PancakeSwap Initiates Important Vote to Reduce CAKE Emission, Token Gains 6%

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U.Today
2d ago2022-06-23

The developers of the largest decentralized exchange built on the BNB Beacon Chain (formerly BSC) network initiated an important vote in accordance with which it is proposed to reduce the number of native CAKE tokens being sent to farm pools directly on PancakeSwap.

The main purpose of the vote is to limit issuance and thus reduce CAKE token inflation. At the same time, it will negatively affect the annual interest rate of farms and staking pools tied to CAKE. The full voting description is available on the PancakeSwap website. The vote will last for two days and will be completed on the morning of June 25.