Pancakeswap Submits A Proposal For New Updates To Its Farm Auctions

Twitter icon  •  Published 5일 전  •  Hassan Maishera

The Pancakeswap team has informed its community via Twitter that it has submitted a proposal for new updates to its Farm Auctions.

The Pancakeswap team has informed its community via Twitter that it has submitted a proposal for new updates to its Farm Auctions. Pancakeswap is recommending a few changes, including reducing the minimum bidding CAKE from 7,000 to 3,000 CAKE. Also, Pancakeswap wants farm duration to be reduced to 8 days, from the current 10 days, while the multiplier should also be reduced from 1x to 0.5x. The changes are to encourage more projects to take part in the Pancakeswap Farm Auctions, the team 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 1% today and is currently trading at $3.956.

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.

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