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.