Tag: veCAKE

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PancakeSwap To Burn 300 Million CAKE, Why Is This Whale Moving Coins?

December 28, 2023

Amidst PancakeSwap’s proposal to burn 300 million CAKE and reduce the total supply from 750 million to 450 million CAKE, on-chain data indicates that a whale has been moving a significant amount of CAKE, the decentralized exchange’s governance token. Whale Is Moving Tokens As Key PancakeSwap Voting Event Proceeds According to a report from Scopescan, a…
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PancakeSwap Introduces New Voting System ‘Gauges’ for Governance Token Holders

November 23, 2023

Adobe Stock / JorgeEduardo Decentralized crypto exchange Pancakeswap has launched a new voting system called “Gauges” and “veCAKE,” a new vote-escrowed system that allows users to vote on governance proposals and determine CAKE emissions allocations. According to a Nov. 22 blog post, PancakeSwap, the third-largest decentralized exchange by total value locked (TVL), has unveiled two…
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