As part of this implementation, several components are being retired, including CAKE Staking, veCAKE
PancakeSwap, the leading decentralized exchange (DEX) on Binance Smart Chain (BSC), has begun rolling out its updated CAKE Tokenomics 3.0. As part of this implementation, several components are being retired.
This includes 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.
This upgrade aims to enhance the sustainability of the CAKE token and better align the protocol’s economics with current market dynamics.
CAKE Tokenomics 3.0
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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