Coinspeaker
From Farming to Bribing: PancakeSwap Proposes New veCAKE Strategy to Bolster Liquidity, Governance
PancakeSwap (CAKE) announced its latest proposal to redirect a portion of CAKE emissions to “bootstrap the veCAKE ecosystem”.
This redirection to Bribes aims to increase liquidity flow into the ecosystem and improve CAKE incentive efficiency. The proposal reads:
“[…] The Kitchen is proposing to redirect a portion of current CAKE emissions to participate in the veCAKE locker ecosystem (i.e., provide CAKE as bribes for strategic pools).”
The Proposal
The Kitchen’s proposal suggests that 500 CAKE be reallocated from the ~29,184 CAKE emitted to farming pools daily to locker protocol bribes.
If this initiative to bolster the veCAKE ecosystem proves successful, the proposal indicates a larger reallocation amount may be requested. The success would be measured “based on pool volumes, TVL, and capital efficiency”.
⚡️ The Kitchen is proposing to redirec
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