The move would slash its emission rate drastically from the current rate of over 20%.
its token inflation to anywhere between 3% to 5% per annum, far below current rates of over 20%.
"This is a significant and important change for PancakeSwap," the DEX wrote, while providing an opportunity for token holders to vote on appropriate changes and a feedback form to discuss them. Currently, PancakeSwap operates a high token emission model to incentivize high yields for protocol features such as liquidity pools and farm offerings, as well as removing tokens from circulation via high staking yields.
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