PancakeSwap

PancakeSwap executes a significant token burn, eliminating 8.7 million CAKE tokens worth $25 million, aligning with its long-term DeFi stability vision. This strategic move involves community participation, reducing the token supply and potentially driving up CAKE's value beyond $100 million.

PancakeSwap shifts to deflationary model, cutting CAKE supply by 40%

PancakeSwap gains over 98% support for introducing veCAKE and voting gauges, enhancing governance, liquidity, and CAKE staker rewards. veCAKE holders, akin to shareholders, can influence CAKE farm emissions and delegate voting rights, potentially earning extra rewards. The phased launch covers BNB Chain, Ethereum, and Arbitrum, reinforcing PancakeSwap's role as a dynamic decentralised exchange.

PancakeSwap has upgraded to V3 by forking the code of the Uniswap V3.

The coin's 24-hour trade volumes, at press time, noted a sharp rise of over 52% standing at over $55 million.

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