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PancakeSwap to Share 5% of Trading-fee Revenue with $CAKE Token Stakers

PancakeSwap to Share 5% of Trading-fee Revenue with $CAKE Token Stakers
Source: PancakeSwap

PancakeSwap is set to share a portion of its trading-fee revenue with stakers of its native token, CAKE, to enable them to earn more rewards.

PancakeSwap said, beginning Aug. 9, fixed-term CAKE stakers will receive 5% of the trading-fee revenue from all PancakeSwap v3 pairs — with 0.01% and 0.05% fee tiers — on a recurring and weekly basis. These two fee tiers account for 80-90% of PancakeSwap v3 trading volumes.

PancakeSwap sharing revenue with CAKE stakers means additional income for them, over and above staking rewards. Users joining PancakeSwap before Aug. 2 can claim trading fee rewards with the first distribution period of Aug. 9. Those joining after Aug. 2 and before Aug. 9 will be able to claim their rewards with the second distribution period on Aug. 16, and so on, PancakeSwap said.

Meanwhile, Cake stakers from June and July will also receive trading fee rewards for those months as a bonus starting from Aug. 9.

 

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