The Pancakeswap team told its community via X (formerly Twitter) on Thursday that it has submitted a new farm rewards adjustment proposal. The goal of the proposal is to redirect CAKE from underperforming BNB Chain v2 to high-performing BNB Chain v3 farms in order to encourage higher volume and liquidity, ultimately leading to greater trading fee revenue and CAKE burns.
These optimizations will improve the overall efficiency and spend of CAKE across liquidity pools and redirect CAKE rewards towards the highest growth farms, ultimately accelerating the path towards ultrasound CAKE.
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 1% today and is currently trading at $1.160.