PancakeSwap Continues Deflationary Trend with Ninth Consecutive Month of CAKE Supply Reduction
PancakeSwap Continues Deflationary Trend with Ninth Consecutive Month of CAKE Supply Reduction
🔥 Burn Baby Burn...
PancakeSwap, a leading decentralized exchange, has reported a net reduction of 228,551 CAKE tokens in May 2024, marking the ninth consecutive month of CAKE total supply reduction. During the month, 1,022,532 CAKE tokens were minted, while 1,251,083 were burned, resulting in a 0.059% decrease in the total supply. The cumulative net mint reduction over the past nine months stands at 2,803,620 CAKE tokens.
🥞 PancakeSwap Highlights Top 5 Base Liquidity Pools with Highest APRs
PancakeSwap has released its latest rankings of top-performing liquidity pools on Base network, showcasing opportunities for liquidity providers. **Top 5 Base Pools by APR:** - USDC-MWXT - ZORA-USDC - WETH-CLAWNCH - VIRTUAL-AIXBT - HYPE-USDC This announcement follows PancakeSwap's recent expansion of boosted APR pools on Monad, where 15 new liquidity pools received enhanced incentives distributed through Merkl. The platform continues to expand its multichain presence with competitive yields for liquidity providers across various networks.
PancakeSwap Opens Vote on Stablecoin Fee Retention Proposal
PancakeSwap has launched voting on a proposal to retain stablecoin fees from stablecoin pools in their original form, rather than converting them to CAKE tokens. **Key Details:** - Treasury-bound protocol fees from major stablecoin pools would remain as stablecoins - Fees from non-stablecoin pools would continue converting to CAKE - The change aims to improve Treasury efficiency by eliminating redundant conversions - Long-term tokenomics direction remains unchanged The proposal follows a community discussion period where feedback was gathered. Community members can now cast their votes on the official proposal. [Vote on the proposal](https://pancakeswap.finance/voting/proposal/0x05c6b47bcfb5133621c3c1082433713a6cc773255b42fed7f10721fc1d53add3?id=0x05c6b47bcfb5133621c3c1082433713a6cc773255b42fed7f10721fc1d53add3&chain=bsc)
🥞 PancakeSwap Launches $PUNCH Liquidity Pools on Solana
PancakeSwap has activated liquidity pools for $PUNCH on Solana, expanding its token offerings on the network. **Key Details:** - Two $PUNCH liquidity pools are now operational - Pools accessible via [PancakeSwap Solana](https://pancakeswap.finance/liquidity/pool/solana/82jn8NsqaZ7BHG2oLSRnL7AVYQ6cvgjkwRvJbjV8aLyB) - Follows previous Solana token additions including ATH, BMT, POKT, and BabyDoge - Users can trade and provide liquidity with competitive fees This launch continues PancakeSwap's expansion on Solana, offering liquidity providers additional earning opportunities through the platform's v3 infrastructure.
Base Vietnam Community Meetup Set for Ho Chi Minh City
A community meetup is scheduled for March 14 in Ho Chi Minh City, organized in partnership with Base Vietnam. The event will bring together: - DeFi enthusiasts - Base builders - Local community members This follows a similar community-focused event held in Hanoi in October 2024, demonstrating continued engagement with the Vietnamese blockchain community. Interested participants can register through the provided [Luma event page](https://luma.com/d0x1y9xn).
🥞 PancakeSwap Dominates Base with $65M Daily cbBTC-WETH Volume
**PancakeSwap's cbBTC-WETH pool leads Base network trading** The cbBTC-WETH pool on PancakeSwap has become the highest volume trading pair on Base, processing over $65 million in trades within 24 hours. **Key metrics:** - Trading volume: $65M+ in 24 hours - Position: #1 pool on Base network - Trading pair: cbBTC-WETH This marks PancakeSwap's continued dominance in Base network liquidity, maintaining its position as the leading protocol for this major trading pair.