🚨 PancakeSwap Says Goodbye to veCAKE 🚨
PancakeSwap just proposed removing veCAKE, a core part of its system. While the platform has been making $20–40 million/month, the team says they want a simpler, more sustainable ecosystem.
1. Why Remove veCAKE?
- Too Complex: Users found it confusing, and the benefits didn’t match the effort and risk.
- Inefficient Rewards: A lot of CAKE went into bribed pools but didn’t contribute much to the burn.
- Rigid Tokenomics: The system couldn’t adjust well to market changes.
2. Tokenomics 3.0: The Overhaul
- Emission Reduction: Cutting daily CAKE emissions from 40,000 to 22,500.
- No More Staking: All staked CAKE will be unlocked.
- Simplified Rewards: The team will now directly control rewards, focusing on high-volume pools.
3. Community Backlash
- Cakepie DAO and other long-term holders are upset, as their models rely on veCAKE.
- Vote Manipulation Concerns: Some new wallets locked 50% of CAKE right before the proposal was announced.
-> The Outcome
Despite the pushback, 99% of the community voted in favor, and PancakeSwap is moving forward with the change.
What do you think about the changes? Let us know in the comments! 👇
