April was a month of vibrant progress at Cakepie, mirroring the fresh bloom of spring. Our platform continued to deepen its roots in the PancakeSwap ecosystem, enhancing its capacity to deliver exceptional value.
Last month, we successfully accumulated an extra 400,000 CAKE through CAKE RUSH #3, enhancing our influence and ability to further boost returns for PancakeSwap users. Our dedication to increasing the value of vlCKP attracted new partners to the Cakepie Voting Market and led to the distribution of over $655,000 in voting incentives across two epochs. This rewarded vlCKP voters for their active involvement and ongoing support.
A significant stride in governance was made with the approval of CIP #3. This decision marks a pivotal step in refining Cakepie’s impact by optimizing the allocation of CAKE emissions to high-impact liquidity pools. This enhances both utility and volume without increasing Cake emissions.
We also hosted two enriching AMA sessions — one with DeChat and another with Defi Edge. These discussions opened new dialogues on potential collaborations and shared visions for the future of Cakepie, bringing valuable insights and opportunities closer to our community.
Let’s review some highlights from April:
- Cakepie X DeChat AMA
- +400,000 CAKE accumulated in CAKE RUSH 3
- Distributed $352,000 voting incentive in Epoch 1 of April
- CIP #3 Approved
- Cakepie X Defi Edge AMA
- Distributed $303,000 voting incentive in Epoch 2 of April
As we transition into May, the energy at Cakepie continues to grow. Our commitment to driving innovation, fostering community engagement, and optimizing returns for CAKE holders and the PancakeSwap ecosystem continues to be our focus. The road ahead is brimming with opportunities, and together, we are poised to explore every possibility in the vast landscape of decentralized finance. Stay tuned for more exciting developments and sweet innovations from the Cakepie kitchen.
About Cakepie: Cakepie is a state-of-the-art SubDAO created by Magpie to bolster the long-term sustainability of PancakeSwap. As a yield and veTokenomics service provider, Cakepie’s core mechanism involves locking CAKE tokens as veCAKE. This process allows Cakepie to secure enhanced yields and amplified governance power within PancakeSwap, serving up prime opportunities for DeFi users.
