PancakeSwap2026-10-23 06:09:14PancakeSwap’s The Flip proposal faces 98.2% opposition as CAKE holders debate fees, burns and LP incentivesPancakeSwap’s governance proposal known as The Flip was drawing overwhelming opposition as of Oct. 23, with roughly 1.23 million votes against and only about 22,000 in favor, according to the voting page. The proposal would raise the liquidity provider share for v3 and Infinity pools across 11 chains to 88%, send the remaining 12% to the treasury instead of direct burns, and cut newly issued CAKE rewards from 22,500 per day to 7,000. The Kitchen, PancakeSwap’s core team, argues the change would let v3 and Infinity LPs earn about $62 million more per year based on 2025 trading volume, potentially supporting as much as 30% more liquidity and reducing price impact for traders. Critics are focused on a different trade-off: the plan would remove one of CAKE’s biggest burn sources and sharply slow the token’s net deflation rate. The dispute has widened into a broader argument over tokenomics. Supporters say deflation is a tool and platform usage should come first. Opponents say protocol growth still needs a direct path back to CAKE holders, whether through burns or fee-linked value accrual. Voting is scheduled to end at 16:07 on Oct. 24.80
Machi2026-10-20 04:06:41Machi says PAPER may remain non-transferable for an extended period, leaving fee income as holders’ current return pathMachi, also known as Jeffrey Huang, said in a post on X that the PAPER token appears likely to remain non-transferable for a relatively long period. Under that setup, fee-sharing income would be the only current source of investment returns for holders. He also said that as token supply increases, each holder’s share of fee distributions could be diluted over time. Machi added that because PAPER has no team token allocation, issues such as token value, dilution, and exit liquidity matter more to holders than to the team. In his view, fee revenue distribution is the part that keeps incentives aligned between both sides. He ended by saying there is still room to address the issues he raised.150
