PancakeSwap, one of many fashionable decentralized exchanges, made a brand new announcement.
At this level, within the inventory change assertion saying the ten% Transaction Payment Low cost for CAKE buyers, he mentioned:
“Thrilling information for CAKE Stakers!
We’re launching our first transaction rewards program designed particularly for many who personal veCAKE.
This particular provide permits anybody with over 100 veCAKEs to obtain a ten% low cost on transaction charges. For those who spend 100 CAKE on transaction charges, you’re going to get 10 CAKE again!
To be part of this system, you have to have no less than 100 veCAKEs by the top of the marketing campaign.
The extra CAKE you stake and proceed to stake, the extra veCAKE you’re going to get.”
After the announcement, CAKE value began to rise.
*This isn’t funding recommendation.