{"id":445910,"date":"2022-05-12T13:39:49","date_gmt":"2022-05-12T10:39:49","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/pancakeswap-governance-proposal-set-to-cap-cake-supply-at-750m\/"},"modified":"2022-05-12T13:39:49","modified_gmt":"2022-05-12T10:39:49","slug":"pancakeswap-governance-proposal-set-to-cap-cake-supply-at-750m","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/pancakeswap-governance-proposal-set-to-cap-cake-supply-at-750m\/","title":{"rendered":"# PancakeSwap governance proposal set to cap CAKE supply at 750M"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a36e9f2cae8e\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a36e9f2cae8e\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/pancakeswap-governance-proposal-set-to-cap-cake-supply-at-750m\/#%E2%80%9D_PancakeSwap_governance_proposal_set_to_cap_CAKE_supply_at_750M_%E2%80%9C\" >&#8221; PancakeSwap governance proposal set to cap CAKE supply at 750M &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_PancakeSwap_governance_proposal_set_to_cap_CAKE_supply_at_750M_%E2%80%9C\"><\/span>&#8221; PancakeSwap governance proposal set to cap CAKE supply at 750M &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZjk5MmM0NWQtODcyNy00OTJlLTg0NzMtNWM4YTg2MDJlMDZmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>PancakeSwap, the decentralized finance (DeFi) <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, has <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/v2litepaper.pancakeswap.finance\/\">released<\/a> a governance proposal for the second iteration of its tokenomics roadmap.<\/p>\n<p>The centerpiece of the lite paper\u2019s new version suggested an imposed supply cap on the project\u2019s native token, PancakeSwap (CAKE). Currently operating with a circulating supply of 293.4 million, according to quantitative data verified by CoinMarketCap, the paper advised a maximum figure of 750 million.<\/p>\n<p>A governance voting window was opened to the community for a 24-hour period and attracted 11,008,360.64 CAKE votes, with an overwhelming majority of 98.80% of voters advocating for the admission of the proposal.<\/p>\n<p>Speaking to Cointelegraph, the team revealed that there was \u201cno cap on individual voting rights,\u201d and that \u201cit\u2019s dependent on how much CAKE they have locked.\u201d<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ufe0f Wow! <\/p>\n<p>You, our community, overwhelmingly supported our latest proposal, and we will be working hard to build and deliver on PancakeSwap\u2019s future.<\/p>\n<p>We will be hosting an AMA later today at 13:00 UTC \u2013 not just on tokenomics \u2013 so do join us if you can. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/cM6RyF2Y1P\">pic.twitter.com\/cM6RyF2Y1P<\/a><\/p>\n<p>\u2014 PancakeSwap  #BSC (@PancakeSwap) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PancakeSwap\/status\/1524692649017769985?ref_src=twsrc%5Etfw\">May 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe final outcome of the snapshot was evaluated by the team as an\u00a0astounding positive, as they noted their intentions to implement the changes in the near future.<\/p>\n<p>Cointelegraph reached out to the business developer of PancakeSwap, Chef Icy \u2014 who facetiously identifies himself as four quarters bunny, one-quarter robot \u2014 to expand upon their decision to select a three-year runaway for the tokens supply span, as well as learn more about their quantitative ambitions for the CAKE token and community impact of PancakeSwap over the time period:<\/p>\n<blockquote><p>\u201cFirst, the three-year runway is a very conservative estimate based upon 14.25 CAKE-per-block calculations. In effect, our effective CAKE emissions is around 10.5 CAKE per block, due to the additional burns brought about by our weekly burns (trading fee burns, etc.). Based on a 10.5CAKE per block, our effective runway will be 4.2 years.\u201d<\/p><\/blockquote>\n<p>The team, or more aptly, the chefs in the kitchen, acknowledge that this conservative estimation for a tree-year runway \u2014 referring to the timespan expected until the maximum supply is met and entirely circulating in the market \u2014 would surpass close competitors Uniswap, TraderJoe and SushiSwap with 2.5 year-, 1.75 year- and 1.5-year runways, respectively.<\/p>\n<p><strong><em>Related:\u00a0Opera browser enables direct access to BNB Chain-based DApp ecosystem<\/em><\/strong><\/p>\n<p>Alongside the supply cap proposition, there are also expected to be three new utilities to drive value within the staking ecosystem: vCAKE to enhance mechanisms of governance voting, iCAKE to boost IFO benefits and bCAKE to increase farming rewards.<\/p>\n<p>Pledging to \u201ccontinue to introduce innovative DeFi practices to our platform and users that are battle-tested\u201d, and citing last month\u2019s introduction of -ve and POL in the decentralized finance (DeFi) sector, Icy revealed more about how the introduction of vCAKE, iCAKE and bCAKE could impact CAKE stakers, and especially their annual percentage yield (APY) options:<\/p>\n<blockquote><p>\u201cIt impacts stakers by accruing more value to locked CAKE. APY of the locked CAKE pool will still be based on our current calculations so the APY Model does not change. However, as users will be able to extract more value out of their locked CAKE, the potential benefits should increase.\u201d<\/p><\/blockquote>\n<p>PancakeSwap is <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/PancakeSwap\/status\/1524336296608825350\">hosting<\/a> an AMA <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Twitter<\/a> Space on Thursday to provide an opportunity for the community to engage and ask questions on their latest developments.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"defi_newsletter\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/pancakeswap-governance-proposal-set-to-cap-cake-supply-at-750m\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; PancakeSwap governance proposal set to cap CAKE supply at 750M &#8220; PancakeSwap, the decentralized finance (DeFi) application built on Binance Smart Chain, synonymous with its automated market maker (AMM) service and its quirky branding style, has released a governance proposal for the second iteration of its tokenomics roadmap. The centerpiece of the lite paper\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":445911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvZjk5MmM0NWQtODcyNy00OTJlLTg0NzMtNWM4YTg2MDJlMDZmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74894,74863,74868,124292],"class_list":["post-445910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-blockchain","tag-cryptocurrencies","tag-defi","tag-pancakeswap"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/445910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=445910"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/445910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/445911"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=445910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=445910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=445910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}