Controlling CAKE supply
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.
By reducing the amount of CAKE made per block, we slow inflation. This has already been done once: Since the first reduction in block emissions, we've already effectively reduced the number of CAKE entering circulation from 40 CAKE per block to 12.75. But we don't want to do this too frequently, too early, we want to still incentivize people to provide liquidity.