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Pancakeswap Submits A Proposal For Adjustments To BNBChain V2 Farm Rewards

Twitter icon  •  Published il y a 6 mois  •  Hassan Maishera

The Pancakeswap team told its community via X (formerly Twitter) on Thursday that it has submitted a new proposal to adjust farm rewards.

The Pancakeswap team told its community via X (formerly Twitter) on Thursday that it has submitted a new proposal to adjust farm rewards. The team propose 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. Ultimately, the migration opens the opportunity to contribute a greater amount of CAKE towards the weekly burn.

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 1% today and is currently trading at $1.091.

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.