PancakeSwap To Share Millions In Trading Fees With Stakers: What You Need To Know
Portfolio Pulse from Murtuza Merchant
Decentralized exchange PancakeSwap (CRYPTO: CAKE) is set to share a portion of its trading-fee revenue with stakers of its native token, CAKE. The Revenue Sharing Pool (RSP) initiative will see Fixed-Term CAKE stakers receive 5% of the trading fee revenues from all PancakeSwap v3 pairs on a weekly basis. The RSP, launching on Aug. 9, is a sustainable and rewarding model for CAKE holders. PancakeSwap's total v3 trading volumes have already crossed $12.5 billion, signaling substantial potential rewards for Fixed-Term CAKE stakers.
July 31, 2023 | 8:24 pm
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POSITIVE IMPACT
PancakeSwap's new initiative to share trading-fee revenue with CAKE stakers could potentially increase the value of CAKE. The RSP initiative is a sustainable and rewarding model for CAKE holders, which could attract more investors.
The news of PancakeSwap sharing its trading-fee revenue with CAKE stakers is directly relevant to CAKE. This initiative could attract more investors to stake CAKE, increasing demand and potentially driving up its price. The fact that PancakeSwap's total v3 trading volumes have already crossed $12.5 billion signals substantial potential rewards for CAKE stakers, which could further boost its value.
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