Cakepie DAO bombards PancakeSwap Token Economy 3.0 proposal, warning of the consequences of removing veCAKE

PANews April 9th ​​news, according to Cryptonews, tensions are escalating in the PancakeSwap ecosystem. As the largest veCAKE holder and a contributor to PancakeSwap's long-term growth, Cakepie DAO strongly objected to DEX's newly announced token economics proposal 3.0 . The proposal, including removal of veCAKE, staking, voting measurement, and revenue sharing programs, has raised many questions, especially in protocols that build an entire ecosystem around these mechanisms.

Cakepie DAO posted a fiercely remarkable post on the X platform, expressing deep dissatisfaction with the proposal's removal plan. veCAKE is a governance mechanism designed to reward long-term commitments and coordinate incentives for individual ecosystems. What made Cakepie particularly dissatisfied was the way the proposal was announced. Although Cakepie locked millions of CAKE tokens out of sincerity for four years and continued to contribute to liquidity growth, it claims to have learned about the changes with the public without knowing it. Cakepie has locked in 13 million CAKEs, which it stressed that this sudden change not only undermined its own efforts, but also undermined the trust of the broader community of BNB chain builders.

By removing veCAKE, PancakeSwap will shift influence from long-term supporters to giant whales and short-term holders, critics say. What adds fuel to the fire is that Cakepie raises serious concerns about the governance process before the proposal is issued. The DAO claims that shortly before the announcement of Token Economics Proposal Form 3.0, multiple wallets locked in about 25 million CAKE tokens, possibly planning a governance attack. If true, this will allow participants to vote for the proposal and unlock their tokens immediately after the change is passed, undermining the spirit of fair participation. The DAO warns that if the governance process is damaged, it will destroy trust and must not be ignored. For this case with PancakeSwap, Cakepie proposes a series of constructive alternatives rather than abolishing veCAKE completely. These include direct rewards to create real value pools, allowing voting veCAKE holders to receive some transaction fees, and allowing users to exit veCAKE locks early at the cost of paying fines, thereby increasing flexibility while maintaining commitment incentives. Cakepie said these options will solve efficiency issues while maintaining the integrity of long-term token economics and governance.