Multiple Addresses Pre-Lock Nearly Half of CAKE Voting Power, Aiming to Dominate New Governance Proposal

BlockBeats News, April 10th, According to Protos, before the upcoming major governance reform proposal on PancakeSwap, 8 associated addresses quickly bought and locked 25 million CAKE tokens, approximately half of the unlocked total supply, with the intention to dominate the upcoming governance vote.

The "CAKE Tokenomics 3.0" proposal aims to abolish the veCAKE mechanism and the vote weighting system, introduce a more streamlined emission model, and set a 4% annual deflation rate. This has sparked widespread community controversy, including public opposition from the Curve founder and several DeFi projects, expressing concerns about governance manipulation and long-term trust damage.