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Pancakeswap Proposes New Adjustments To BNBChain Farm Rewards

Twitter icon  •  Published il y a 7 mois  •  Hassan Maishera

The Pancakeswap team told its community via X (formerly Twitter) on Thursday that it has submitted a new farm rewards adjustment proposal.

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.

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.