PancakeSwap (CAKE) is a cryptocurrency and operates on the Ethereum platform. PancakeSwap has a current supply of 372,837,045.4594583 with 289,974,557.51661426 in circulation. The last known price of PancakeSwap is 1.82828417 USD and is down -2.56 over the last 24 hours. It is currently trading on 1667 active market(s) with $55,345,752.50 traded over the last 24 hours. More information can be found at https://pancakeswap.finance/.
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PancakeSwap's new Tokenomics v3 proposal promises “true ownership, simplified governance and sustainable growth.” Central to this shift is the deprecation of veCAKE replaced with direct emissions management and a max one-year lock, aimed at boosting capital efficiency and simplifying participation.
TL;DR Cakepie DAO rejected PancakeSwap's Tokenomics 3.0 proposal, which aims to eliminate veCAKE, staking, and revenue sharing. PancakeSwap plans to reduce daily emissions and shift the model toward deflation. Cakepie warns of a loss of decentralization.
Cakepie DAO strongly opposes PancakeSwap's Tokenomics Proposal 3.0, citing concerns over the retirement of veCAKE and potential governance manipulation, which could undermine long-term commitments and decentralization. The post Cakepie DAO Slams PancakeSwap's Tokenomics 3.0 Proposal, Warns of veCAKE Fallout appeared first on Cryptonews.