PancakeSwap
Launch App
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  • Welcome to PancakeSwap
    • Product Overview
    • ✨How-to Guides
      • Get Started (BSC)
        • Create a Wallet
        • Get BEP20 Tokens
        • Using PancakeSwap without Centralized Exchanges
        • Connect Your Wallet to PancakeSwap
      • Get Started (Aptos)
        • Create a Wallet
        • Get Aptos Coins
        • CAKE Bridging Guide
        • Connect Your Wallet to PancakeSwap
        • Aptos FAQ
      • V3/V2 Migration
        • How to migrate
        • How v3 APR is calculated
        • FAQ
        • V2 Migration
          • Migrate Your Stakings
          • MasterChef v2
            • List of Farms
          • CAKE Syrup Pool
    • 🗺️Roadmap
    • veCAKE Sunset
      • Staked Cake Redemption
      • 🔷[Archive] veCAKE
        • What is veCAKE?
        • How to get veCAKE?
        • Migrate from CAKE Pool
        • veCAKE Managers
        • Bridge your veCAKE
        • Earn CAKE Weekly
          • FAQ
    • 📈Analytics (Info Page)
    • ✅Audits
    • 🤙Contact Us
      • Social Accounts
      • Telegram & Discord Communities
      • 💼Business Partnerships
        • ⛽veCAKE / Gauges
        • 🧑‍🌾Initial Farm Offerings - IFOs
        • 🥞Syrup Pools and Farms
        • 🖼️NFT Marketplace
        • ❓Commonly Asked Business Partnerships Questions
      • Ambassador Program
        • What can you do as an Ambassador?
        • Benefits of a PancakeSwap Ambassador
        • Want to be an Ambassador?
        • ❓ FAQs Page
      • General FAQ
        • I need help
        • Troubleshooting Errors
        • What is an Approval Transaction?
        • Fixing Stuck Pending Transactions on MetaMask
    • 👨‍👨‍👦About Us
      • Team
        • The Kitchen Team
        • Become a Chef
          • Brand / Graphics Designer
          • Motion / Interaction Designer
          • Social Media & Content Manager
          • Developer Relations Manager
          • Product Designer (UX/I)
          • Business Development Manager
          • Senior Backend Engineer
      • Brand & Logos
  • 👴Archive
    • 📂Legacy Products
      • 🖼️[Archived] NFT Marketplace
      • 🎮[Archived] Gaming Platform
        • 📒Brand Kit
        • 🎓Pancake Mayor
        • 🛡️Pancake Protectors
          • FAQ
      • 🍯[Archived] Pottery
        • How to Play Pottery
        • Pottery FAQ
      • 🧈[Archived] Trading Reward
        • How to Participate
          • Top Traders Campaign
          • CAKE Stakers Campaign
        • FAQ
      • 🤝[Archived] Simple Staking
        • How to start Simple Staking
        • FAQ
        • Terms & Conditions
      • 🎯[Archived] PancakeSwap Quest
        • Getting Started
        • How to Join and Complete a Quest
        • Rewards
      • 💧[Archived] Liquid Staking Integration
        • How To Liquid Stake
        • WBETH
          • WBETH FAQ
        • SnBNB
          • SnBNB FAQ
      • 💸[Archived] Options
        • Options Primer
        • CLAMM Options
        • Options FAQ
      • [Archived] CAKE Syrup Pool
        • How to use the Flexible Staking option
        • How to use the Fixed-Term Staking option
    • Old Tokenomics
      • CAKE Tokenomics v1
      • Controlling CAKE supply v1
    • How to Use Farms with BscScan
    • [Archived] Affiliate Program
      • Dashboard & Link
      • Commission Structure and Payment
      • Program Rules & Guidelines
      • Terms & Conditions
  • Trade
    • 🔄Swap
      • Token Swaps
      • How to Trade
      • Fees and Routes
      • Market Maker Integration
      • Smart Router (V2)
        • How to trade using Smart Router
    • ♾️PancakeSwap Infinity
      • Key Features
      • Hooks
        • Dynamic Fee Hook
      • Pool Types
      • Farms
    • 🎯Limit Orders and Twap
      • How to use Limit Orders
      • How to use TWAP
    • 📈Perpetual Trading
      • What is Perpetual Trading?
      • Perpetual Trading V2
        • How can I use it?
        • Dumb Mode
          • Dumb Mode Guide
        • Degen Mode
          • Degen Mode Dynamic Fee
        • Perpetuals V2 Glossary
        • Forex
        • Perpetual Trading FAQ
        • Supported Chains, Modes & Markets
      • Perpetual Trading V1
        • Perpetuals V1 Glossary
        • How can I use it?
        • V1 Perpetual Trading FAQ
    • 🏦Stableswap
      • How to StableSwap
    • 💳Buy Crypto
    • ❓Trading FAQ
      • Swap FAQ
      • v4 FAQ
      • Limit Orders and TWAP FAQ
  • Bridge
    • 🌉Bridging
      • How to Bridge – Between EVMs
      • How to Bridge - EVM <> Aptos
    • ❓Bridging FAQ
  • Earn
    • 🌊Liquidity Pools
      • How to Add/Remove Liquidity
      • ⛏️Pancake Picks
      • Zap
        • Zap (V2)
    • 🚜Yield Farming
      • How to Use Farms
        • How to Use Farms (Legacy)
      • APR/ROI/IL Calculator
      • Farming on Aptos
        • FAQ
      • Crosschain Farming
        • FAQ
    • 🥩Cake Staking
      • 🍯Syrup Pools - Stake CAKE
        • Syrup Pools
    • 🛍️IFO (Initial Farm Offering)
      • How to Participate in an IFO
      • How to Participate in CrossChain IFOs
      • FAQ
      • NFT Profile System
        • How to Set Up an NFT Profile
        • Teams
      • Contract Details
    • ❓Earn FAQ
      • Cake Staking FAQ
        • Syrup Pool FAQ & Troubleshooting
  • Play
    • 🔮Prediction
      • How to Use Prediction
      • AI Prediction
      • Prediction FAQ
      • Prediction Troubleshooting
      • Prediction Mini App
    • 🎟️Lottery
      • How to Play Lottery
      • Lottery FAQ
  • ❓Play FAQ
  • Trading Tools
    • 🛡️PancakeSwap MEV Guard
    • PancakeSwap Auto Slippage
      • How to Set Slippage on PancakeSwap
    • 🔔Notifications
    • ❓Trading Tools FAQ
      • MEV Guard FAQ
  • Protocol
    • 🍰CAKE Tokenomics
    • 📔Governance
      • How to Vote
    • 💻Developers
      • Developer Docs
      • Contributing
        • Codebase Overview
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On this page
  • CAKE Tokenomics 3.0 Overview
  • How to Confirm CAKE Supply for yourself
  • Does CAKE have a hard cap?
  • How is CAKE supply reduced?

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  1. Protocol

CAKE Tokenomics

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Last updated 1 month ago

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CAKE Tokenomics 3.0 Overview

Our goal at PancakeSwap is to build a decentralized ecosystem that prioritizes flexibility and sustainability of the CAKE community, liquidity providers, and PancakeSwap supporters.

PancakeSwap’s target is an annual deflation rate of at least ~4% per year and a total CAKE supply reduction of ~20% by 2030. To achieve this, PancakeSwap implements a buy-back-and-burn strategy, ultimately leading to a deflationary CAKE token.

Burns are driven by every product in the PancakeSwap ecosystem, specifically a large share of fees from:

  • Perpetual trading (20% of all profits)

  • IFOs (100% of all fees)

  • Prediction and Lottery products (3% of each round)

Emissions are carefully managed to ensure liquidity is directed to the most productive pools and products. PancakeSwap’s focus is on scaling volume growth by optimizing liquidity incentives and boosting revenue per CAKE spent. Every decision revolves around the goal of creating real revenue and contributing to long-term success for the entire community. Products that receive CAKE emissions include:

  • Multichain farms

  • Lottery

  • Ecosystem Growth

How to Confirm CAKE Supply for yourself

To confirm that the circulating CAKE supply shown on the PancakeSwap homepage is correct:

  1. Then, subtract this burned amount from the "Total Supply" that BscScan shows.

  2. This gives you the actual CAKE supply.

Does CAKE have a hard cap?

Yes, CAKE now has a hard cap set at 450M.

A proposal for the latest cap adjustment was put forward on December 28, 2023. This proposal aimed to further decrease the cap from 750M to 450M. It was subsequently presented to our community for voting and was successfully passed.

How is CAKE supply reduced?

(15-23% of trading fees)

Head to the CAKE token contract on BscScan and That's the total amount of CAKE that's been burned (removed from circulation FOREVER, and impossible to ever retrieve).

Note: CAKE locked forever in the legacy CAKE pool is also considered burned as it is irretrievable. This accounts for this.

For more details on the voting proposal, please follow this link:

The Chefs aim to make deflation higher than emission by building deflationary mechanisms into PancakeSwap's products. The goal is for more CAKE to leave circulation than the amount of CAKE that's produced. Check the for details on present and upcoming deflationary mechanisms.

🍰
Spot liquidity pools
see how much CAKE is held by the Burn Address.
Dune dashboard
https://pancakeswap.finance/voting/proposal/0x3e014aab40f6551da9f76da0e62e44e9ece55c4997f220057bf3e42dc8307c2f
CAKE Burn Dashboard