PancakeSwap Burns 583k CAKE Tokens Worth $857k
PancakeSwap burned 583,000 CAKE tokens valued at $857,000 this week, with net emissions at -367,000 CAKE (-$540,000).
**Active Promotions:**
- "Try Perps on Us" Round 2 covers first trading losses through June 9
- SLX Trading Competition offers 275,862 $SLX prize pool, ending June 9
**New Developments:**
- Three regional Telegram communities launched for Malaysia, Philippines, and Thailand
- Gold-backed XGLD-XAUt pool now live on BNB Chain with Unitas Labs
- WETH/GITLAWB pool rewards extended on Base with double rewards in $CAKE and $USDC
- $10,000 in MON incentives added to Monad farms
A DeFi meetup with Binance Academy is scheduled for June 6 in Bandung.