PancakeSwap has started rolling out its "The Flip" fee overhaul, with @RobinhoodCrypto Chain the first network to switch. Liquidity providers (LPs) in every v3 and Infinity pool on the chain now keep 88% of swap fees, with the remaining 12% going to the treasury. @PancakeSwap said the change is applied automatically.
The rollout follows a governance vote in which holders backed the plan with about 71% of the vote. The result marks a reversal from the run-up to the ballot:
Know when your
coins move
, according to Altcoin Buzz.
, Phemex reported.
What Changes for Fees and $CAKE Emissions
The proposal comes from the Kitchen, PancakeSwap's core team.
, according to TokenPost.
On the supply side, daily $CAKE emissions are set to fall from 22,500 to 11,000 during the first phase.
, FinanceFeeds reported.
The schedule is staggered.
, according to Cryptoticker.
$BNB Chain moves last. Its switch is tied to a supply target:
, Phemex reported. Once that is reached, emissions drop to 7,000 a day.
, according to TokenPost.
Trade-Offs for LPs and Token Holders
The Kitchen argues the change will attract more liquidity.
, TokenPost reported. That figure is an estimate.
, according to Blockchain Reporter.
Analysts have also flagged the cost to token holders.
, FinanceFeeds noted, and investors will need to compare actual issuance against fee-funded burns once the change is in place.
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