Abstract
This proposal seeks Cakepie community consensus on whether to support PancakeSwap’s proposed transition to Tokenomics 3.0 — a comprehensive shift that includes the retirement of veCAKE and gauges voting, immediate unlocking of all staked CAKE, removal of revenue sharing, and a reduction in CAKE emissions. These changes would fundamentally update PancakeSwap’s governance and incentive structure, with direct implications for protocols like Cakepie that have historically built infrastructure around veCAKE. The community is invited to evaluate the long-term impact of this shift on Cakepie’s role, governance participation, and utility within the evolving PancakeSwap ecosystem.
For full context, refer to the original PCS proposal.
Motivation
PancakeSwap’s Tokenomics 3.0 initiative marks a significant change in how CAKE is governed, emitted, and utilized. By sunsetting veCAKE, gauge voting, and associated staking rewards, the proposal simplifies token utility and pivots toward deflationary design principles. For protocols integrated with the veCAKE system, including Cakepie, the shift removes the primary governance and incentive mechanisms that have shaped current product models and strategies.
Under the new model, emissions would no longer be directed by community gauge voting but managed directly by the PancakeSwap team based on real-time liquidity data. Additional proposed features include simplified access to governance voting and participation in IFOs and TGEs, without requiring long-term CAKE commitments.
These changes will impact Cakepie’s current strategy and utility model, particularly given its integration with the veCAKE system.
Specification
Vote on whether Cakepie should support PancakeSwap’s proposal to retire veCAKE and implement Tokenomics 3.0.
Reference
Public commitment by PancakeSwap regarding compensation: Tweet by Headchef_PCS
Read PCS proposal: CAKE Tokenomics 3.0 Proposal