PancakeSwap Implements CAKE Tokenomics 3.0: Key Shifts Ahead of April 23

PancakeSwap is rolling out its long-anticipated Tokenomics 3.0 on April 23, marking a fundamental shift in CAKE utility and supply dynamics.

🔹 veCAKE, Gauges Voting, farm boosting, and revenue sharing will be discontinued.
🔹 All CAKE and veCAKE will be unlocked, with a 1:1 redemption option available until Oct 23.
🔹 Daily CAKE emissions will be cut from ~29K to 14.5K over two phases.
🔹 5.29M delegated CAKE will be permanently locked—boosting deflationary pressure.
🔹 Users must claim Epoch 38 rewards before May 7.

This revamp signals PancakeSwap’s move toward sustainable tokenomics, with a focus on long-term value and reduced inflation.

📊 Watch closely: Reduced emissions and enhanced burn mechanics may shift market dynamics for CAKE in Q2.