The Pancakeswap team told its community via Twitter on Thursday that they have submitted a new farm multipliers adjustment proposal to vote on. The purpose of this proposal is to redistribute CAKE rewards given to farms that are underperforming and give them to farms that are providing the most value. By redistributing farm rewards from the farms mentioned below, APRs for all other performing farms will be boosted, enabling a more positive environment for increased trading, 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 down by more than 3% today and is currently trading at $4.106.