The Pancakeswap team informed its community members via Twitter on Friday that the CAKE Tokenomics v2.5 Decision Proposal passed with reduction of CAKE Syrup Pool emissions to 3 CAKE/block immediately. The team added that the execution was to take place immediately. The new tokenomics offers benefits for long-term CAKE stakers, low staking inflation, and real yield.
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 3% today and is currently trading at $2.612.