent lockup of the liquidity added by the project party has been realized, and the flow added by subsequent users Sex can be revoked at will and is not controlled by this.
So far, the permanent lock-up of pancakeswap pancakes has been completed after adding liquidity.
