Proposal to Retain Stablecoin Fees From Stablecoin Pools

Background

Under PancakeSwap’s current revenue flow, protocol fees generated from trading activities across the platform are partially accrued to the Treasury as protocol revenue. Today, all Treasury-bound fees, regardless of their source, are first converted into CAKE. When the protocol needs to cover operating expenses such as Chefs’ salaries or external service provider fees (typically denominated in USD), the Treasury must then sell CAKE back into stablecoins to meet these obligations. This workflow introduces two key inefficiencies:

• CAKE price volatility exposes the Treasury to unnecessary market risk when converting assets to meet predictable USD-denominated expenses.
• Lack of stablecoin reserves limits the