{"id":157192,"date":"2023-11-21T16:28:26","date_gmt":"2023-11-21T16:28:26","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=157192"},"modified":"2023-11-21T16:28:28","modified_gmt":"2023-11-21T16:28:28","slug":"the-pancakeswap-community-votes-for-vecake","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/the-pancakeswap-community-votes-for-vecake\/","title":{"rendered":"The PancakeSwap Community Votes for “veCAKE”"},"content":{"rendered":"
The PancakeSwap<\/a> team has proposed the introduction of Vote-Escrowed CAKE (veCAKE)<\/strong> to enhance governance influence, increase liquidity in pools, and reward CAKE holders. The proposal<\/a> has garnered over 98% approval.<\/p>\n The initiative aims to boost rewards and empower CAKE holders. VeCAKE holders would have the ability to direct CAKE emissions<\/strong> in farms and could delegate voting rights to external protocols for additional rewards.<\/p>\n This proposal is part of PancakeSwap’s Q4 roadmap, and the “voting gauges” will allow veCAKE holders to vote on the distribution of CAKE farm emissions. This means that holders, stakers, and protocols can accumulate veCAKE to influence reward distributions in different liquidity pools on the decentralized exchange.<\/strong><\/p>\n <\/p>\nWhat are the Proposed “ve” Tokens by PancakeSwap?<\/h2>\n