One of the leading decentralized finance platforms of PancakeSwap Its developers set the inflation target for the native cryptocurrency CAKE at a tighter rate.
Developers are expecting more-than-expected supply CAKE plans to lower the inflation target for the token from 20% to the 3% – 5% range. “Version 2.5” The so-called token economy bill aims to switch CAKE to a deflationary structure by reducing paid token rewards by one-third.
of PancakeSwap BNB Smart Chain CAKE tokens spent on Syrup, the main liquidity pool running on it, are expected to decrease by 94%.
PancakeSwap official named Chef Brie made the following statement on the project’s official Discord server:
“Our new proposal aims to move from a hyperinflationary staking model to a price stability model with real returns and benefits.”
Voting is expected next week for the new token economy model prepared by PancakeSwap developers.
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