BlockBeats News, January 19 — According to official sources, the proposal to reduce the maximum supply of PancakeSwap's native token CAKE has been approved with 100% votes. It is reported that the proposal suggests adjusting the maximum supply of CAKE from 450 million to 400 million. After the adjustment, the current circulating supply (approximately 350 million) still has a buffer of about 50 million between it and the new maximum supply (400 million).

Odaily Planet Daily reports that PancakeSwap announced on the X platform that, through a related proposal, the maximum supply of CAKE has been adjusted to 400 million tokens.

ChainCatcher message, according to Arkham data, at 21:40, 2,521,300 Cake (worth approximately $5.19 million) was transferred from GSR Markets to an anonymous address (starting with 0x14Ae...).

Odaily Planet Daily reports that PancakeSwap announced on the X platform that the voting for the proposal to reduce the maximum supply of CAKE tokens has officially begun. The proposal aims to decrease the maximum supply of CAKE tokens from 450 million to 400 million. Community members can now cast their votes on this official proposal.

ChainCatcher message, according to Arkham data, at 21:30, 2,552,800 Cake tokens (worth approximately $5.05 million) were transferred from an anonymous address (starting with 0xE863...) to GSR Markets.

Pancake official team proposes to adjust the maximum supply of CAKE from 450 million to 400 million to meet future development needs. Although there is a buffer between the circulating supply and the new supply, it is not expected to be used, and the ecosystem development fund has already accumulated about 3.5 million tokens to ensure protocol stability.

Gate News bot message, according to Gate official announcement Gate Earn now offers fixed-term financial products for FLOW, CAKE, and THETA. These financial products provide three lock-up periods: 7 days, 14 days, and 30 days for users to choose from.

Dragonfly Managing Partner Haseeb stated on X platform that the current Bear Market is the "easiest" one, compared to the severe collapse of 2022. Although prices are falling, the fundamentals are good, and the market environment is relatively stable.

PANews November 13 news, according to DeFi researcher Ignas, Aave is currently voting to set the LTV of tokens such as $CRV, $UNI, $ZK, $BAL, $LDO, 1INCH, $METIS, $CAKE to 0 and remove lending due to a big dump during the 10/10 (Beijing time 10/11 early morning) period, where the Oracle Machine updated once, causing a rise of 15%–50%, and some price feeds had latency, resulting in bad debt risk. Ignas pointed out that the price feed from Chainlink and DEX prices previously showed a price difference of about 58%, leading to ~$200K funds being arbitraged; the total collateral income for these assets over the past three months is about $14K, with low borrowing income (e.g., CRV annualized ~$80K). He, as a delegator, has voted in support.

Gate News Bot news, on October 16, according to CoinMarketCap data, as of the time of writing, CAKE (PancakeSwap) is currently priced at $3.12, with a fall of 10.50% in the last 24 hours, reaching a high of $4.14 and a low of $1.79. The current market capitalization is approximately $1.07 billion, a decrease of about $126 million compared to yesterday.