In our February 2024 report, we dive into the CAKE token supply management world on PancakeSwap. Learn how PancakeSwap reduces the total supply of CAKE through strategic burns and the pursuit of ultrasound CAKE.
As of March 8th, 2024, PancakeSwap has successfully burned 0.025% of the CAKE total supply for February 2024. To calculate this percentage, we divided the total net mint of -95,023 CAKE by the initial total CAKE supply on February 5th, 2024. This marks the sixth consecutive month of CAKE total supply reduction, with a cumulative -1,372,017 CAKE net mint over September, October, November, December 2023, January, and February 2024.
In February 2024, PancakeSwap achieved a net mint of -95,023. This negative net mint indicates that more CAKE tokens were burned than minted during the month.
Please note that we have excluded CAKE mints that directly contribute to burning, calculating the mint based on raw CAKE/block emission (including emission changes over the months) for a precise monthly mint estimate.
Note: We pro-rate weekly CAKE burns over two months to ensure accuracy. For example, burns occurring at the end of February and stretching into March receive a proportionate allocation between the two months.