Proposal to Reduce CAKE Token Max Supply

 In April 2025, we passed the [**CAKE Tokenomics Proposal 3.0**](https://pancakeswap.finance/voting/proposal/0x79ef496c9737e48d9677a6e291ff2a549dee6729c9996398e453af8ecbf0ceb3), which retired the veCAKE model and reduced CAKE emissions from ~40,000 to ~22,250 per day. Because of this change, we attained a [**net burn of ~8.19%**](https://x.com/PancakeSwap/status/2007044333661507905) of CAKE’s token supply in 2025, reducing it from 380M at...