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PancakeSwap's DAO Voting for 'Aggressive Reduction' of CAKE Token Inflation
So far, 70% of the community votes have been in favor of reducing block rewards drastically over the next few months.
A community vote to reduce CAKE block rewards emitted by the decentralized-finance protocol PancakeSwap is nearing completion, with nearly 70% of votes of the decentralized autonomous organization, or DAO, in favor of an “aggressive reduction.” The vote will end 15:30 UTC on Friday.
The version 2.5 "tokenomics" proposal would move CAKE toward a deflationary model by slashing the token rewards paid to traders and stakers by over 68%. CAKE “emissions” on Syrup Pools, PancakeSwap’s main liquidity pool on the BNB Smart Chain, would drop by 94%.
Syrup Pools allows users to lock tokens for up to one year in order to earn CAKE rewards.
Read More: https://www.coindesk.com/tech/2023/04/27/pancakeswap-dao-votes-for-aggressive-reduction-of-cake-token-inflation/
So far, 70% of the community votes have been in favor of reducing block rewards drastically over the next few months.
A community vote to reduce CAKE block rewards emitted by the decentralized-finance protocol PancakeSwap is nearing completion, with nearly 70% of votes of the decentralized autonomous organization, or DAO, in favor of an “aggressive reduction.” The vote will end 15:30 UTC on Friday.
The version 2.5 "tokenomics" proposal would move CAKE toward a deflationary model by slashing the token rewards paid to traders and stakers by over 68%. CAKE “emissions” on Syrup Pools, PancakeSwap’s main liquidity pool on the BNB Smart Chain, would drop by 94%.
Syrup Pools allows users to lock tokens for up to one year in order to earn CAKE rewards.
Read More: https://www.coindesk.com/tech/2023/04/27/pancakeswap-dao-votes-for-aggressive-reduction-of-cake-token-inflation/
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