(UPDATED) Proposal to reduce Trading Allocation for BNB Chain PancakeSwap v3

Reason for Updated Proposal

In the previous proposal, the CAKE APRs of the USDC/USDT pair were mistakenly stated.

The correct CAKE APRs for the USDC/USDT pair before and after the proposed reduction have been reflected.

The chefs have been working in the kitchen day and night, and so we apologize for this fat finger mistake!

Proposal to reduce Trading Allocation for BNB Chain PancakeSwap v3

Similar to the most recent BNB Chain v3 Trading Allocation proposal vote, we are proposing a 0.015 CAKE/block reduction to BNB Chain v3 Trading Allocation.

We propose to reduce v3 BNB Farm Emissions from 0.715 CAKE/block to 0.70 CAKE/block immediately.

The 0.015 CAKE/block reduction will apply to the following farms.

• BUSD/BNB (CAKE APR: 10.96% -> 8.43%);
• BTCB/BNB (CAKE APR: 12.25% -> 10.55%); and
• USDC/USDT (CAKE APR: 5.73% -> 4.93%)

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

This gradual optimization will assist us in getting closer to ultrasound CAKE while ensuring that we maintain our leading position on BNB Chain.