Keep up with what's happening in the crypto world in real-time.
All Filters (1)
The Casper Network is a proof-of-stake, layer 1 blockchain developed by Casper Labs, which provides solutions and applications for its corporate customers. The main network was launched on 31 March 2021 after two years of testing and continues to focus on security and scalability, which still limit the development of enterprise solutions.
PancakeSwap v3's Total Value Locked (TVL) touched $239 million in just a month of its launch.
PancakeSwap, a leading decentralized exchange platform on the BNB Smart Chain (BSC), has passed the CAKE Tokenomics v2.5 Decision Proposal that makes their native token scarcer
PancakeSwap's Proposal for CAKE Tokenomics v2.5 has passed, which will adjust CAKE Syrup Pool emissions from 6.65 CAKE/block to 3 CAKE/block immediately and reduce CAKE Syrup Pool emission to 0.35 CAKE/block (~2% APR) at month 6.
The Pancakeswap price analysis shows that the cryptocurrency is following a bullish trend after a period of crashing declines. As a result of the price increase, the coin value has increased to $2.74.
These four cryptocurrencies could face more downside in May based on their current price structures.
A community vote to reduce CAKE's token emissions and slash staking rewards has received backing from 70% of voters in PancakeSwap's DAO.
PancakeSwap (CAKE) was among the most sought-after altcoins in the boom of the crypto market in 2021.
A vote, which is supposed to end Friday, has seen 70% of the community vote in favor of reducing block rewards drastically over the next few months.
A new proposal on PancakeSwap could see CAKE rewards cut by more than half, which has already led to an exodus of stakers.
PancakeSwap's latest proposal revolves around the current inflation rate, which was unsustainable for CAKE over the long term. At the time of writing, CAKE was down by 22% but things can change soon.
Despite being one of the major decentralized exchanges, customers of PancakeSwap are fast losing confidence in the platform.
CAKE has been witnessing a steady decline in value in recent weeks. Even the much-hyped launch of PancakeSwap V3 earlier this month failed to resurrect the token.
Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the key $28,000 level on Tuesday. Ethereum (CRYPTO: ETH) also moved lower, trading below the key $1,900 mark this morning.
PancakeSwap, one of the largest decentralized exchanges (DEX) in the crypto market, has experienced a significant setback. Its native token, CAKE, saw its price plummet by over 16% in just one night, leaving many investors scratching their heads.
Investors don't like the idea that lower yields could be the new norm for decentralized exchanges.
CAKE's near-term support retest may yield a sizable upside. Also, the token's price dipped into oversold territory, according to the RSI.
Pancakeswap's native token (CAKE) has plummeted to $2.83 from roughly $3.33 in the last 24 hours — down over 15% at press time. According to Pancakeswap data, the Total Value Locked-up (TVL) in CAKE is down almost 4% on the day — accompanied by a 212.45% surge in volume in the last 24 hours.
A proposal to make PancakeSwap (CAKE) scarce isn't preventing the token from collapsing, reading from the candlestick recorded on April 19. CAKE Slides 25% From February Highs CAKE is the utility token of PancakeSwap, a decentralized exchange running on the Binance Smart Chain (BSC).
Popular decentralized exchange (DEX) PancakeSwap proposed crucial changes to its tokenomics in an attempt to move its native token CAKE towards a deflationary model.
"Staking Allocation to target approx. 0.35 – 1 CAKE/block instead of 6.65 CAKE/block," developers wrote.
The significant change to CAKE's tokenomics would move PancakeSwap's native token toward a deflationary model.
PancakeSwap aims to transition CAKE tokenomics to 5% annual inflation rate, real yield, burn, and product benefits favoring long-term stakers. Trading fees drive CAKE burn.
After launching PancakeSwap V3 the decentralized exchange has unveiled plans for new features and measures to control CAKE inflation.
