PancakeSwap launches new CAKE release governance system Gauges Voting and veCAKE
PancakeSwap announced the launch of a new CAKE release governance system, Gauges Voting and veCAKE. Among them, the Gauges Voting voting system allows veCAKE holders to influence the allocation of CAKE releases when launching mining products on BNB Chain, Ethereum, and Arbitrum. PancakeSwap's DAO governance is currently driven by veCAKE, which is a new voting custody (ve) system independent of vCAKE. The veCAKE token allows voting on governance proposals for PancakeSwap and determines CAKE release allocation through Gauges Voting.
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