The developers of PancakeSwap, one of the leading decentralized finance platforms, set the inflation target for the native cryptocurrency CAKE at a tighter rate.
The developers planned to lower the inflation target from 20% to the 3% – 5% range for the CAKE token, whose supply has increased more than expected. Dubbed "Version 2.5", the token economy bill aims to reduce paid token rewards by one-third to switch CAKE to a deflationary structure.
PancakeSwap's CAKE tokens spent on Syrup, the main liquidity pool running on the BNB Smart Chain, are expected to decrease by 94%.
PancakeSwap official named Chef Brie made the following statement on the project's official Discord server:
"Our new proposal aims to move from a hyperinflationary staking model to a price stability model with real returns and benefits."
Voting is expected next week for the new token economy model prepared by PancakeSwap developers.