Back to News

Pancakeswap Proposes to Launch veCAKE on opBNB

Twitter icon  •  Published 4週間前  •  Hassan Maishera

The Pancakeswap team informed its community members via X on Thursday that it has submitted a proposal that seeks to launch veCAKE on opBNB.

The Pancakeswap team informed its community members via X on Thursday that it has submitted a proposal that seeks to launch veCAKE on opBNB. The team added that the proposal is part of their broader veCAKE multi-chain expansion.

veCAKE holders within the Pancakeswap ecosystem can directly impact how CAKE emissions are distributed within each pool. They also help in rewarding specific liquidity pools and projects. 

If this proposal closes with the community in favor of these recommendations, the proposed changes will be enacted and veCAKE will be launched shortly on opBNB, Pancakeswap concluded. 

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 1% today and is currently trading at $3.898.

Next article Bitcoin Touches $60k as Market Reverses Recent Losses

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.