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Pancakeswap Introduces vCAKE

Twitter icon  •  Published 4 years ago on July 28, 2022  •  Hassan Maishera

The Pancakeswap team announced the launch of its vCAKE in a blog post published on Wednesday.

Pancakeswap Introduces vCAKE

The Pancakeswap team announced the launch of its vCAKE in a blog post published on Wednesday. vCAKE is the weighted voting power based on the amount of locked CAKE a user has. The team explained that vCAKE is a number representing the boosted voting power based on a user’s fixed-term CAKE staking position.

Furthermore, the vCAKE number will be added to a user’s total voting power. Similar to iCAKE, vCAKE is not a new token, and it is not transferrable or tradeable.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by 5% today and is currently trading at $3.428

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Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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