The Flip passes: 88% LP fees, CAKE emissions cut to 7,000/day

PancakeSwap's The Flip proposal has passed the governance vote, confirming that liquidity providers on v3 and Infinity pools will keep 88% of swap fees — up from 66–68% on most — across all 11 supported chains, with the remaining 12% going to protocol fees. CAKE emissions will be cut from 22,500 to 7,000 per day (~69%), with the difference redirected to a new ecosystem growth fund called the Pantry; v2 pools stay unchanged and keep burning CAKE.

The exchange confirmed the outcome in its October monthly recap, and the fee change rolls out in phases starting in November in an order designed to protect CAKE. The exchange has framed the plan as 'LPs go where they keep more,' with CZ voicing support.