DeFi Landscape Shakeup: PancakeSwap and Aave Crypto Outperformed by Collateral Network
As the decentralized finance (DeFi) ecosystem matures, new projects are emerging to challenge established players. Among these, Collateral Network (COLT) is making waves during its presale phase as it has already witnessed a surge of 40% to the current price of $0.014 in stage 2, already outperforming well-known DeFi giants such as Aave (AAVE) and PancakeSwap (CAKE). Let’s look at Collateral Network and why it’s making such an impact.
PancakeSwap Launches Liquid Staking Integration with Binance Earn
PancakeSwap partnered with Binance Earn to offer the liquid staking integration for the WBETH (Wrapped Beacon Ethereum) token! With this integration, PancakeSwap now offers the easiest and most convenient way to stake ETH. By converting your ETH directly to WBETH, you’ll receive ETH staking rewards and you can also use WBETH to transfer, trade and use on other platforms.
PancakeSwap DAO Passes Proposal to Reduce CAKE Tokenomics Emissions for Real Yield and Long-Term Stakers
The "aggressive reduction" option will adjust CAKE Syrup Pool emissions from 6.65 CAKE/block to 3 CAKE/block immediately.
TRON Founder Justin Sun Redeems 43.19 Million TRX, Transfers to Binance in Multi-Million Dollar Move
Justin Sun, the founder of TRON, redeemed 43.19 million TRX from the Venus and PancakeSwap platforms.
PancakeSwap DAO Votes For “Aggressive Reduction” of CAKE Token Inflation
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.
CAKE Plunges 15% Amid Mass Unlocks; CEO Says ‘Sky-High Yields’ Are History
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.
PancakeSwap Leaders Propose Cutting CAKE Token Inflation Target to 3%-5%
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%.
