Decentralized cryptocurrency exchange PancakeSwap has announced that it will share transaction fee revenues with CAKE stakers.
Pancakeswap has announced that it will distribute certain rewards to users who stake CAKE. CAKE staking users will be able to earn 5 percent of their transaction fee revenues (at 0.01 percent and .05 percent fee tiers) on a weekly basis from all PancakeSwap v3 pairs.
PancakeSwap will share transaction fee income with stakers!
PancakeSwap, the well-known name of decentralized crypto exchanges, is preparing to share some of its revenue with stakers of its native token, CAKE, to enable them to earn more rewards. PancakeSwap said that from August 9, CAKE stakers will receive 0.01 percent and 0.05 percent of all PancakeSwap v3 pairs and 5 percent of transaction fee revenue on a weekly basis. In addition, these two fee tiers account for 80-90 percent of PancakeSwap v3 transaction volumes.
With this important move of PancakeSwap, the statement from the authorized names was not delayed. “Revenue sharing more directly links the CAKE token to the growth of PancakeSwap as a protocol,” said Chef Mochi, chief executive of PancakeSwap. He further stated, “Therefore, the rewards for CAKE stakers are tied to the growth of PancakeSwap and it is intended to be a long-term initiative that grows with the protocol.” added form.
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