PancakeSwap community discusses cutting max CAKE supply to 400M

The community of the BNB Chain-based decentralized exchange (DEX) PancakeSwap (CAKE) is discussing a governance proposal to reduce the token's maximum supply from 450 million to 400 million. This follows a move last year in which the protocol burned 8.19% of its total supply as part of its Tokenomics 3.0 initiative. According to the proposal's author, the current circulating supply of CAKE is approximately 350 million, leaving about 50 million available for future issuance to support protocol growth. The author added that the likelihood of PancakeSwap returning to an inflationary state is very low.