PancakeSwap proposes 'The Flip': 88% LP fees, CAKE emissions cut ~69%

PancakeSwap has opened a proposal discussion called The Flip that would raise liquidity providers' share of swap fees on v3 and Infinity to 88% (up from 66–68% on most pools) across all 11 supported chains, with the remaining 12% going to protocol fees. The exchange announced the proposal on X, with head chef @Headchef_pcs framing it simply: 'LPs go where they keep more.' The idea is being widely amplified — including by BSC News, whose coverage of a more deflationary $CAKE PancakeSwap itself retweeted — and Binance founder CZ has publicly signaled support.

The plan cuts CAKE emissions from 22,500 to 7,000 per day — 15,500 fewer tokens minted daily — with those emissions redirected to a new ecosystem growth fund called the Pantry. v2 pools would stay unchanged and keep burning CAKE, keeping the token deflationary. The exchange is collecting community feedback before the proposal heads to a vote.