A new proposal from the PancakeSwap community suggests reducing the maximum CAKE supply to 400 million.

PANews reported on January 13th that a new proposal from the PancakeSwap community suggests reducing the maximum supply of CAKE from 450 million to 400 million. The proposal states that since the CAKE Token Economics 3.0 proposal was adopted in April 2025 and the veCAKE model was discontinued, daily emissions have decreased from approximately 40,000 to approximately 22,500, resulting in a net burn of approximately 8.19% of the supply throughout the year. This has reduced the circulating supply from 380 million at the beginning of the year to approximately 350 million, maintaining a deflationary state. The proposal argues that a maximum supply of 400 million is sufficient to support all future growth needs of the protocol, and the current ecosystem growth fund has already accumulated approximately 3.5 million CAKE to support protocol development; therefore, the protocol is unlikely to revert to an inflationary state. This adjustment will leave a buffer of approximately 50 million CAKE between the current circulating supply and the new maximum supply, but the team anticipates that this will not need to be used.