Pi Network V23 Smart Contracts Update Boosts DEX and Rewards

Pi Network is gearing up for a major upgrade with its V23 protocol. It is bringing smart contracts to the forefront of its ecosystem. The update is crucial, as all Pi apps rely on V23 to function fully. Developers are actively meeting with the Core Team each week to ensure a smooth rollout. Once V23 is live, users will have access to Pi DEX and liquidity pools. This makes decentralized trading and earning rewards simpler and more profitable. Unlike centralized exchanges, these features allow users to keep their Pi tokens in the ecosystem. While still benefiting from trading and liquidity incentives.

Pi DEX and Liquidity Pools

With the V23 update, Pi Network is emphasizing decentralized finance through its DEX and liquidity pools. Users will no longer need to transfer their Pi tokens to external exchanges for trading. Instead, DEX and liquidity pools provide the first choice platform for maximizing rewards. This move aims to strengthen Pi’s internal economy while offering higher incentives for active participants. The update is expected to drive demand for Pi, as users increasingly prefer on-chain solutions. That offers more control and flexibility over their tokens.

Hackathon Momentum

The Pi Hackathon 2025 is also generating excitement. As the final submission deadline approaches on October 15. The event has already attracted 173 dApps, with 73 added recently. This reflects rapid growth in the Pi ecosystem. Participants compete for a share of 160,000 Pi in prizes. It encourages innovation and creativity within the network. Hackathons like this not only highlight the project’s technological advancements. But also engage the community in shaping the future of Pi Network. The V23 smart contract support allows these dApps to leverage more complex functionalities. It offers better user experiences and more robust applications.

KYC and Network Security

Security remains a top priority for Pi Network. The project employs an advanced KYC system. That combines photo ID verification with facial recognition to ensure all users are genuine. This AI driven process protects millions of Pioneers while maintaining privacy. Personal data is encrypted and controlled exclusively by users, which prevents unauthorized access. Multi layered security measures protect transactions and Pi wallets from fraud. The strong emphasis on identity verification and digital trust ensures that the ecosystem remains safe. This is essential as the network moves toward a full mainnet launch.

Building a Trusted Digital Economy

By combining V23 smart contracts, decentralized trading platforms and rigorous KYC protocols. Pi Network is positioning itself as a secure and user friendly digital economy. Verified and active users contribute to a more reliable network. It fosters trust in transactions and community growth. As Pi prepares for the mainnet and continues to expand its offerings. These updates underscore the project’s commitment to transparency, security and decentralization. Pioneers can expect a stronger more functional network that rewards participation. While ensuring safety and reliability across all operations.

The upcoming V23 rollout, combined with the Hackathon and enhanced security measures. It marks a pivotal moment for Pi Network. It demonstrates the project’s dedication to building a robust, decentralized ecosystem. These users retain control and participate actively. They benefit from an increasingly sophisticated blockchain environment.