Pan cake Swap 的“主厨”宣称,基于 BSC 的 DEX 正在为其原生CAKE代币保留通缩代币经济学。这一消息发布之际,其他去中心化交易所正在尝试新的激励措施来质押其原生资产。
Binance智能链上领先的 DEX 正在DeFi整体复苏中回归,并表示将保留CAKE作为通货紧缩代币以保持其价值。 DEX 决定不使用CAKE作为激励代币,而是根据定期销毁和通货紧缩更新其代币经济。
CAKE年销毁率为1-2%,过去12个月净增长为负。 Pan cake Swap 每周还会定期销毁,这可以让您了解几个 Pan cake Swap 市场的活动和产生的费用,包括预测和 NFT。
🔥 8,587,275 美元蛋糕刚刚烧毁 – 相当于 3400 万美元!
💰 AMM V2:108kCAKE(425k 美元)-41%
💰 AMM V3:151kCAKE(592k 美元)-31%
🔮 预测:45k CAKE ($176k) -9%
🎟️ 抽奖:28k CAKE ($111k) 14%
🔒 NFT:0.2kCAKE(0.6k 美元) 133%CAKE与上周相比的变化百分比
🔥🔥🔥 燃烧证明:… pic.twitter.com/KErvnV7JRi
—潘cake交换(@潘cake交换) 2024年12月9日
Over time, this has proven sustainable for the token, which has enjoyed a general level of stability. CAKE has now returned to levels not seen since 2022, rallying to $3.50 once again. However, the exchange will not alter its tokenomics to boost CAKE deliberately at the price of inflation.
Other DEXs have started airdropping or minting more tokens as rewards, in a model similar to play-to-earn games. Over time, this leads to oversupply and token dilution. The latest DEX to launch tokenized incentives is Meteora, which announced that it will give incentives to the top 100 holders of its M3M3 token.
DEXs have adopted this model, also known as ve(3,3), to facilitate more buying and incite competition to become reward-yielding holders. Some protocols, such as Solidity, took years to lock up tokens and pay out the incentives, while additionally adding voting power to the tokens. However, even this approach would go against the CAKE deflationary policy.
The PancakeSwap team mentioned it is aware of the ve(3,3) model and believes some DEXs can align their incentives. However, in the case of CAKE, it would lead to overproduction of tokens and long-term inflation.
CAKE remains a community-owned token, where the team receives incentives from DEX operations. Newer DEX tokens have been more suitable for starting out with staking and incentives.
CAKE is a relatively conservative token, with a market cap of $1B and a fully diluted value of $1.57B. The DEX also has $2.1B in total value locked, suggesting CAKE is undervalued. The token’s supply is capped at 450M, further increasing scarcity and keeping the asset at a predictable price level.
Adoption is already extensive for CAKE tokens, with 1.78M wallets already holding the asset as a basis for trading or staking. The exchange also has a mechanism of VeCAKE voting. Liquidity providers do not receive CAKE but are instead rewarded with a share of the trading fees.
The big question about CAKE incentives is whether the token will return to previous highs.
Others have used the model of rewarding top stakers to create a drive for acquiring more DEX tokens. In CAKE’s case, there is no competitive staking mechanism, except for the asset’s native staking which rewards all wallets, regardless of size.
CAKE had a recent 100% rally, but there are still expectations for more significant surges. CAKE and the PancakeSwap DEX have somewhat become relics since the 2022 market crash, but there are real expectations of a return for the project.
The primary engine for CAKE’s boost will be the PancakeSwap V4 launch. The event is scheduled for December, with no specific date announced yet. The new V4 will be different from generic DEXs and will create more specific trading conditions and restrictions.
Similar to Uniswap V4, this new addition will expand the use cases for targeted liquidity and emulating order books. V4 will also introduce new approaches to the trading curve, which would be more suitable for swapping between stablecoins.
PancakeSwap has already established itself as a multi-chain DEX and recently joined the top 10 daily fee producers. PancakeSwap brings in more than $2.3M in daily fees, almost matching Pump.fun’s revenue. The DEX also added its native meme token launchpad, SpringBoard.
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