News Explorer — CAKE Tokenomics Proposal Causes Exodus of Stakers, Price Drop

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Apr 27, 11:32 am

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CAKE Tokenomics Proposal Causes Exodus of Stakers, Price Drop

CAKE token has seen a 24.4% decline over the past week amid a proposed change to PancakeSwap's tokenomics. The proposal would reduce the token's inflation rate from above 20% to 3-5%, reducing the amount of tokens stakers can earn. The vote on the proposal ends tomorrow, with the community voting in favor of an aggressive reduction. This has caused an exodus of stakers and a simultaneous drop in the token's price.

CAKE token has seen a 24.4% decline over the past week amid a proposed change to PancakeSwap's tokenomics. The proposal would reduce the token's inflation rate from above 20% to 3-5%, reducing the amount of tokens stakers can earn. The vote on the proposal ends tomorrow, with the community voting in favor of an aggressive reduction. This has caused an exodus of stakers and a simultaneous drop in the token's price.

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