PancakeSwap (CAKE) is a cryptocurrency and operates on the Ethereum platform. PancakeSwap has a current supply of 367,516,474.1453388 with 321,040,111.2386446 in circulation. The last known price of PancakeSwap is 2.21707646 USD and is up 2.73 over the last 24 hours. It is currently trading on 1693 active market(s) with $29,245,336.67 traded over the last 24 hours. More information can be found at https://pancakeswap.finance/.
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TL;DR PancakeSwap will launch Tokenomics 3.0 on April 23 and will remove veCAKE; users will be able to recover their locked tokens until October. Shared rewards and farm boosting will be discontinued; 15% of fees will now go to the CAKE burn mechanism.
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.