PancakeSwap Vote Proposes Higher Fees for Liquidity Providers

PancakeSwap has opened a governance vote on a proposal to increase liquidity providers’ share of swap fees on selected pools and reduce the issuance of its CAKE token. The vote on The Flip is scheduled to remain open through October 24, with implementation expected to begin in November if approved. The proposal would raise the share of swap fees allocated to liquidity providers on PancakeSwap’s V3 and Infinity pools to 88%, from roughly 66% to 68% on most pools. The protocol would retain the remaining 12%. The change would not alter the existing fee arrangement for V2 pools. The plan also calls for daily CAKE issuance to fall from 22,500 tokens to 7,000, a reduction of about 69%. The remaining issuance is intended for PancakeSwap’s ecosystem growth fund, known as the Pantry. The proposal’s terms and the planned vote timetable have been reported through PancakeSwap-related announcements; the final vote result has not been reported. PancakeSwap’s total value locked, or TVL, reached about $2.4 billion on October 21, up from approximately $2.02 billion on October 14, according to DeFiLlama figures cited in reporting. That is an increase of roughly $380 million, or 19%, over the...