The Pancakeswap team informed its community members via Twitter on Wednesday that it had submitted a new proposal that seeks to lower the Stableswap fees on Pancakeswao. The team wants to lower the stableswap fees from 0.15% to 0.01% in order to provide a better trading experience for PancakeSwap users.
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 7% today and is currently trading at $4.261.