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Pancakeswap Proposes to Launch veCAKE on Linea

Twitter icon  •  Published il y a 3 mois  •  Hassan Maishera

The Pancakeswap team told its community via X (formerly Twitter) on Wednesday that they have submitted a proposal to launch veCAKE (Vote-Escrowed CAKE) on the Linea blockchain.

The Pancakeswap team told its community via X (formerly Twitter) on Wednesday that they have submitted a proposal to launch veCAKE (Vote-Escrowed CAKE) on the Linea blockchain. 

veCAKE is designed to empower CAKE holders with increased governance influence, boost liquidity across our pools, and supercharge rewards for CAKE stakers.

The team said they propose to launch veCAKE on Linea, as part of their broader veCAKE multi-chain expansion. So far, 94.36% of all votes cast are in support of launching veCAKE on Linea, with only 5.64% against. 

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by 3% today and is currently trading at $2.862.

Author

Hassan Maishera

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.