PancakeSwap aims to reduce CAKE supply and increase farming rewards
Decentralized Finance (DeFi) application PancakeSwap has released a governance proposal that outlines a roadmap for its native token, CAKE.
The proposal, which was passed with a 98.8% majority across 11 million votes, suggests imposing a supply cap of 750 million for the CAKE token. The roadmap also details a plan of how to add value to the Pancake staking system, with vCAKE, bCAKE and iCAKE being created to increase farming rewards, boost initial farm offering (IFO) benefits and scale up governance voting capabilities.