A vote to reduce block rewards emitted by decentralized finance protocol PancakeSwap is nearing completion, with nearly 70% of votes in favor of an "aggressive reduction." The "version 2.5" tokenomics proposal would move CAKE towards a deflationary model by cutting token rewards to traders and stakers by over 68%. The emissions on Syrup Pool, PancakeSwap's main liquidity pool on BNB Smart Chain, would drop by 94% under the proposal. Cake's emission rates were seen as unsustainable, relying on a constant flow of new money to be maintained and not benefiting long-term cake holders. The vote ends on April 28.

Pancakeswap’s native token (CAKE) has plummeted to $2.83 from roughly $3.33 in the last 24 hours — down over 15% at press time.

Project leads at the decentralized crypto exchange PancakeSwap on Tuesday proposed lowering the inflation rate target for its native CAKE token to 3-5%, a drastic cut from its current rate above 20%.

PancakeSwap [CAKE] v3 was recently deployed on the BNB smart chain and the timing could not have been more ideal. The rollout underpins the expanding DeFi horizon especially now that crypto is facing a lot of pressure from regulators in the West.

PancakeSwap [CAKE] is all set to release its latest version on 14 April, which might play a role in increasing the network’s transactions. According to Dune, CAKE’s number of transactions has taken a sideways path lately.

PancakeSwap (CAKE), the leading multichain decentralized exchange (DEX) running on the Binance Smart Chain (BSC), has suffered a significant 12% drop in its total value locked (TVL) to $2.4 billion.

With a Daily Active Users (DAU) of 127,790, PancakeSwap [CAKE] was able to climb to fourth per the metric, Token Terminal revealed. According to blockchain data analytics platforms, it took a 12.1% increase in 24 hours for CAKE to hit the milestone.

PancakeSwap [CAKE] recently made another major announcement that has the potential to increase the functionality and capabilities of the chain.

PancakeSwap announced the results of the latest round of burning CAKE, the decentralized exchange's native token. According to the data presented, 6.95 million tokens were burned, whose equivalent value at current prices is $28 million.

PancakeSwap [CAKE] recently revealed that they have been working with Hashflow to bring a new syrup pool and farm to PancakeSwap. Before voting on PancakeSwap, the hashflow must receive more than 60% support for the syrup pool and farm.