PancakeSwap Launches New Tokenomics 3.0, Boosting CAKE Price by 12%

PancakeSwap has unveiled its new tokenomics proposal called CAKE Tokenomics 3.0, driving a 12% surge in the CAKE price. This change marks an ambitious shift towards deflation and greater user control over the token economy. The proposal proposes a 4% annual deflation rate by 2030, achieved through various key changes including eliminating veCAKE and voting systems, removing staking with immediate unlocks, and halting revenue sharing to fuel token burns.