One cannot but observe with a certain amusement that PancakeSwap hath at length commenced the execution of their much-anticipated Tokenomics 3.0 scheme for the CAKE token—a matter that, I assure you, has caused no small stir in the parlours of cryptocurrency enthusiasts. 🍰
On the twenty-first of April, in the year of our Lord two thousand and twenty-five, the PancakeSwap assembly did proclaim, through a blog of some consequence, that the most pivotal alterations shall come into effect on the twenty-third day of the same month. It is to be noted, with a touch of scandal, that all staking and governance in veCAKE is to be rendered obsolete; and thus users are afforded but six months to exchange their cherished tokens on a one to one basis, once all locked positions are mercifully freed.
🥞The official implementation of CAKE Tokenomics 3.0 hath now commenced. Attend to these particulars regarding key changes and dates:
Key Milestones:
🔹The retirement of CAKE Staking, veCAKE, Gauges Voting, Revenue Sharing, and Farm Boosting
🔹Voting results from Epoch 37 will…— PancakeSwap (@PancakeSwap) April 21, 2025
With this Tokenomics 3.0, PancakeSwap doth adopt a most curious buy-and-burn model, the better to share revenues, whilst decreeing a hard limit of four hundred and fifty million CAKE tokens. Yield farms, so fruitful in former days, shall emit no more tokens; a clever stratagem intended to quell all those dreaded inflationary spectres, encourage growth that is both sustainable and steadfast, and reward those loyal devotees who abide through these trials.
The transition, like any grand affair, is to occur in two movements: first, daily emissions shall descend from twenty-nine thousand CAKE to twenty thousand, and subsequently to a modest fourteen thousand five hundred. One might fancy five million and three hundred thousand CAKE to be consumed by Fire itself, annually, as a result of these reductions—how poetic! 🔥
Yet, not all hearts are lightened by these revisions. The Cakepie DAO, a faction most devoted to the veCAKE custom and among the largest holders of the token, hath issued vehement protests. They allege irregularities in the sacred vote that approved such reforms, and bemoan the abolition of features which bespoke decentralized governance—indeed, a grievous blow to those who held such ideals dear.
Governance, Decentralization & the veCAKE Paradigm
To the PancakeSwap team — particularly to those architects of Tokenomics 3.0:
This is no mere reaction but a gentle reminder.
DeFi is no final destination — it is an ongoing discipline.And governance is not a burden — it is the…
— Cakepie🥞🧑🍳 (@Cakepiexyz_io) April 12, 2025
Pray, Cakepie DAO hath proposed a modest amendment rather than annihilation: to bestow rewards upon those pools that perform well, whilst chastising those who abscond prematurely. In a gesture of seeming goodwill (or perhaps strategic cunning), PancakeSwap has offered compensation to the tune of one and a half million dollars worth of CAKE to the good folk of Cakepie, but only if a fair exchange at parity may be agreed for holders of mCAKE.
Despite such disputations, the market for CAKE hath shown signs of convalescence. The token currently trades at two dollars and one cent, ascending modestly by 0.7% in a single day, while daily volume swings upward by a hearty 36% to seventy-eight million and six hundred thousand dollars. The 24-hour DEX volume for PancakeSwap hath even surpassed that of the once mighty Uniswap, ascending to a formidable one billion and three million dollars against Uniswap’s meagre eight hundred ninety-six million—a fact certain to ruffle more than a pancake or two. Weekly volume, to be sure, is also on the rise, though Uniswap’s fortunes take quite the contrary path.
As for the finer points of technical observation, CAKE is recovering from a glum nadir of one dollar and sixty cents, now approaching the middle ground of the Bollinger Bands. The relative strength index—an enigmatic number which all traders hold in reverence—has ascended to a buoyant 53.95, crossing the threshold beyond neutrality and perhaps signalling a return of the bulls to the fray. Should the price break cleanly above two dollars and five cents, one might anticipate a noble charge toward resistance at two dollars and fifty cents. Pray, stay tuned for the next instalment of this deliciously tangled tale. 🥞📈
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2025-04-21 13:03