ADI

PancakeSwap: 4% annual deflation rate target is a non-binding cap, and the amount burned is dynamically adjusted based on trading volume

ChainCatcher message, the PancakeSwap team responded to the community regarding the CAKE 3.0 tokenomics proposal.Regarding the 4% annual deflation target, the 4% is based on data from the past two years. Deflation is not limited to 4% per year; the actual amount of destruction will be linked to trading volume, and if the protocol performs well, a higher deflation rate may be achieved. For the mCAKE and sdCAKE exchange issue, the team confirmed that a 1:1 exchange ratio will be maintained, and users need to operate through the original delegation platform.On the topic of holding incentives, the team pointed out that they will adjust the fee distribution, shifting part of the liquidity provider fees towards a buy-and-burn mechanism, which is expected to improve the destruction efficiency to 15%. They also emphasized that CAKE will still play a core role in governance, IF0, and other scenarios. In response to concerns about the efficiency of veCAKE emissions, the team believes that the current proposal can more effectively address core issues and avoid long-term drawbacks caused by short-term fixes.Regarding the issue of governance decentralization, the team stated that they will shift to a direct voting model based on CAKE holdings and consider introducing a delegation feature in the future. For geographical restrictions, the team explained that IF0 will remain open, while TGE has limitations due to compliance requirements from partners.Finally, the team committed to providing real-time destruction data dashboards to maintain transparency in emission decisions and ensure the smooth operation of the veCAKE system during the transition period. During the transition, the veCAKE system will continue to operate until the proposal voting is completed, ensuring a smooth transition.

The cryptocurrency market rebounded across the board, with the AI sector leading the rise at 15.82%, and ETH returning above 1600 USD

ChainCatcher news, according to SoSoValue data, Trump announced a suspension of tariffs and a reduction in tax rates for multiple countries. As a result, the cryptocurrency market rebounded across the board, with the crypto sector generally rising about 4% to 15% over 24 hours. Among them, the AI sector led with a rise of 15.82%, with Bittensor (TAO), Fetch.ai (FET), and Render (RENDER) increasing by 15.52%, 15.79%, and 16.71% respectively in 24 hours. Additionally, Ethereum (ETH) rose by 13.77%, breaking through the $1600 mark. Bitcoin (BTC) increased by 7.94%, briefly surpassing $83,000.It is worth mentioning that MAG7.ssi rose by 11.24%, DEFI.ssi rose by 15.92%, and MEME.ssi rose by 13.44%.In other sectors, the DeFi sector rose by 12.43% over 24 hours, with Ondo Finance (ONDO) increasing by 23.87%; the PayFi sector rose by 12.26%, with XRP increasing by 14.13%; the Meme sector rose by 11.87%, with Dogecoin (DOGE) rising by 12.48%; the Layer2 sector rose by 8.91%, with ex-MATIC (POL) increasing by 10.72%; the Layer1 sector rose by 8.52%, with Solana (SOL) and Cardano (ADA) rising by 12.72% and 12.56% respectively; the CeFi sector rose by 5.89%, with Hyperliquid (HYPE) increasing by 16.09%.Meanwhile, the cryptocurrency sector indices reflecting historical market performance show that the ssiAI, ssiDeFi, and ssiRWA indices rose by 16.27%, 13.79%, and 12.97% respectively over 24 hours.
ChainCatcher Building the Web3 world with innovators