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Pancakeswap Submits A Proposal For Adjustments To Farm Rewards

Twitter icon  •  Published 2 years ago on August 21, 2023  •  Hassan Maishera

The Pancakeswap team told its community via Twitter on Friday that it has submitted a new proposal to adjust farm rewards.

Pancakeswap Submits A Proposal For Adjustments To Farm Rewards

The Pancakeswap team told its community via Twitter on Friday that it has submitted a new proposal to adjust farm rewards. The team wants 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.

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 1% today and is currently trading at $1.314.

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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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