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PancakeSwap cuts CAKE emissions by 44%, targets 20% supply drop
- PancakeSwap introduces CAKE Tokenomics 3.0, aiming for a 20% reduction in total token supply by 2030.
- Daily emissions of CAKE reduced from 40,000 to 22,500 tokens.
- veCAKE governance and staking systems to be removed.
- CAKE price rose 12% to $1.78 after the proposal announcement.
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