PancakeSwap Suggests Making CAKE Deflationary Coin
Main page News, Altcoins, Token, DEX

The team of developers behind PancakeSwap has suggested significant improvements to CAKE tokenomics as they want to move the token towards a deflationary model based on real yield and burn.

Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world

In a forum proposal published on Tuesday, PancakeSwap proposed changes, which — if approved — would lower annual CAKE supply inflation rate to 3-5% from the current 21-23%. The team particularly recommended that CAKE stakers would be allocated 5% of trading fees from PancakeSwap v3, to lower staking allocation to 0.35 – 1 CAKE/block instead of 6.65 CAKE/block and increase the token's emission weighting towards longer-term stakers.

Binance Labs Makes Investment in PancakeSwap

PancakeSwap says the proposal aims to transform from the high-inflation CAKE staking model to a "low-inflation model with real yield and utility." The vote on the proposal is set to end on April 21.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange

Read also:
Please describe the error