In our January 2024 report, we dive into the CAKE token supply management world on PancakeSwap. Learn how PancakeSwap reduces the CAKE total supply through strategic burns and pursuit ultrasound CAKE.

## **CAKE Total Supply Reduction:**
As of February 6th, 2024, PancakeSwap has successfully burned 0.046% of the CAKE total supply for January 2024. To calculate this percentage, we divided the total net mint of -178,547 CAKE by the initial total CAKE supply on December 26th, 2023. This marks the fifth consecutive months of CAKE total supply reduction, with a cumulative -1,276,994 CAKE net mint over September, October, November, December 2023, and January 2024.

## **Achieving CAKE Total Supply Reduction through Net Minting:**
In January 2024, PancakeSwap achieved a net mint of -178,547. This negative net mint indicates that more CAKE tokens were burned than minted during the month.

## **January Mint Breakdown**
- Farms:  745,393 CAKE
- CAKE Syrup Pool: 194,848
- Other Product Usage: 123,962
- Total January Mint: 1,064,202

_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._

## **January Burn Categories**
- Swaps and Perpetual Trading Fees: 904,238 CAKE
- Prediction: 167,781 CAKE
- Pancake Protectors: 9,863 CAKE
- Lottery, NFT Market, Profile & Factory: 134,119 CAKE
- IFO 26,748
- Total January Burn: 1,242,749 CAKE

_Note: We pro-rate weekly CAKE burns over two months to ensure accuracy. For example, burns occurring at the end of January and stretching into February receive a proportionate allocation between the two months._

## **Proof of Burn for January:**
- January 2: [**Link**](https://bscscan.com/tx/0x7e8b23ae360ac16468e44c541a96019a3f889c62821aed320b6dace68120d81e)
- January 8: [**Link**](https://bscscan.com/tx/0xdddb22d7af19a36fa92342a9bc5c2bf82a6e3b8a843abcfbd45ac261c5e7ebb8)
- January 15: [**Link**](https://bscscan.com/tx/0xed61d7cddf0560cc2be18d5c4572deac65c9372b6d4178adfea31be81020f047)
- January 22: [**Link**](https://bscscan.com/tx/0xd70d3e0f6055ad819b636cfac0995e89cf60deac890e8fe3caa9c3b3104c3258)
- January 29: [**Link**](https://bscscan.com/tx/0x8258158d524efa270ac40b2eb55dd21f5eeb27816a0f6dd7d680d1e99d3b54d2)
- February 6: [**Link**](https://bscscan.com/tx/0x2ec68688cd22c67b29ea27bad41a4b1acfcc255d83bc35cb3dc1cfdf021e0f11)

In our January 2024 report, we dive into the CAKE token supply management world on PancakeSwap

January 2024: PancakeSwap's CAKE Burn

Our July 2024 report explores 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.

## **CAKE Total Supply Reduction:**
As of  7th August, 2024, PancakeSwap has successfully burned -0.093% of the CAKE total supply for July 2024. To calculate this percentage, we divided the total net mint of -357,707 CAKE by the initial total CAKE supply on July 1 2024. This marks the eleventh consecutive month of CAKE total supply reduction, with a cumulative -3,549,758 CAKE net mint over September, October, November, December 2023, January, February, March, April, May, June, July 2024. 

## **Achieving CAKE Total Supply Reduction through Net Minting:**
In July 2024, PancakeSwap achieved a net mint of -357,707 Cake This negative net mint indicates that more CAKE tokens were burned than minted during the month.

## **July Mint Breakdown**
- Farms: 829,035
- CAKE Syrup Pool: 72,882
- Other Product Usage: 123,957
- **Total July Mint:** 1,025,874

_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._

## **July Burn Categories**
- Swaps and Perpetual Trading Fees: 957,831
- Prediction: 301,431
- Pancake Protectors: 3,216
- Lottery, NFT Market, Profile & Factory: 121,104
- **Total July Burn: 1,383,581**

Note: To ensure accuracy, we pro-rate weekly CAKE burns over two months. For example, burns occurring at the end of July and stretching into August receive a proportionate allocation between the two months.


## **Proof of Burn for July:**

- July 1: **[Link](https://bscscan.com/tx/0xdd42b54df0d0271df65f6223a3c1fb75ad9e5069d82a0de3f2a5de38c6edd132)**
- July 8: **[Link](https://bscscan.com/tx/0xadc429ed54bf7cc74247447c524e8cb7747e75779b00a68729341b4eddc3fefb)**
- July 15: **[Link](https://bscscan.com/tx/0xb6f517aa393943c6be79991f59607f39194de2952e849dbdc1972f7488bb46b4)**
- July 22: **[Link](https://bscscan.com/tx/0x8f6053f757796ce2e685fd6e3016908f0727e03969ebee40633fd443c8ba398d)**
- July 29: **[Link](https://bscscan.com/tx/0xe600a35644283facb547554e9c9c9cf4a7a202907d70020eb217c15999a2a245)**
- August 5: **[Link](https://bscscan.com/tx/0x65406df1fceb5e191cf549a2d06316c352fbbf6466619f60d858aec42fc84cf7)**

Our July 2024 report explores the CAKE token supply management world on PancakeSwap. 

July 2024: PancakeSwap's CAKE Burn Report

Gm PancakeSwap Community!

We’re excited to launch **[PancakeSwap Quest](https://quest.pancakeswap.finance/quests)** - Beta, the ultimate platform for DeFi quests. Explore, engage, earn, and build your DeFi profile like never before. Whether you’re a seasoned pro or just starting out, PancakeSwap Quest offers an immersive, multi-chain experience that will elevate your DeFi journey.

## **Why PancakeSwap Quest?**

In today’s DeFi ecosystem, users often find themselves overwhelmed by the need to interact with multiple quest platforms and projects. Each one requires separate logins, interfaces, and tasks, making it unmanageable to stay engaged. PancakeSwap Quest is here to solve this problem by providing a unified platform where you can:

- **Streamline Your Experience:** PancakeSwap Quest will host PancakeSwap campaigns and partner quests directly on our platform. This means you can manage and complete your PancakeSwap campaigns from a single location, simplifying your DeFi journey and enhancing efficiency.
- **Enhance Engagement:** PancakeSwap Quest allows you to participate in various social media and on-chain tasks directly through our platform. Easily connect with PancakeSwap and other projects, complete tasks, and verify your participation—all in one place. Whether you're a seasoned DeFi user or new to the space, our interactive features make engaging with campaigns straightforward and efficient.
- **Simplify Development:** Our platform makes it easier to manage campaigns internally by eliminating the need to build and maintain separate APIs for each task. For projects looking to host campaigns with PancakeSwap, there’s no need to create additional APIs—everything is already built-in. This approach conserves resources, simplifies management, and enhances overall efficiency.

## **Key Features:**

1\. Personalized DeFi Profile: Customize your quest profile with a username and NFT avatar to represent your DeFi identity. **[Read the guide here about creating your quest profile.](https://docs.pancakeswap.finance/products/nft-market/nft-profile-system/profile-guide)**

As a new user, you'll need to create and use "The Bunny" NFT collection, which is free and essential for your DeFi profile on the Quest platform. "The Bunny" NFT collection is exclusively for the Quest platform. If you already have a **[PancakeSwap NFT profile](https://docs.pancakeswap.finance/products/nft-market/nft-profile-system/profile-guide)** from other NFT collections, you can simply connect your wallet to activate your Quest account.

![Screenshot 2024-08-05 at 14.23.22.png](https://sgp1.digitaloceanspaces.com/strapi.space/907f2e5ccca743fee51728e59b332092.png)

2\. Interactive Engagement: Participate in a wide range of tasks and challenges, from social media campaigns to on-chain activities.
![Screenshot 2024-08-06 at 16.46.53.png](https://sgp1.digitaloceanspaces.com/strapi.space/fd2874e5905b8b20b9df29795be63fe6.png)
3\. Multi-Chain Support: Explore quests across six chains—BNB Chain, Ethereum, Arbitrum, Base, zkSync, and Polygon zkEVM—with plans for further expansion.

## **Join the Beta: What to Do**

During our beta phase, participate in a variety of tasks and campaigns designed to test and refine our platform:

- Explore and Engage: Dive into tasks and campaigns designed to test and enhance PancakeSwap Quest.
- Share Your Feedback: Help us improve the platform by providing your insights through our **[feedback form](https://forms.fillout.com/t/qGGZR9mNKrus)** or joining our community on **[Telegram](http://t.me/PancakeSwap)** and **[Discord](https://discord.com/invite/pancakeswap)**.
- Beta Launch Campaign: **[Create Your DeFi Profile](https://quest.pancakeswap.finance/quests/a2eeefe4f49b4947a1a14bbff344bbb3).** Celebrate the launch of PancakeSwap Quest by creating your DeFi profile and joining our campaign **[here](https://quest.pancakeswap.finance/quests/a2eeefe4f49b4947a1a14bbff344bbb3)**

## **Explore, Engage, Earn: Build Your DeFi Profile on PancakeSwap Quest!**

As we venture into this beta phase together, look forward to exciting quests and tasks  designed to enhance your DeFi journey. Join us on this adventure – explore and engage with PancakeSwap Quest - Beta!

Happy Questing!


Gm PancakeSwap Community. We’re excited to launch PancakeSwap Quest - Beta, the ultimate platform for DeFi quests. Explore, engage, earn, and build your DeFi profile like never before.

Introducing PancakeSwap Quest - Beta: Your Ultimate DeFi Quest Platform

On July 18th, we held a new AMA in the PancakeSwap kitchen! If you missed it or want to review what we discussed, we recommend you keep reading this blog.

This AMA was different from what we are used to; we introduced a new Head Chef! Chef Kids presented herself to the entire PancakeSwap community and shared a bit about who she is and what she hopes to build from this new position at PancakeSwap. 

If you want to know more, we recommend you [watch the video](https://www.youtube.com/watch?v=BOZC89vd_ZM) for a closer experience.

Let's dive into what was discussed in the AMA!


## Main Topics

### Strategies to Increase Trading Volume - New Trading Venue

Bun highlighted that PancakeSwap is working on a new trading venue close to completion, which aims to convert more traffic into volume, growth, and holder benefits. Details remain confidential, but this innovation promises to enhance the swap experience significantly.

### Web3 Quest Platform - Reasons behind the creation

Gyoza explained that the Web3 Quest Platform aims to offer a native, fast, and interactive experience, integrate more products, and provide streamlined user feedback. It will support product marketing and user growth and create synergy with new and unique partnerships.

### PancakeSwap v4: When?! And other important topics

Chef Momo confirmed the v4 launch will be comprehensive and fully packaged, with additional features rolled out incrementally to ensure a seamless user experience.

Security is a top priority. v4 will undergo comprehensive audits by leading firms like Zellic, Ottersec, and Hexens, ensuring robust security measures.

### PancakeSwap Attractiveness - UX/UI, veCAKE and more!

Kids noted the importance of continuous product and user experience improvement, which is why the PancakeSwap main site underwent a huge UX/UI revamp.   

Bun added that veCAKE is expanding across EVM blockchains, encouraging users to take advantage of opportunities in various ecosystems.

Talking about veCAKE and user benefits, Bun mentioned ongoing plans for new pools linked to veCAKE staking. In response to questions about Syrup Pools with caps, he highlighted that botting issues hindered previous caps. Future pools may have higher caps or be exclusive to veCAKE holders.

### Expectations from IFOs

Bun and Kids emphasized the focus on high-quality teams and long-term value. New ideas are being drafted to make PancakeSwap the go-to launchpad, with further updates expected soon.

### Dual Trading Rewards Program - Why is it on the roadmap? 

Bun explained that the dual trading rewards program rewards loyal users with token incentives. The recent campaign allows users eligible for both CAKE lockers and frequent/large traders to claim rewards from both campaigns.

### CAKE Burns and Supply - Present and future

PancakeSwap effectively manages CAKE supply with a net negative monthly emission of approximately 1.9 million CAKE. 

Future plans include introducing more high-quality products and using revenue to buy back and burn CAKE tokens.

## Other Topics

### Roadmap Consolidation - Is it necessary to have roadmaps so often?

Bun emphasized the tradition of quarterly roadmaps for community engagement. Many items take longer than a quarter to complete, causing them to appear in multiple roadmaps. 

PancakeSwap constantly pivots and adjusts its projects due to the rapid pace of DeFi.

### MancakeSwap Launch - When?

The launch is imminent. The partner team is currently completing audits and planning to update the community in the coming weeks.

### Games Development and PancakeSwap Team resources

Gyoza stated that the games marketplace features prominent games to improve CAKE utility, with the tech effort done by gaming partners. 

Like Steam, PancakeSwap acts as a marketplace, focusing on curation for better performance.

**Stack’em!**
_The Chefs 🥞_


PancakeSwap Q3 Roadmap AMA Recap

*Updated as of 1 August, 2024

GM PancakeSwap Fam, 

We are excited to announce that PancakeSwap will airdrop 2,452,128 million ZK tokens directly to our community. This initiative recognizes and appreciates our community's ongoing and continued support of the ZKsync PancakeSwap development. 

![2024-07-05 11.56.06.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/f8300166b872c1ec3e1c59d51dfb7412.jpg)

## **ZKsync PancakeSwap Achievements and Milestones**
Over the past year, PancakeSwap has made substantial strides on ZKsync, implementing essential features such as seamless **[Swaps](https://pancakeswap.finance/swap?chain=zkSync)**, **[Yield Farming](https://pancakeswap.finance/farms?chain=zkSync)**, **[Prediction Markets](https://pancakeswap.finance/prediction?chain=zkSync&token=ETH)**, **[Fiat On-Ramp](https://pancakeswap.finance/buy-crypto?chain=zkSync)**, **[Position Manager](https://pancakeswap.finance/position-managers?chain=zkSync)**, and **[Syrup Pools](https://pancakeswap.finance/pools?chain=zkSync)**. These efforts have resulted in impressive milestones, surpassing 3.6 billion USD in trading volume, 5.8 million USD in total value locked (TVL), and over 1.9 million total traders.

## **ZK Airdrop Distribution Criteria**
The ZKsync airdrop is structured to reward both longstanding contributors who have supported our journey and newcomers who engage actively with PancakeSwap. 

![Screenshot 2024-07-05 at 12.12.56.png](https://sgp1.digitaloceanspaces.com/strapi.space/0319e21dffc60b57c323de1b4d9c301c.png)

***For veCAKE Managers, specifically StakeDAO and Cakepie, they will distribute 100% of the Airdrop to their ecosystem users, across liquid locked CAKE stakers and LPers. We have included their treasury addresses for this distribution.**

**Note: Qualifying under Category (1 and 2) also allows participation in Category (3), allowing you to maximize airdrop benefits by continuing to contribute liquidity and trade actively on PancakeSwap.**

## **Selection Criteria**
1\. **veCAKE holders:** This allocation rewards veCAKE holders for their loyalty and steadfast support of PancakeSwap. By incentivizing continued engagement in our platform, we aim to strengthen our community base and foster long-term commitment from our most dedicated supporters.

2\. **Past contributors:** We have selected users who have actively contributed to the ZKsync PancakeSwap ecosystem through various means, such as trading, providing liquidity, participating in the ZKsync Traverse campaign, using the ZKsync Prediction product, and voting in ZKsync gauges. These contributors play a crucial role in the functionality and growth of our ecosystem, ensuring liquidity and activity that is vital for its sustainability and success.

3\. **Future contributors:** To sustain growth and development, it's essential to incentivize upcoming traders and LPs to engage with ZKsync PancakeSwap. By including this category, we encourage ongoing participation and innovation within the ZKsync ecosystem. Rewarding future contributors helps drive continuous growth, particularly in total value locked (TVL), which is aligned with the chain team’s forward direction and pivotal for facilitating trading activities and revenue generation for the protocol. Users of other categories are also encouraged to participate in this initiative.

Each category has been chosen strategically to acknowledge and encourage different forms of support and participation within the ZKsync PancakeSwap community, ensuring a well-rounded approach to community engagement and growth.

## **Calculation Process**
To ensure retail users receive a meaningful amount while larger users are proportionally recognized, we have applied  scaling to the following allocations:

- (1) veCAKE Holders,
- (2a) Past Liquidity Providers,
- (2b) Past Active Traders, and
- (2d) Past ZKsync Prediction Users

A power of 0.65 to 0.85 has been applied to the data, ensuring larger users receive a representative amount (e.g. traders who are responsible for ~90% of the volume will get ~63% of the Past Active Traders category).

This ensures retail users receive a meaningful amount of allocation, on average, ~7x more than if scaling was not applied.

## **How to Claim the Airdrop**
Currently, the airdrop distribution is only open for Category 1 and Category 2 users. Categories 3 will be distributed in the future.

For Category 1 and Category 2 users, connect your eligible wallet to the **[PancakeSwap homepage](https://pancakeswap.finance/?chain=zkSync)** to claim your ZK tokens. You will receive a pop-up notification (as shown below) guiding you through the process. Simply click the **"Claim"** button, and your ZK tokens will be deposited directly into your wallet within minutes. Gas fees are on us! Thanks to ZKsync’s unique paymaster feature, we can completely subsidize your gas claim costs.

![2024-07-05 16.33.38.jpg](https://sgp1.digitaloceanspaces.com/strapi.space/ad650abeebc948fbe63bd9b998de8808.jpg)

Please be aware that the claim window will open at **10:30 UTC on July 5, 2024, and close at 10:30 UTC on September 4th, 2024.** Any tokens not claimed during this period will be reallocated to the PancakeSwap ecosystem for future development and community initiatives.

Stay tuned for updates on the airdrop distribution for Categories 3.

## **Extended Claim Period**
We are extending the claim period for one more month to ensure everyone has sufficient time to claim their ZK airdrop. The new claim window will close at 10:30 UTC on September 4th, 2024. This will be the **ONLY** extension for the claim period. All unclaimed ZK tokens will be reallocated to the PancakeSwap ecosystem for future development and community initiatives.

## **Restrictions**
Please note that residents and citizens of certain jurisdictions may be restricted from participating in the ZK airdrop. Before participating, you must ensure compliance with local laws and regulations. Upon receiving the airdrop, you agree to adhere to **[PancakeSwap's terms and conditions](https://pancakeswap.finance/terms-of-service?chain=zkSync)**, which are available for review on our website. 

## **Onwards and Upwards**
At PancakeSwap, we are committed to fostering a thriving community and rewarding our users for their dedication to our platform. The ZK token airdrop exemplifies our appreciation for the support and engagement of our community members. We invite you to participate actively in this opportunity to benefit from the airdrop and continue shaping the future of DeFi with PancakeSwap.

Stack’em 

The Chef’

We are excited to announce that PancakeSwap will airdrop 2,452,128 million ZK tokens directly to our community. 

[EXTENDED] PancakeSwap Airdrops 2.4 Million ZK Tokens to the Community

Our June 2024 report explores 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.

## **CAKE Total Supply Reduction:**
As of  July 3rd, 2024, PancakeSwap has successfully burned -0.101% of the CAKE total supply for June 2024. To calculate this percentage, we divided the total net mint of -388,431 CAKE by the initial total CAKE supply on June 3rd 2024. This marks the tenth consecutive month of CAKE total supply reduction, with a cumulative -3,192,051 CAKE net mint over September, October, November, December 2023, January, February, March, April, May, and June 2024. 

## **Achieving CAKE Total Supply Reduction through Net Minting:**
In June 2024, PancakeSwap achieved a net mint of -388,431. This negative net mint indicates that more CAKE tokens were burned than minted during the month.

## **June Mint Breakdown**
- Farms: 788,024
- CAKE Syrup Pool: 89,937
- Other Product Usage: 119,962
**Total June Mint: 997,924**

_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._

## **June Burn Categories**
- Swaps and Perpetual Trading Fees: 1,024,751
- Prediction: 234,158
- Pancake Protectors: 2,380
- Lottery, NFT Market, Profile & Factory: 125,066
**Total June Burn: 1,386,355**

_Note: To ensure accuracy, we pro-rate weekly CAKE burns over two months. For example, burns occurring at the end of June and stretching into July receive a proportionate allocation between the two months._


## **Proof of Burn for June:**
- June 3: **[Link](https://bscscan.com/tx/0x173e4c5b707f9373af0baca893212f73a472bfb91f327238dc1b017a2d83630f)**
- June 10: **[Link](https://bscscan.com/tx/0x5437861fdf65a0ec685a3f449923f197340e7e3c220ab13ea3100c2b353e5678)**
- June 18: **[Link](https://bscscan.com/tx/0x9283e36b95b014d0b10a8b4206a85d0feddfa499609b4baa3941b3550e07d3fe)**
- June 24: **[Link](https://bscscan.com/tx/0x8e99435ea4e7e131a5c6abebcdff3c506a2b66bd2c4353265bba1eb4d50c7bb3)**
- July 01:  **[Link](https://bscscan.com/tx/0xdd42b54df0d0271df65f6223a3c1fb75ad9e5069d82a0de3f2a5de38c6edd132)**

Our June 2024 report explores the CAKE token supply management world on PancakeSwap. 

June 2024: PancakeSwap's CAKE Burn Report

_Good Afternoon, PancakeSwap Community and CAKE Holders!_

It's been an incredible journey since the inception of our PancakeSwap Ambassador Program,  where we [introduced the Pancake Masters](https://blog.pancakeswap.finance/articles/pancake-swap-launches-ambassadors-program)—devoted PancakeSwap enthusiasts who diligently moderate our communities and translate content into various languages. 

Since then, the program has seen substantial growth:

- Over 30 active ambassadors
- Presence on  key platforms: Telegram, Discord, and Reddit
- 15 Telegram communities catering to diverse languages 
- Translation of over 1900 articles on [our blog ](https://blog.pancakeswap.finance/)

As time progresses, we recognize the importance of empowering our community further! 

### **Introducing the PancakeSwap Content Creators—Pancake Lords: Your Guide to All Thing PancakeSwap**

![Untitled (3).png](https://sgp1.digitaloceanspaces.com/strapi.space/faa9d1d7409b952124be1e158841d1a7.png)

We're excited to introduce Pancake Lords, a dedicated team of enthusiasts passionate about educating, engaging, and empowering our community. 

Here's a glimpse of what they do:

- Content Creation and Education: Craft clear, concise guides on navigating PancakeSwap and produce educational content on DeFi and cryptocurrencies.
- Visual Communication: Create engaging infographics to simplify complex information related to PancakeSwap.
- Community Engagement: Maintain a consistent posting schedule to keep the community informed and engaged with regular updates.
- Promotion and Events: Host events like Ask Me Anything (AMAs) to foster community interaction and engagement.
- User Interaction and Storytelling: Actively engage with the community by sharing success stories and fostering user interaction.

### **Benefits of Being a Pancake Lord:**

- Official Recognition: Receive acknowledgment through our official social channels.
- Golden Kitchen Pass: Enjoy exclusive monthly calls with PancakeSwap's core team, providing early updates and opportunities to share insights. 
- Exclusive Access: Participate in special events and access new products and services early.
- Enhanced Networking: Connect with key players in the DeFi space and stay updated on industry trends. 

And More!

### **Want to Become a Pancake Lord? Here’s How!**

If you're passionate about becoming one of PancakeSwap’s elite content creators, we invite you to apply through our community application form: 

👉 Apply Here: https://pancakeswapforms.fillout.com/t/4v7usjPLP2us 

**Application Process**
- Phase One (July 1st - July 14th): Submit your application during this period.
- Phase Two (July 15th - July 21st): Onboard new ambassadors and provide guidelines.
- Phase Three (July 22nd onwards): Launch the new Pancake Lords into action.


Join Us in Building the Future of PancakeSwap!

Whether you’re creating content, engaging in community discussions, or exploring PancakeSwap’s features, there are many ways to contribute. 

Explore all the opportunities on our new [Community Notion Page ](https://pancakeswap.notion.site/PancakeSwap-Community-Page-3d149c6f6a1e483fa15cf56f0b991020?pvs=74)

We eagerly await welcoming new Pancake Lords to our community!

Stack ‘em! 

The Chefs🥞




Are you the contributor we're looking for? 