PancakeSwap launches new CAKE release governance system Gauges Voting and veCAKE
PancakeSwap announced the launch of a new CAKE release governance system, Gauges Voting and veCAKE. Among them, the Gauges Voting voting system allows veCAKE holders to influence the allocation of CAKE releases when launching mining products on BNB Chain, Ethereum, and Arbitrum. PancakeSwap's DAO governance is currently driven by veCAKE, which is a new voting custody (ve) system independent of vCAKE. The veCAKE token allows voting on governance proposals for PancakeSwap and determines CAKE release allocation through Gauges Voting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
241127: Trump’s Crypto Plan: SEC’s Role Diminishes as CFTC Steps In
Donald Trump's administration is reportedly considering shifting crypto regulation to the Commodity Futures Trading Commission (CFTC), potentially reducing the Securities and Exchange Commission's (SEC) role. The move could grant the CFTC oversight of crypto spot markets and exchanges for digital a
Goldman Sachs warns Trump tariff proposals could fuel inflation
Japanese listed company Remixpoint plans to buy another $3.27 million worth of Bitcoin
Trending news
MoreCrypto prices
More
