PancakeSwap (CRYPTO: CAKE), a decentralized exchange (DEX), is set to share a portion of its trading-fee revenue with stakers of its native token to enable them to earn more rewards.
“PancakeSwap is a quick and cheap decentralized exchange,” said Coindesk’s website.
The Revenue Sharing Pool (RSP) initiative will see Fixed-Term CAKE stakers receive 5% of the trading fee revenues from all PancakeSwap v3 pairs with 0.01% and 0.05% fee tiers on a recurring and weekly basis.
“Fixed-Term CAKE stakers will not only enjoy the APR from staking CAKE, but will also earn real yield directly from the revenues of PancakeSwap’s v3 trading fees,” said Benzinga.
The RSP, which launches on Aug. 9, is also a sustainable and rewarding model for CAKE Zenger News.
By directly profiting from the growth of the PancakeSwap protocol, CAKE Zenger News participate in a new sustainable model that benefits the entire community.
To claim rewards, users must click “Claim” in the Locked CAKE Benefits pop-up on PancakeSwap. Throughout August, the “kitchen” will inject extra rewards from the revenue accumulated during June and July this year.
The first four distributions will each receive 25% of the revenue-sharing rewards from June and July.
The explosion of decentralized finance (DeFi) has unlocked new financial iterations that revolve around autonomy, speed and inclusion – a combination lacking in the traditional financial realm.
This is especially true for the budding decentralized exchange (DEX) sector, where users increasingly engage with autonomous markets anchored by blockchain technology.
A prime example of such a market is PancakeSwap, the BNB Chain (formerly Binance Smart Chain) variant of decentralized exchanges like UniSwap (UNI) and SushiSwap (SUSHI).
Edited by Deborah .C. Amirize and Judy J. Rotich
