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.