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Pancakeswap Proposes A New CAKE Emission Reduction

Twitter icon  •  Published 1년 전  •  Hassan Maishera

The Pancakeswap team informed its community via Twitter on Monday that they have a new emission reduction proposal.

The Pancakeswap team informed its community via Twitter on Monday that they have a new emission reduction proposal. The team said the goal is still for CAKE to become emission neutral or deflationary over the longer term, i.e. ultrasound CAKE. Pancakeswap proposes to reduce Syrup Pool emissions while still ensuring competitive yields for long-term CAKE stakers. The voting starts today at 11:00 UTC, Pancakeswap added. 

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 $3.441.

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.