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Pancakeswap Submits A New Farm Rewards Adjustment Proposal

Twitter icon  •  Published 1년 전  •  Hassan Maishera

The Pancakeswap team has informed its community of a new farm rewards adjustment proposal.

The Pancakeswap team has informed its community of a new farm rewards adjustment proposal. The proposal seeks to reduce CAKE rewards on certain farms, which will mean those rewards will be distributed back across all other existing farms. If approved, the proposal will also give Pancakeswap the capacity to add more new Syrup Pool/farm combos. 

The team added that the purpose of these proposals is to redirect CAKE rewards given to farms that are underperforming and give them to farms that are providing the most value. In other words, redistributing farm rewards from the farms mentioned below will boost APRs for all other farms.

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 more than 2% today and is currently trading at $3.386.

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.