April 29 (Cointime) - The PancakeSwap DAO has successfully passed a proposal to reduce CAKE tokenomics v2.5 emissions, with 57.77% of the vote in favor of the "aggressive reduction" option.
💖🥞Effective CAKE Pool emissions have now been cut to 3 CAKE per block. Let’s work together towards ultrasound CAKE. https://t.co/xIdXMzNqPP
— PancakeSwap🥞Ev3ryone's Favourite D3X (@PancakeSwap) April 28, 2023
The main objectives of the proposal are to lower staking inflation, provide real yield from PancakeSwap's protocol revenues, and favor longer-term CAKE stakers.
The "aggressive reduction" option will adjust CAKE Syrup Pool emissions from 6.65 CAKE/block to 3 CAKE/block immediately, followed by a monthly reduction of 0.5 CAKE/block for 5 months, with CAKE Syrup Pool emission reduced to 0.35 CAKE/block (~2% APR) at month 6.
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