Cakepie (CKP) is a SubDAO by Magpie, leveraging veCAKE to boost rewards and governance power. More
| Fully Diluted Valuation | $4.75M |
|---|---|
| 24H Trading Volume | $24,236 |
| 24H Low / High | $0.46 / $ 0.48 |
| Circulating Supply | 3.94M |
| Total Supply | 10.00M |
| Max Supply | 10.00M |
| Categories | BNB Chain Ecosystem 1 more |
|---|---|
| Founder | Anonymous |
| Website | pancake.magpiexyz.io |
| Socials | 1 more |
| Chains | Binance-smart-chain Ecosystem |
| Explorer | Binplorer 2 more |
| Contracts |
0x2b5....da649
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| Name | Pair | OG Score |
|---|
Cakepie (CKP), developed by Magpie, aims to strengthen PancakeSwap's longevity in the DeFi world. Let's delve into how it works and why it matters.
Enhancing Sustainability:
Cakepie uses veCAKE to lock CAKE tokens, reducing their circulation. This move helps stabilize PancakeSwap and gives users more say in its future.
Boosting Rewards and Governance:
By locking CAKE tokens, Cakepie boosts rewards for those who stake CAKE and provide liquidity. It also gives users more voting power, ensuring PancakeSwap reflects the community's interests.
Creating Opportunities for Users:
Cakepie offers better rewards and governance opportunities for DeFi enthusiasts. It's a win-win: users benefit while contributing to PancakeSwap's growth.
Reducing Circulating Supply:
Locking CAKE tokens reduces their availability, potentially increasing their value. This scarcity benefits both PancakeSwap and its users.
Conclusion:
Cakepie (CKP) plays a vital role in PancakeSwap's journey towards sustainability. With its focus on rewards, governance, and token value, Cakepie is a key player in shaping the future of DeFi.
Cakepie stands out for its innovative use of veCAKE to lock CAKE tokens, enhancing rewards and governance power on PancakeSwap while reducing the circulating supply, ensuring long-term sustainability and value appreciation.
Cakepie is created by Magpie, a team dedicated to driving innovation and sustainability in the DeFi space.
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