Pancakeswap Submits A New Farm Multiplier Adjustment Proposal

Twitter icon  •  Published 2ヶ月前  •  Hassan Maishera

The Pancakeswap team informed its community via Twitter over the weekend that it has submitted a new farm multiplier adjustment proposal.

The Pancakeswap team informed its community via Twitter over the weekend that it has submitted a new farm multiplier adjustment proposal. The goal of the proposal is to redirect  CAKE rewards given to farms that are underperforming and give them to farms that are providing the most value. 

By boosting APRs for higher-performing farms, we are able to encourage higher volume and liquidity, ultimately leading to greater trading fee revenue and, therefore, CAKE burns, the Pancakeswap team added. 

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 4% today and is currently trading at $3.868.

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.

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