PANCAKESWAP COMMUNITY PROPOSES REDUCING CAKE MAX SUPPLY TO 400 MILLION

The proposal notes that since the approval of Tokenomics 3.0 in April 2025 and the removal of the veCAKE model, daily emissions have fallen from around 40,000 $CAKE to approximately 22,500, resulting in an annual net burn of about 8.19%. Circulating supply has declined from 380 million to roughly 350 million CAKE, maintaining a deflationary trend.

The team argues that a 400 million cap is sufficient to support long-term growth, with the ecosystem growth fund still holding around 3.5 million CAKE, making a return to inflation unlikely.