📣 PancakeSwap Proposes to Cut Down the CAKE Supply
posted 21 Dec 2023
Decentralized exchange PancakeSwap has published a discussion proposal to reduce the CAKE maximum token supply from 750 mln to 450 mln.
"By reducing our token supply by 300,000,000 $CAKE, we signal PancakeSwap’s successful pivot from a high-inflation emissions model, to a much more efficient flywheel," the project wrote on X.
In the wake of this news, CAKE has risen by over 15%, currently trading around $2.7 (as of the time of this announcement).
This move is part of PancakeSwap's ongoing efforts to manage the inflation of its native token. Previously, they have significantly decreased the staking rewards for CAKE.
For more insights, our website offers a comprehensive review of the CAKE token and PancakeSwap V3.
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