PancakeSwap Launches New CAKE Tokenomics Proposal

$CAKE, PancakeSwap’s native token, has issued a new proposal for holders and investors on the platform to vote on the future of its inflationary mechanics while also reducing emissions to be more sustainable. If approved, the proposal will also help the token to generate real yield and enhanced staking rewards in what they call “ultrasound CAKE.”

1/3 📣We are proposing significant improvements to CAKE tokenomics to achieve ultrasound CAKE (emissions neutral or deflationary) immediately.

Link of proposal:https://t.co/2rtGhnRh3h pic.twitter.com/W5HFHloNsB

— PancakeSwap🥞Ev3ryone's Favourite D3X (@PancakeSwap) April 18, 2023

Currently, the $CAKE token is capped at a 750 million token limit to combat inflation of the cryptocurrency which was approved via a vote in 2022 while the new proposal will put more emphasis on staking circulating $CAKE tokens that will bring better rewards to users who have staked their $CAKE tokens in various liquidity pools for lengthy periods of time.

A formal proposal is expected to be released later this month with more specific dates about the vote and when it will conclude.