Hassan Maishera
The Pancakeswap team told its community via X (formerly Twitter) on Thursday that it has submitted a new proposal to adjust farm rewards. The team propose to redirect CAKE from underperforming BNB Chain v2 to high-performing BNB Chain v3 farms, in order to encourage higher volume and liquidity, ultimately leading to greater trading fee revenue and CAKE burns. Ultimately, the migration opens the opportunity to contribute a greater amount of CAKE towards the weekly burn.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by 1% today and is currently trading at $1.091.
