According to a ChainCatcher report, the PancakeSwap governance forum shows that the PancakeSwap team has proposed a plan to reduce the maximum supply of the CAKE token from 450 million to 400 million. The team stated that since September 2023, CAKE has remained in a deflationary state, and this trend is expected to continue. The team has accumulated approximately 3.5 million CAKE tokens as an ecosystem growth fund, which will be prioritized for protocol development needs, making it less likely for the protocol to return to an inflationary state. The proposal will enter the voting phase after community discussion. If passed, the maximum supply cap of CAKE will be reduced by 50 million tokens.
PancakeSwap Proposes Reducing CAKE Max Supply to 400M from 450M
ChaincatcherShare
Summary
PancakeSwap has proposed reducing the maximum supply of CAKE from 450 million to 400 million. The team stated that CAKE has been deflationary since September 2023, and this trend is expected to continue. PancakeSwap holds approximately 3.5 million CAKE to support ecosystem growth, with a focus on protocol development to manage inflation metrics. The proposal will open for voting after community discussion.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.