PancakeSwap, a leading decentralized multi-chain crypto exchange, is set to revolutionize its governance model through the introduction of voting CAKE (veCAKE).
This proposal, with over 98% support from the community, aims to increase governance influence, amplify pool liquidity, and reward CAKE stakers.
Revolutionizing the PancakeSwap DEX crypto governance model through the introduction of veCAKE
The introduction of veCAKE establishes a new governance paradigm within the PancakeSwap ecosystem. VeCAKE holders, endowed with increased voting power, gain the authority to direct the issuances of CAKE farms.
They also have the ability to delegate their voting rights to external protocols, thereby unlocking additional rewards.
This governance model, inspired by Curve Finance and embraced by many decentralized exchanges (DEXs), requires users to lock in their tokens for a predetermined period.
In return, they receive “ve” tokens, which give them substantial voting rights and often
We współpracy z: https://en.cryptonomist.ch/2023/11/22/pancakeswap-crypto-dex-proposes-launch-vecake/
