PancakeSwap has announced that the CAKE Tokenomics 3.0 proposal has been approved, aiming to achieve approximately 4% annual deflation.

BlockBeats News, April 18th, PancakeSwap announced that the CAKE Tokenomics 3.0 proposal has been approved, regarding the CAKE burning mechanism, and more details about the subsequent plans will be announced soon.

BlockBeats previously reported that on April 8th, PancakeSwap initiated the discussion proposal for CAKE Tokenomics 3.0. The main proposal includes: CAKE token achieving approximately 4% annual deflation; abolishing CAKE staking, veCAKE, Gauges voting, and revenue sharing to achieve true ownership of CAKE; reducing CAKE emissions, with daily emissions decreasing from approximately 40,000 CAKE to 22,500 CAKE.