PancakeSwap Team To Cut Emissions By Over 90%
Core developers published a proposal to this effect and voting kicked off earlier this week, although members of the protocols DAO started debating the proposal since early April. The proposal aims to cut down CAKE’s interest to around 3-5%. The current rate above 20% was deemed “unsustainable” by some community members.
To achieve this, the core team will change CAKE emissions from 6.65 CAKE per block to 3 CAKE per block if the proposal is voted for. 70% of community members already voted in favor of this “aggressive reduction”. Emissions refer to the rate new crypto coins are released or added to the total supply.
The first emission reduction will be immediate. Afterward, developers will slash token emissions by 0.5 CAKE per month. This reduction will happen every month for five months till emissions occur at a 0.35 CAKE per month rate.
If passed, the team will implement a token emission slash of over 90%. The CAKE Tokenomics v2.5 proposal would essentially take PancakeSwap’s token into a deflationary supply. Almost 20% of the community voted against the proposal.
An alternative option to gradually reduce emissions received support from 10% of the voters.
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