News about CAKEUSDT

PancakeSwap's TVL rose nearly 19% over the past week, adding about $380 million to reach $2.4 billion on Wednesday, with V3 pools more than doubling to about $739 million. The proposal “The Flip,” open for voting from Oct. 21 to Oct. 24, would raise liquidity providers' share of swap fees on V3 and Infinity pools to 88% from 66%-68%. It would also cut daily CAKE emissions by about 69%, from 22,500 to 7,000 tokens. If approved, implementation is expected to begin in November. Over the past seven days, PancakeSwap accounted for about $4.67 billion, or roughly 71%, of decentralized exchange trading volume on BNB Chain.