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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.

PanceSwap's [CAKE] Q2 2023 began with the major announcement of its v3 launch. Q2 started on a good note, meanwhile, PancakeSwap posted on 12 April a blog regarding its performance in March.

How has the price performance been over the past week for the crypto assets PancakeSwap (CAKE), IOTA (MIOTA) and Tezos (XTZ)? What will be the future performance? A look at the performance and latest news.

Binance CEO Changpeng Zhao, popularly known as "CZ" said that the crypto space requires more decentralized exchanges. What Happened: According to CZ, DeFi platform PancakeSwap has most of the users while Uniswap has the highest Total Value Locked (TVL).

Developers forked the decentralized trading network Uniswap after its business source code license (BSL) ended on April 1. 

Helio Protocol, an ecosystem of decentralized finance (DeFi) instruments powered by native "destablecoin" HAY, unveils new liquidity pool on the  largest decentralized crypto exchange, PancakeSwap (CAKE).

PancakeSwap has upgraded to V3 on Ethereum and BNB chains by forking Uniswap V3. What can bring innovation to DeFi?

PancakeSwap [CAKE] announced the launch of its much-awaited PancakeSwap V3, bringing several new changes to the table. The DEX's official tweet on 3 April confirmed that V3 was live on both BNB Chain and Ethereum [ETH].

PancakeSwap's [CAKE] launched PancakeSwap V3 on 3 April. The V3 introduced new features that would make DeFi accessible to more people than before.

CAKE Price Prediction: In the weekly time frame chart, the pancakeswap coin price shows several lower price rejection candles at $3.54-$3.5 support indicating the traders are actively accumulating at this level. These bullish reversal signs at the combined support of $3.54-$3.5 and lower support trendline of the inverted pennant pattern indicate the Pancakeswap coin price