$CAKE
PANCAKESWAP GROWS 19% AND PREPARES MAJOR CHANGES FOR CAKE.
PancakeSwap recorded a sharp increase in liquidity over the past week.
Its total value locked (TVL) reached $2.4 billion after adding approximately $380 million in just seven days.
The growth was concentrated mainly in its V3 pools, where deposited funds rose from $336 million to $739 million.
At the same time, the community began voting on a proposal called “The Flip,” which seeks to change how fees generated by trades are distributed.
Currently, liquidity providers receive between 66% and 68% of those fees in most pools. The proposal aims to increase their share to 88%.
It also proposes gradually reducing daily CAKE emissions by 69%, from 22,500 to 7,000 tokens.
Voting will remain open until October 24. If approved, the changes would begin to be implemented in November.
Meanwhile, CAKE is trading at around $2.25, up 2.5% in 24 hours.
PancakeSwap also maintains significant activity on BNB Chain, where it accounted for approximately 71% of the trading volume on decentralized exchanges over the past week.
#Cake #crypto #TrendingTopic #TradingCommunity #AltSeasonComing
TRADE HERE 👇
PANCAKESWAP GROWS 19% AND PREPARES MAJOR CHANGES FOR CAKE.
PancakeSwap recorded a sharp increase in liquidity over the past week.
Its total value locked (TVL) reached $2.4 billion after adding approximately $380 million in just seven days.
The growth was concentrated mainly in its V3 pools, where deposited funds rose from $336 million to $739 million.
At the same time, the community began voting on a proposal called “The Flip,” which seeks to change how fees generated by trades are distributed.
Currently, liquidity providers receive between 66% and 68% of those fees in most pools. The proposal aims to increase their share to 88%.
It also proposes gradually reducing daily CAKE emissions by 69%, from 22,500 to 7,000 tokens.
Voting will remain open until October 24. If approved, the changes would begin to be implemented in November.
Meanwhile, CAKE is trading at around $2.25, up 2.5% in 24 hours.
PancakeSwap also maintains significant activity on BNB Chain, where it accounted for approximately 71% of the trading volume on decentralized exchanges over the past week.
#Cake #crypto #TrendingTopic #TradingCommunity #AltSeasonComing
TRADE HERE 👇