CakeDAO CAKE

CakeDAO price today is $1.09 with a 24-hour trading volume of $. CAKE price is down $% in the last 24 hours. It has a circulating supply of 0 CAKE coins and a total supply of 13,000.

"CakeDao is a decentralized reserve currency protocol available on the Avalanche Network based on the CAKE token. Each CAKE token is backed by a basket of assets (e.g., MIM, LP Tokens etc ) in the CakeDao treasury, giving it an intrinsic value that it cannot fall below. CakeDao also introduces economic and game-theoretic dynamics into the market through staking and minting. Our goal is to build a policy-controlled currency system, native on the AVAX network, in which the behavior of the CAKE token! In the long term, we believe this system can be used to optimize for stability and consistency so that CAKE can function as a global unit-of-account and medium-of-exchange currency. In the short term, we intend to optimize the system for growth and wealth creation. "