BlockBeats News, April 21st, according to an official announcement from PancakeSwap, the CAKE Tokenomics 3.0 is scheduled to be implemented starting at 8:00 AM on April 23rd, Beijing time. veCAKE and Gauges Voting will officially exit the market. All CAKE and veCAKE staking will be unlocked, and users who have staked CAKE directly through the PancakeSwap interface will be able to exchange veCAKE for CAKE at a 1:1 ratio. Users who have staked CAKE directly through the PancakeSwap interface will have 6 months to redeem their staked CAKE and veCAKE.
BlockBeats previously reported that the main proposals of the CAKE Tokenomics 3.0 include: achieving approximately 4% annual deflation of the CAKE token; abolishing CAKE staking, veCAKE, Gauges voting, and revenue sharing to realize true ownership of CAKE; reducing CAKE emissions, with daily emissions decreasing from approximately 40,000 CAKE to 22,500 CAKE.
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