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Pancakeswap Announces CAKE Emission Reduction

Twitter icon  •  Published 1년 전  •  Hassan Maishera

The Pancakeswap team informed its community via Twitter on Thursday that CAKE emissions are now 12.75 per block.

The Pancakeswap team informed its community via Twitter on Thursday that CAKE emissions are now 12.75 per block. The team said the Chefs implemented some configuration upgrades to take full advantage of MasterChef v2. It eliminates the 45,000 CAKE daily burn for the legacy lottery injections. Those burns will now be handled by MasterChef v2 directly along with the usual weekly CAKE burn. Therefore, the effective emissions are now even lower.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by 4% today and is currently trading at $4.319.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.