PancakeSwap is a decentralized financial (DeFi), application that was built on Binance Smart Chain. It’s well-known for its automated market maker service (AMM) and quirky branding. ReleasedGovernance proposal for its second tokenomics roadmap iteration.

The centerpiece of the lite paper’s new version suggested an imposed supply cap on the project’s native token, PancakeSwap (CAKE). According to CoinMarketCap quantitative data, there is a current circulating supply at 293.4 millions. The paper recommended a maximum of 750,000,000.