Decentralized cryptocurrency exchange PancakeSwaptransaction fee income CAKEHe announced that he will share it with his staking users.
pancakeswap, CAKE announced that it will distribute certain rewards to its staking users. CAKE staking users will be able to earn 5 percent of their transaction fee revenues (at 0.01 percent and .05 percent fee tiers) on a weekly basis from all PancakeSwap v3 pairs.
PancakeSwap will share transaction fee income with stakers!
PancakeSwap, the well-known name of decentralized crypto exchanges, is preparing to share some of its revenue with the stakers of its native token CAKE to enable them to earn more rewards. PancakeSwap said that from August 9, CAKE stakers will receive 0.01 percent and 0.05 percent of all PancakeSwap v3 pairs and 5 percent of transaction fee revenue on a weekly basis. In addition, these two fee tiers account for 80-90 percent of PancakeSwap v3 transaction volumes.
With this important move of PancakeSwap, the statement from the authorized names was not delayed. Chef Mochi, chief executive of PancakeSwap, said in a statement, “ Revenue sharing more directly links the CAKE token to the growth of PancakeSwap as a protocol” said. Also, their statements “Therefore, the rewards for CAKE stakers are tied to the growth of PancakeSwap and it is intended to be a long-term initiative that grows with the protocol.”added form.
