PancakeSwap has officially begun the rollout of its updated CAKE Tokenomics 3.0. As part of this implementation, several components are being retired, including CAKE Staking, veCAKE, Gauges Voting, Revenue Sharing, and Farm Boosting.
Additionally, the protocol is initiating a reduction in CAKE emissions. Voting results from Epoch 37 will be applied in the final Epoch 38, marking the transition to the new model. This upgrade aims to enhance the sustainability of the CAKE token and better align the protocol’s economics with current market dynamics.
CAKE Info
PancakeSwap is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). It uses an automated market maker (AMM) model, which allows users to trade directly with a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return. Users can also earn rewards by providing liquidity or staking LP tokens. The native utility token of PancakeSwap is CAKE, which can be used for staking to earn rewards, participating in lotteries, and voting in governance decisions.
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