PancakeSwap Transitioning to New CAKE Token Economics

PancakeSwap has announced a major shift in its tokenomics structure with the launch of CAKE Token Economics 3.0 on April 23, 2025. This update will see the retirement of veCAKE and Gauges Voting systems. Key highlights include the following: On April 23, 2025, at 08:00 UTC+8, all CAKE and veCAKE stakes will be unlocked for users. Those who have staked CAKE directly through PancakeSwap can convert their veCAKE to CAKE at a 1:1 ratio. A six-month redemption period will run from April 23, 2025, to October 23, 2025, at 08:00 UTC for users to claim their staked CAKE and veCAKE holdings.