![]() ![]() Ĭake v2 Initial Token Distribution (based on estimated daily token emissions)Īround 80.7% of net token emissions are distributed to CAKE token holders who are staking them on Syrup Pools.While some consider pools a luxury, others see them as a necessity. You can find the full list of burn mechanisms here. This is a good thing for CAKE holders because it reduces the overall amount of CAKE tokens in existence, which helps reduce inflation. It is designed to mint and distribute token rewards to ecosystem participants and burn tokens in various ways to keep control of the overall token supply.įor the token burn, the CAKE tokens collected via the unstaking fee and performance fee is burned every week as part of the regular CAKE token burns. There is a mix of block emissions and token burn mechanisms in the tokenomics. Since May 2022, PancakeSwap has implemented tokenomics v2, for which CAKE’s max supply is capped at 750 million. You can use our Staking Calculator to better understand how these factors may impact your rewards. Some custodians have gone bankrupt by offering high reward rates, but usually, these custodians will take a significant portion of the rewards in exchange for staking your tokens. Please also be aware that custodial rewards may not always be worth the cost. As more tokens are staked, the reward rate decreases. ![]() It’s important to keep in mind that the total annual rewards are distributed among all active stakers. These multipliers are determined by various factors such as the number of LP tokens staked, the number of CAKE staked in fixed-term pools, and the staking duration of these positions. By participating in staking, CAKE holders can earn a share of these tokens based on the amount of CAKE they have staked, as well as multipliers from bCAKE Farm Boosters. Additionally, 72.12% of daily CAKE emissions are burned. Of these tokens, 22.5% (or 9 CAKE) are distributed to the CAKE Syrup Pool and allocated to CAKE stakers, resulting in a daily total of approximately 256,380 CAKE tokens for all stakers to share. ![]() Token inflation: According to PancakeSwap’s tokenomics v2.0, which was released in August 2022, approximately 40 CAKE tokens are created per block. Native staking rewards on CAKE are composed of: Your contribution and vote are important, but they don’t play a role in the amount of rewards you receive for staking. However, it’s important to note that this does not affect the sum of your rewards. As a participant in the PancakeSwap protocol, you can also take an active role in the protocol’s governance by voting on proposed changes via the native voting portal.Hence, please take a note of when the fixed-term staking period ends as otherwise your may lose not only your rewards, but the staked CAKE tokens. The % of CAKE rewards being sent to burn will linearly increase in the 90 days “After Burning” period until it reaches 100%, which means all the CAKE rewards are burnt. After 7 days, if you have not done one of the two options, your staked CAKE will enter what is called “After Burning”, where your CAKE rewards will start to be sent to burn. When your fixed-term staking period ends and your CAKE unlocks, you have 7 days to either lock CAKE to begin a new fixed-term staking period or convert your staked CAKE to flexible staking. There is no auto-compounding when staking CAKE.Once you have staked your CAKE, there are things you need to consider going forward: Do I need to maintain my staking in any way?.Please see here for a more detailed step-by-step tutorial Step 4: For Flexible Staking simply press Flexible, which will present a new window, enter the amount of CAKE you wish to stake, click Confirm, and confirm the transaction in your wallet. Click the button to bring up the staking menu. Step 3: The Enable button should now be replaced with Flexible and Locked. Your wallet will ask you to confirm the action. Step 2: Choose the CAKE Syrup Pool and click the Enable button. Step 1: Go to the Pools page here, Connect to your BNB Smart Chain-compatible wallet by clicking the Connect button (top right-hand side). PancakeSwap now offers the CAKE Syrup Pool with two staking options: flexible staking or fixed-term staking.įixed-term staking can earn you a higher reward, and the steps to do so are as follows: There are several ways to earn a return on your CAKE, including lending them out to custodial providers or through decentralized lending protocols, supplying liquidity, or staking CAKE tokens to earn either CAKE or other tokens via Syrup Pools. ![]()
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