PancakeSwap opened a governance vote on Oct. 21 for a proposal called “The Flip” that would increase liquidity providers’ fee share to 88% and reduce daily CAKE token emissions by 69%, according to reporting from CoinTelegraph.
The vote runs through Oct. 24. If approved, implementation is expected to begin in November.
The proposal would raise LP fees on V3 and Infinity pools from the current 66%-68% on most pools to 88%. Daily CAKE emissions would fall from 22,500 tokens to 7,000 tokens per day.
PancakeSwap’s total value locked (TVL) reached $2.4 billion on Oct. 21, up nearly 19% over the past seven days. The exchange added approximately $380 million in TVL during that period, with concentrated growth in V3 liquidity pools. V3 TVL more than doubled from $336 million on Oct. 14 to $739 million on Oct. 21.
BNB Chain Activity Expands
PancakeSwap accounted for approximately 71% of BNB Chain’s decentralized exchange trading volume over the past seven days, recording $4.67 billion in volume. The exchange held $2.33 billion in liquidity on BNB Chain.
BNB Chain’s broader DeFi ecosystem grew 8.3% over the past seven days, with total value locked climbing to $5.84 billion. DEX trading volume across the chain surged 40.2% over the same period to $6.54 billion.
Stablecoin market capitalization on BNB Chain declined 0.6% to $13.1 billion.
Binance bStocks Integration
PancakeSwap began supporting Binance’s bStocks tokenized stock offering in June. Binance announced on Oct. 15 that bStocks had surpassed $1 billion in assets under management, approximately four months after launch. The product has generated $40 billion in cumulative trading volume, with 11.2% of bStocks value deployed in DeFi as of early October.
