PancakeSwap's Bold Step Towards Deflationary Tokenomics
PancakeSwap shifts to deflationary model, cutting CAKE supply by 40%
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PancakeSwap shifts to deflationary model, cutting CAKE supply by 40%
PancakeSwap proposes slashing CAKE's supply from 750 million to 450 million, marking a strategic pivot towards stable tokenomics.
PancakeSwap gains over 98% support for introducing veCAKE and voting gauges, enhancing governance, liquidity, and CAKE staker rewards. veCAKE holders, akin to shareholders, can influence CAKE farm emissions and delegate voting rights, potentially earning extra rewards. The phased launch covers BNB Chain, Ethereum, and Arbitrum, reinforcing PancakeSwap's role as a dynamic decentralised exchange.
PancakeSwap has upgraded to V3 by forking the code of the Uniswap V3.
The coin's 24-hour trade volumes, at press time, noted a sharp rise of over 52% standing at over $55 million.
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A snapshot motion issued by the PancakeSwap team received over 11 million CAKE votes since commencement, with the majority of participants favoring the v2 evolution.