PancakeSwap Announces Major Changes: CAKE Tokenomics 3.0 Launching April 23rd with Staking and Voting Overhaul

On April 21st, COINOTAG announced that PancakeSwap is set to launch its **CAKE Tokenomics 3.0** on April 23rd at 8:00 AM Beijing time. This update will mark significant changes, including the phased removal of **veCAKE** and **Gauges Voting**. In a notable move, all staked **CAKE** and **veCAKE** will be unlocked, allowing users to convert their veCAKE to CAKE at a 1:1 ratio. Those who have staked CAKE through PancakeSwap have a six-month period to redeem their investments in CAKE and veCAKE. The revised **Tokenomics** aims to introduce an estimated annual deflation rate of about **4%** for the CAKE token, alongside the termination of CAKE staking and revenue-sharing features. This transition is anticipated to ensure genuine ownership of CAKE while concurrently reducing daily emissions from approximately **40,000** to **22,500** CAKE, aligning the platform with long-term sustainability goals.