, according to Altcoin Buzz.
A single address had cast roughly 766,000 opposition votes, nearly 60% of total participation
, Phemex reported.
What Changes for Fees and $CAKE Emissions
The proposal comes from the Kitchen, PancakeSwap’s core team.
Providers on most pools previously received 66% to 68% of fees
, according to TokenPost.
The proposal leaves v2 pools unchanged, and their fees continue to send 23% of swap fees to $CAKE burns.
On the supply side, daily $CAKE emissions are set to fall from 22,500 to 11,000 during the first phase.
That initial phase reduces emissions to 11,000 $CAKE daily as chains adopt the new fee structure over approximately three months
, FinanceFeeds reported.
The schedule is staggered.
One blockchain is switched over per week until all eleven are done after roughly three months
, according to Cryptoticker.
The 11 chains are $BNB Chain, Ethereum, Arbitrum, Base, Solana, Robinhood, Monad, Arc, zkSync, Linea and opBNB.
$BNB Chain moves last. Its switch is tied to a supply target:
a revised version released October 19 delayed full implementation until $CAKE meets its 20% supply reduction target, about 12 months out
, Phemex reported. Once that is reached, emissions drop to 7,000 a day.
Those 7,000 $CAKE per day would go to the Pantry, an ecosystem fund for marketing, partnerships and seeding liquidity in new pools
, according to TokenPost.
Trade-Offs for LPs and Token Holders
The Kitchen argues the change will attract more liquidity.
At 2025 trading volume, the new split would have meant about $62 million more in fees for v3 and Infinity liquidity providers
, TokenPost reported. That figure is an estimate.
It assumes 2025 trading volume repeats, and liquidity gains depend on LPs actually adding capital
, according to Blockchain Reporter.
Analysts have also flagged the cost to token holders.
A 69% reduction in emissions does not automatically translate into an equivalent improvement in $CAKE‘s net deflation rate
, FinanceFeeds noted, and investors will need to compare actual issuance against fee-funded burns once the change is in place.
Sources