
Charophytes
@charophytes
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Cakepie DAO Slams PancakeSwap’s Tokenomics 3.0 Proposal, Warns of veCAKE Fallout
Via- https://cryptonews.com/news/cakepie-dao-slams-pancakeswaps-tokenomics-3-0-proposal-warns-of-vecake-fallout/
Tensions are rising in the PancakeSwap ecosystem after Cakepie DAO, the largest veCAKE holder and longtime contributor to PancakeSwap’s growth, voiced strong opposition to the DEX’s newly unveiled Tokenomics Proposal 3.0.
The proposal, which includes plans to retire veCAKE, staking, gauges voting, and revenue sharing, has raised questions, particularly among protocols that have built entire ecosystems around these mechanics.
In a fiery post on X, Cakepie DAO expressed deep frustration over the proposed retirement of veCAKE, a governance mechanism introduced to reward long-term commitment and align incentives across the ecosystem. 0 reply
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