PancakeSwap Community Voted To Pass CAKE Tokenomics Vol. 2.5. CAKE Syrup Pool Will Be Reduced From 6.65 To 3 CAKE Per Block

PancakeSwap community voted 88.8% yes votes to pass the proposal for CAKE tokenomicsvol. 2.5. The proposal will immediately reduce CAKE Syrup Pool emissions from 6.65 CAKE per block (43% APR) to 3 CAKE per block (2% APR). After six month or around November the emission will be reduced to 0.35 CAKE per block.

PancakeSwap is the 85th largest crypto by marketcap. It is the largest DeFi platform in BNB Chain with 2.08 billion TVL. It supports Ethereum, BNB Chain, and Aptos.

The price of CAKE continues to fall after the community passed the proposal for CAKE tokenomics vol.2.5. CAKE price decreased 31% from $3.65 to $2.51 per CAKE.