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Pancakeswap Implements A New Emission Reduction On Its Syrup Pool

Twitter icon  •  Published 3 years ago on January 2, 2023  •  Hassan Maishera

The Pancakeswap team informed its community via Twitter on Friday that it has implemented a new emission reduction on its Syrup Pool according to its reduction voting proposal.

Pancakeswap Implements A New Emission Reduction On Its Syrup Pool

The Pancakeswap team informed its community via Twitter on Friday that it has implemented a new emission reduction on its Syrup Pool according to its reduction voting proposal. Pancakeswap added that emission is now controlled carefully by Masterchef V2. CAKE tokens to be burned would never actually enter circulation, the team concluded. 

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by 1% today and is currently trading at $3.168.

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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.

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