Binance-backed decentralized cryptocurrency exchange (DEX) PancakeSwap aims to reduce the inflation of its native token CAKE.
The PancakeSwap developer team released it on its official website on April 18. token economy version 2.5 In the proposal, CAKE’s annual inflation your goal 3% to 5% between to drop suggested.
In the proposal, the average rate of inflation currently 20% It is stated that this rate is approximately 75% in order to reduce 1/3 of the returns rate lowering It was discussed.
Inflation rate 3% to 5% Within the scope of the target of reducing the emission rate of Cake Syrup Pool to 0.35 from 6.65 levels and block per 9.2 emissions that continue at levels of 2 was stated to be necessary.
The following statements were used on the subject:
Block emission rates above 2 remain inflationary for existing CAKE owners and shareholders.
On the other hand, CAKE’s annual return is aimed to be reduced from 41% to 2%. CAKE staking users, whose income will decrease if the new offer is approved, will receive monthly income from some tiers of PancakeSwap v3. 5% of will win.
In addition, the developers of CAKE burning rates to assist deflation targets by increasing in the 2nd quarter three new products offering and on other blockchains to operate He said he was planning.
Your offer 19-21 between April users vote was among the information to be presented.
According to Coinecko data, the latest 30 days in 6.8% depreciating CAKE, end 24 hours in 0.1% as of writing by experiencing the rise $3.61 traded at the level.