PancakeSwap Opens Vote To Cut CAKE Emissions By Around 69%

TL;DR: PancakeSwap’s ‘The Flip’ vote would boost liquidity providers‘ share of certain trading fees to 88% while cutting daily $CAKE emissions to 7,000.

PancakeSwap holders are being asked to decide how much value should go to liquidity providers and how much new $CAKE the protocol should continue issuing. Voting has opened on ‘The Flip’, a proposal first outlined to the community earlier in October.

Under the plan, liquidity providers on v3 and Infinity pools would keep 88% of swap fees, up from roughly two-thirds on many pools. The protocol’s remaining 12% fee share would go to its treasury. V2’s existing fee setup would not be changed by this part of the proposal.

The other major adjustment is on the emissions side: effective daily $CAKE issuance would fall from 22,500 to 7,000, a reduction of approximately 69%. The remaining issuance is intended for PancakeSwap’s ecosystem growth fund, known as the Pantry.

Supporters will argue that paying liquidity more generously can improve trading depth and that cutting new token issuance may reduce dilution. The trade-off is how the treasury finances development and incentives over time. Nothing is final until the vote passes and code changes are rolled out. The proposed implementation would take place in phases from November, rather than changing every supported chain overnight.

Written by the News Desk and edited by Samuel Rae.