BNB

PancakeSwap Launches Revenue Sharing Pool, Rewards $CAKE HODLers

by BSC News

August 1, 2023

chain

PancakeSwap’s Revenue Sharing Pool allows stakers of $CAKE to benefit from the platform’s trading fees

Announced in a blog post on July 30, PancakeSwap has launched its Revenue Sharing Pool, which allows fixed-term $CAKE stakers to benefit from the DEX’s v3 trading fees.

The launch is designed to complement the existing CAKE pool, which allows all stakers to accrue APY from the platform. However, with the Revenue Sharing Pool, those that stake their $CAKE on a longer-term basis will have their staking yield compounded. 

Source: Blog.PancakeSwap.Finance

On a weekly basis, contributors to the new pool will receive 5% of the DEX’s trading fees from all trading pairs live on v3.

PancakeSwap fee distribution according to this recent update. Source: Blog.PancakeSwap.Finance

Rewards accrued in this way, already validated by some $12.5 billion in cumulative PancakeSwap v3 volumes, are expected to be expanded by the DEX's recent support of upcoming layer-2 networks such as zkSync Era, and Polygon’s zkEVM.

August Reward Boost

To celebrate the launch of the Revenue Sharing Pool, PancakeSwap will be boosting the first four reward distributions, meaning that early contributors to the pool will receive a full 25% of the revenue rewards, through the month of August.

What is PancakeSwap?

PancakeSwap is one of the most popular decentralized exchanges in the blockchain ecosystem. Launched in 2020, the DEX boasts more than $1.5 billion in locked liquidity, according to data from DefiLlama, and is the largest DeFi protocol on BNB Chain. 

At all-time highs, PancakeSwap’s TVL reached nearly $22 billion, and its native token, CAKE, has a market capitalization of $330 million at time of writing, according to data from CoinMarketCap.

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