$CAKE Don’t just focus on the proposal giving LPs 88% of the fees—the biggest move is a direct 69% cut to token emissions.
TVL has also climbed above 380 million, but at $2.242, the price is up less than 3%, and the funding rate is hovering near zero.
There hasn’t been much movement in open interest either. In plain English, the market hasn’t front-run it; everyone’s waiting for the vote.
If it passes, the emission cut is a slow-burn positive for $CAKE . If it fails, those couple of percentage points will probably get wiped out.
I’m bullish, but I’ll wait and watch for now. No point chasing before the vote.
Are you holding, have you sold, or are you waiting on the sidelines?
#PancakeSwap #DeFi
TVL has also climbed above 380 million, but at $2.242, the price is up less than 3%, and the funding rate is hovering near zero.
There hasn’t been much movement in open interest either. In plain English, the market hasn’t front-run it; everyone’s waiting for the vote.
If it passes, the emission cut is a slow-burn positive for $CAKE . If it fails, those couple of percentage points will probably get wiped out.
I’m bullish, but I’ll wait and watch for now. No point chasing before the vote.
Are you holding, have you sold, or are you waiting on the sidelines?
#PancakeSwap #DeFi