ChainCatcher news, according to official news from PancakeSwap, the CAKE tokenomics 3.0 is set to be implemented at 8 AM Beijing time on April 23. veCAKE and Gauges Voting will officially exit the market. All CAKE and veCAKE staking will be unlocked, and users who have directly staked CAKE through the PancakeSwap interface will be able to exchange veCAKE for CAKE at a 1:1 ratio. Users who have directly staked CAKE through the PancakeSwap interface will have 6 months to redeem their staked CAKE and veCAKE.

ChainCatcher message, PancakeSwap shares the CAKE Tokenomics 3.0 discussion proposal on platform X, which includes:Achieving approximately 4% annual deflation (a 20% reduction in CAKE supply by 2030);Eliminating CAKE staking, veCAKE, weighted voting (Gauges Voting), and revenue sharing mechanisms to achieve true CAKE ownership;Reducing CAKE emissions (daily emissions decreased from about 40,000 CAKE to 22,500 CAKE to support deflation), building a more efficient ecosystem.

ChainCatcher news, PancakeSwap has burned 8,820,499 CAKE, worth approximately 17 million USD.

ChainCatcher news, the decentralized exchange PancakeSwap announced on social media that it has burned 9,003,400 CAKE, worth approximately 40 million dollars.

ChainCatcher news, according to official news, PancakeSwap announced that the maximum supply of CAKE tokens has been reduced from 750 million to 450 million.

ChainCatcher news, the decentralized trading platform PancakeSwap has proposed significant improvements to the CAKE Token economics, suggesting to set the annual inflation rate of CAKE at 3% to 5% and transition to a low-staking inflation CAKE staking model with real yields and utility. A discussion proposal has been released.The specific suggestions of the proposal include: proposing a staking allocation of 0.35 to 1 CAKE/block, instead of 6.65 CAKE/block; CAKE stakers will receive 5% of the trading fees from PancakeSwap V3's 0.01% and 0.05% fee tiers each month; increasing the CAKE release weight for long-term stakers. The percentage of trading fees allocated for buyback and burn will remain unchanged. (source link)