On May 29, decentralized exchange (DEX) PancakeSwap announced<\/a> that it had launched a new tower-defense GameFi game in conjunction with BNB GameFi protocol Mobox. Dubbed \u201cPancake Protectors,\u201d the game allows players to utilize the DEX\u2019s native CAKE (CAKE<\/a>) tokens to earn in-game rewards.<\/p>\n Utilities for CAKE tokens within Pancake Protectors include accelerating the level-up process, purchasing in-game currency, claiming CAKE heroes, staking CAKE to earn resources, and unlocking game levels. There will also be an in-game marketplace for trading CAKE heroes, which can be further enhanced by participating in lotteries yielding nonfungible token (NFT) upgrade rewards. Developers explained the game as follows:<\/p>\n \u201cAdapted from MOBOX\u2019s MOland Defense Game, players assume the role of a commander to assemble hero characters across various levels and engage in a tower defense game. CAKE hero characters are the most coveted characters in-game and can be purchased with CAKE tokens.\u201d<\/p><\/blockquote>\n In addition, players integrate their NFT with the in-game heroes and display it on their PancakeSwap profile.\u00a0<\/p>\n Launched in 2020, PancakeSwap has become one of the most popular DEXs, with $462 billion in cumulative trading volume and over $2.5 billion in total value locked.<\/p>\n In April, the DEX passed the Pancakeswap v2.5 tokenomics proposal<\/a> to lower its CAKE token inflation rate from over 20% to a target range of 3%\u20135%. The price of CAKE tokens subsequently plunged 36% in the past month to $1.73 at the time of publication due to the lower value of nominal CAKE staking rewards. Before the proposal, PancakeSwap operated a high-token-emission model to incentivize user adoption.<\/p>\n Magazine:\u00a0Huobi employees revolt, GameFi lives, Antminer on steroids<\/a><\/em><\/strong><\/p>\n<\/div>\n![\"\"](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-05\/892623cd-2da2-4f33-819f-46ea2a832f2e.jpg\" "\\"\\"")