PancakeSwap Launches Revenue-Sharing Program for CAKE Stakers.

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Author: Mustafa Mulla

Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.

PancakeSwap, the second-largest decentralized exchange by trading volume and market share, has launched a revenue-sharing program for stakers of its native token, CAKE. Beginning on August 9th, fixed-term CAKE stakers will receive 5% of the trading fee revenue from all PancakeSwap v3 pairs, with 0.01% and 0.05% fee tiers, on a recurring and weekly basis. This initiative is intended to be a long-term growth strategy and will apply to all chains where PancakeSwap is available. The revenue-sharing program aims to align with PancakeSwap’s long-term vision of sustainability and community-driven growth while also mitigating inflation and enhancing the benefits of holding CAKE.

Source: https://coinpedia.org/crypto-live-news/pancakeswap-launches-revenue-sharing-program-for-cake-stakers/