Cakepie DAO, the leading veCAKE holder, has expressed significant discontent with PancakeSwap’s Tokenomics 3.0 proposal, as it plans to retire veCAKE and reduce CAKE emissions. This move raises concerns about the integrity of governance and the future of decentralization within PancakeSwap.
Allegations of a governance attack have emerged, suggesting that a significant amount of CAKE tokens were locked before the proposal’s announcement. Cakepie DAO offers alternatives to maintain governance incentives, urging a focus on efficiency without compromising tokenomics.
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