BlockBeats news, on April 21, according to official PancakeSwap news, CAKE Tokenomics 3.0 is set to be implemented at 8:00 AM Beijing time on April 23. veCAKE and Gauges Voting will officially exit the market. All CAKE and veCAKE staking will be unlocked, and users who have directly staked CAKE through the PancakeSwap interface will be able to exchange veCAKE for CAKE at a 1:1 ratio. Users who have directly staked CAKE through the PancakeSwap interface will have 6 months to redeem their staked CAKE and veCAKE.
BlockBeats previously reported that the main proposals of CAKE Tokenomics 3.0 include: achieving approximately 4% annual deflation for CAKE tokens; abolishing CAKE staking, veCAKE, Gauges voting, and revenue sharing to realize true ownership of CAKE; reducing CAKE emissions, with daily emissions decreasing from about 40,000 CAKE to 22,500 CAKE.
