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.