Cryptocurrency News

PancakeSwap governance proposal set to cap CAKE supply at 750M

05/12/2022

Less than a minute

2022.05.12 15:41

PancakeSwap governance proposal set to cap CAKE supply at 750M

PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, has released a governance proposal for the second iteration of its tokenomics roadmap.

The centerpiece of the lite paper’s new version suggested an imposed supply cap on the project’s native token, PancakeSwap (CAKE). Currently operating with a circulating supply of 293.4 million, according to quantitative data verified by CoinMarketCap, the paper advised a maximum figure of 750 million.

05/12/2022

Less than a minute

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