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.