PancakeSwap Tokenomics Revamp: Proposal to Slash Max CAKE Supply by 40%
The high token inflation drastically plummeted the price of CAKE amidst the bear market. Hence, the PancakeSwap community pivoted its native token – CAKE, towards a deflationary model earlier this year. PancakeSwap Community Overwhelmingly Votes to Cut Maximum Supply On Thursday, PancakeSwap proposed to reduce the maximum supply of CAKE…