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PancakeSwapPancakeSwapby0xa7551aBe0A066555cb5d859849426fB55543Ca250xa755…Ca25

Proposal to reduce Farm Emissions for BNB Chain PancakeSwap v3 and Aptos PancakeSwap

Voting ended over 2 years agoSucceeded

Proposal to adjust Trading Allocation for BNB Chain PancakeSwap v3 and Aptos PancakeSwap

Similar to the most recent BNB Chain v3 Trading Allocation proposal vote, we are proposing a 0.02 CAKE/block reduction to BNB Chain v3 and Aptos PancakeSwap Trading Allocation.

We propose to reduce v3 BNB Farms Incentives from 0.73 CAKE/block to 0.715 CAKE/block, and Aptos PancakeSwap from 0.04 CAKE/block to 0.035 CAKE/block immediately.

The 0.015 CAKE/block reduction for BNB v3 Farms Incentives will apply to the following farms.

  • CAKE/BUSD (CAKE APR: 37.34% -> 35.78%) before bCAKE boosting;
  • CAKE/USDT (CAKE APR: 92.08% -> 84.48%) before bCAKE boosting;
  • BUSD/BNB (CAKE APR: 15.73% -> 12.03%);
  • BTCB/BNB (CAKE APR: 14.77% -> 14.19%);

Additionally, we also propose to reduce Aptos Farms Incentives from 0.04 CAKE/block to 0.035 CAKE/block. The 0.005 CAKE/block will apply to all farms on Aptos.

We will continue to observe the effect of each weekly cut on TVL and trading volume to decide if and where we can adjust in the following weeks.

This gradual optimization will ensure that we get closer to ultrasound CAKE while ensuring that we maintain our leading position on BNB Chain and Aptos.

Off-Chain Vote

✅ Yes, make the adjustments!
22.07M CAKEVOTE99.1%
❌ No, don't make the adjustments!
194.77K CAKEVOTE0.9%
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Timeline

Jun 27, 2023Proposal created
Jun 27, 2023Proposal vote started
Jun 28, 2023Proposal vote ended
Oct 26, 2023Proposal updated