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Pancakeswap Submits A Proposal For Adjustments To Farm Multipliers

Twitter icon  •  Published il y a 9 mois  •  Hassan Maishera

The Pancakeswap team told its community via Twitter on Friday that it has submitted a new proposal to redirect CAKE rewards from underperforming farms to those that bring in more value, optimizing their CAKE emissions.

The Pancakeswap team told its community via Twitter on Friday that it has submitted a new proposal to redirect CAKE rewards from underperforming farms to those that bring in more value, optimizing their CAKE emissions.

By boosting APRs for higher-performing farms, Pancakeswap can encourage higher volume and liquidity, ultimately leading to greater trading fee revenue and therefore CAKE burns.

This allows Pancakeswap to ensure that CAKE emissions are distributed in a sustainable and beneficial manner.

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 $1.525.

 

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.