PancakeSwap's new proposal aims to reduce the maximum supply of CAKE from 450 million to 400 million tokens

The PancakeSwap governance forum shows that the PancakeSwap team has proposed to reduce the maximum supply of CAKE tokens from 450 million to 400 million.

The PancakeSwap team stated that since September 2023, CAKE has been in a deflationary state, and this trend is expected to continue. The team has accumulated approximately 3.5 million CAKE as a growth fund for the ecosystem, which will be prioritized for protocol development needs, making it less likely for the protocol to return to an inflationary state.

The proposal will enter the voting phase after community discussion, and if approved, it will reduce the maximum supply cap by 50 million CAKE.