Share this article
PancakeSwap Aims to Reduce CAKE Supply and Increase Farming Rewards
The PancakeSwap team has proposed a supply cap alongside new features that will enhance the utility of its token.
Updated May 11, 2023, 4:23 p.m. Published May 12, 2022, 12:49 p.m.
Decentralized Finance (DeFi) application PancakeSwap has released a governance proposal that outlines a roadmap for its native token, CAKE.
- The proposal, which was passed with a 98.8% majority across 11 million votes, suggests imposing a supply cap of 750 million for the CAKE token.
- CAKE currently has a circulating supply of 295 million. The maximum supply is expected to be in circulation within the next three to four years.
- The road map also details a plan of how to add value to the Pancake staking system, with vCAKE, bCAKE and iCAKE being created to increase farming rewards, boost initial farm offering (IFO) benefits and scale up governance voting capabilities.
- The aim of adding this functionality is to have PancakeSwap users stake more CAKE to force a reduction in circulating supply.
- Pseudonymous members of the PancakeSwap team will discuss the new roadmap with the community during a Twitter spaces at 13:00 UTC on Thursday.
- The application's native token has suffered like much of the cryptocurrency market this week, posting a 22.86% decline over the past 24 hours to trade at $4.02.
Read more: What Is PancakeSwap? Here's How to Start Using It
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
VanEck's new Avalanche ETF filing to include staking rewards for AVAX investors
The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
What to know:
- VanEck has updated its filing for an Avalanche ETF, VAVX, to include staking rewards, aiming to generate income for investors by staking up to 70% of its AVAX holdings.
- The fund will use Coinbase Crypto Services as its initial staking provider and pay a 4% service fee, with rewards accruing to the fund and reflected in its net asset value.
- If approved, the fund will trade on Nasdaq under the ticker VAVX, tracking AVAX's price via a custom index, and will be custodied with regulated providers, including Anchorage Digital and Coinbase Custody.
Top Stories
