PancakeSwap Governance Proposal Set to Cap $CAKE Supply at 750M

PancakeSwap has released a governance proposal for the second iteration of its tokenomics roadmap. The new version suggested an imposed supply cap on the project’s native token, PancakeSwap ($CAKE). Currently operating with a circulating supply of 293.4 million, the paper advised a maximum figure of 750 million. A governance voting window was opened to the community for a 24-hour period and attracted 11,008,360.64 $CAKE votes, with majority of 98.80% of voters advocating for the admission of the proposal.