BlockBeats news, on April 10th, according to Protos, prior to the release of a major governance reform proposal in PancakeSwap, 8 affiliated addresses quickly bought and locked in 25 million CAKEs, accounting for about half of the total unlocked positions, intending to dominate the upcoming governance vote.
The "CAKE Tokenomics 3.0" proposal aims to eliminate the veCAKE mechanism and voting balance system, introduce a more simplified emission model, and set an annual reduction rate of 4%. This move has sparked widespread controversy in the community, including public opposition from the founder of Curve and multiple DeFi projects, who are concerned about governance manipulation and long-term trust damage.