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.