$CAKE
PancakeSwap announces that the CAKE Tokenomics 3.0 proposal has been approved by the community. This brand new token economic model aims to drive the platform towards a more sustainable and deflationary long-term growth path. The officials pointed out that the new model will optimize the supply and demand dynamics of the CAKE token to achieve a healthier market environment. Regarding the specific implementation details, including the highly anticipated CAKE redemption mechanism and related follow-up development plans, the officials promise to release more detailed information in the near future.