On April 21, PancakeSwap announced that CAKE's Token Economics 3.0 will be implemented at 0:00 on April 23 (UTC), and the veCAKE and Gauges Voting mechanisms will officially cease operations. At 8:00 AM (UTC) on April 23, 2025, all staked CAKE and veCAKE will be unlocked. Users who have directly staked CAKE through the PancakeSwap interface can exchange veCAKE for CAKE at a 1:1 ratio.
Users have a 6-month period to exchange staked CAKE and veCAKE, with the deadline being 8:00 AM (UTC) on October 23, 2025. This content is for market information purposes only and is not investment advice. This change represents a significant adjustment in PancakeSwap's operating mechanism, affecting the staking strategy of the cryptocurrency community.
