PancakeSwap, one of many fashionable decentralized exchanges, has made a brand new announcement.
At this level, within the trade announcement saying the ten% transaction payment low cost for CAKE traders, he stated:
“Thrilling information for CAKE Stakers!
We’re launching our first transaction rewards program designed particularly for individuals who personal veCAKE.
With this particular provide, anybody with greater than 100 veCAKEs will obtain a ten% low cost on transaction prices. When you spend 100 CAKE on transaction charges, you get 10 CAKE again!
To be a part of this system you should have at the least 100 veCAKEs by the tip of the marketing campaign.
The extra CAKE you employ and proceed to make use of, the extra veCAKE you get.”
After the announcement, the value of CAKE began to rise.
*This isn’t funding recommendation.