On April 10, according to Protos, before the release of a major governance reform proposal for PancakeSwap, 8 affiliated addresses quickly bought and locked 25 million CAKE, accounting for about half of the total unlocked position, with the intention of dominating the upcoming governance vote.
The "CAKE Tokenomics 3.0" proposal proposes to eliminate the veCAKE mechanism and voting trade-off system, introduce a more simplified emissions model, and set an annual deflation rate of 4%. The move has sparked widespread controversy in the community, including public opposition from Curve founders and several DeFi projects, fearing governance manipulation and damage to long-term trust.
Multiple addresses lock in nearly half of the voting rights of CAKE in advance, intending to lead the new governance proposal
2025-04-10 00:18:41
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