cryptonews.net
Prominent decentralized exchange PancakeSwap announced incentives for CAKE token stakers. DEX decided to take the initiative of sharing part of the trading fee revenue with CAKE. Following the announcement, the CAKE token price saw an increase of nearly 6% in a day.
The exchange announced the Revenue Sharing Pool (RSP) on Sunday, July 30, 2023. According to this, the Fixed-term CAKE token holders who staked their assets on the platform would receive a share of the revenue. The amount planned to disbursed among stakers will be 5% of the weekly trading fees over the platform.
The CAKE token holders get compensation for their staking as a yield according to the annual percentage rate (APR). With the RSP, the stakers will have the chance to directly earn real yield. The decentralized exchange platform noted the RSP initiative launch to take place on August 9, 2023.
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