Pi Network V23 Smart Contracts Update Boosts DEX and Rewards

Pi Network is gearing up for a fundamental red meat up with its V23 protocol. It is bringing neat contracts to the forefront of its ecosystem. The update is compulsory, as all Pi apps depend on V23 to characteristic fully. Builders are actively meeting with the Core Team every week to originate determined a soft rollout. Once V23 is are living, customers will possess get entry to to Pi DEX and liquidity swimming pools. This makes decentralized shopping and selling and earning rewards more good and more successful. In inequity to centralized exchanges, these parts allow customers to address their Pi tokens in the ecosystem. Whereas composed benefiting from shopping and selling and liquidity incentives.

Pi DEX and Liquidity Pools

With the V23 update, Pi Network is emphasizing decentralized finance through its DEX and liquidity swimming pools. Users will no longer favor to transfer their Pi tokens to external exchanges for getting and selling. As a change, DEX and liquidity swimming pools provide the first decision platform for maximizing rewards. This walk objectives to red meat up Pi’s internal economy whereas offering larger incentives for stuffed with life people. The update is anticipated to drive establish a question to for Pi, as customers increasingly more desire on-chain solutions. That provides more control and suppleness over their tokens.

Hackathon Momentum

The Pi Hackathon 2025 can even be producing excitement. Because the last submission deadline approaches on October 15. The tournament has already attracted 173 dApps, with 73 added no longer too long ago. This reflects like a flash growth in the Pi ecosystem. Participants compete for half of 160,000 Pi in prizes. It encourages innovation and creativity within the network. Hackathons like this no longer easiest highlight the project’s technological advancements. But additionally engage the neighborhood in shaping the manner forward for Pi Network. The V23 neat contract red meat up permits these dApps to leverage more complex functionalities. It provides higher user experiences and more strong purposes.

KYC and Network Security

Security remains a top precedence for Pi Network. The project employs an developed KYC system. That mixes photo ID verification with facial recognition to originate determined all customers are valid. This AI driven assignment protects hundreds and hundreds of Pioneers whereas retaining privateness. Inner most data is encrypted and controlled completely by customers, which prevents unauthorized get entry to. Multi layered security features give protection to transactions and Pi wallets from fraud. The solid emphasis on identification verification and digital have faith ensures that the ecosystem remains stable. This is needed as the network strikes in direction of a chubby mainnet launch.

Building a Depended on Digital Financial system

By combining V23 neat contracts, decentralized shopping and selling platforms and rigorous KYC protocols. Pi Network is positioning itself as a stable and user pleasant digital economy. Verified and stuffed with life customers make contributions to a more legit network. It fosters have faith in transactions and neighborhood growth. As Pi prepares for the mainnet and continues to originate larger its choices. These updates underscore the project’s dedication to transparency, security and decentralization. Pioneers can request a stronger more functional network that rewards participation. Whereas ensuring security and reliability across all operations.

The upcoming V23 rollout, blended with the Hackathon and enhanced security features. It marks a pivotal moment for Pi Network. It demonstrates the project’s dedication to constructing a sturdy, decentralized ecosystem. These customers retain control and participate actively. They procedure conclude pleasure in an increasingly more sophisticated blockchain ambiance.