🥞📝 Pancake Master Juapia made an interesting and easy guide about PancakeSwap’s veCAKE! 🐰🧠

https://preview.redd.it/n6kcqzs0e5dc1.jpg?width=1436&format=pjpg&auto=webp&s=f623b950cac8b7d73f7a4ee9e23f8eb58f881458

✅️ Introduction about CAKE and its Tokenomics:

  • CAKE is PancakeSwap's governance token used for staking, boosting farm yields, and participating in Initial Farm Offerings (IFO).
  • CAKE has been deflationary since September 2023, with a current total supply of approximately 386M, actively reduced through burning.

✅️ Breaking down veCAKE:

  • veCAKE is the locked staked CAKE weighted by lock time, quantifying rewards based on both staked amount and lock duration.
  • It introduces a new feature, allowing veCAKE holders to vote on CAKE emissions allocation, influencing the rewards for different farms/pools.

✅️ Understanding the CAKE Yield Aggregator Protocols:

  • Meta-governance projects like Cakepie, Stake Dao, and Breakfast accumulate and lock CAKE, optimizing yield and rewards.
  • These projects enhance liquidity, distribute vote incentives, and contribute to CAKE being locked permanently, benefiting the PancakeSwap ecosystem.

Conclusion:

  • CAKE holders benefit from increased demand and liquidity through these protocols.
  • Each protocol offers unique features, distribution methods, and governance token roles, requiring users to perform due diligence and choose based on their preferences and risk tolerance.

For the comprehensive guide,Visit: https://medium.com/@juapia/the-ultimate-guide-to-pancakeswaps-vecake-79ec16c864a0

Portuguese version: https://medium.com/@juapia/la-gu%C3%ADa-definitiva-para-vecake-de-pancakeswap-82f80c7f0174

Italian version: https://medium.com/@crypto.uan/la-guida-definitiva-a-vecake-di-pancakeswap-cf5451a4c0d0

If you have any comments, corrections or questions, you can reach Juapia on the official PancakeSwap Telegram channels. Just enter one of them and tag him. Please do not contact me privately before then. Or tag him on Twitter: https://twitter.com/juapia

Português: https://t.me/PancakeSwapPortuguese

English: https://t.me/PancakeSwap

Spanish: https://t.me/PancakeSwapES

To stay up to date, delve deeper… Be sure to check out the docs and articles on the official PancakeSwap blog

https://docs.pancakeswap.finance/

https://blog.pancakeswap.finance

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1 thought on “🥞📝 Pancake Master Juapia made an interesting and easy guide about PancakeSwap’s veCAKE! 🐰🧠”

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