As we close the book on another exciting month at Cakepie, it’s clear that March was anything but ordinary. From accumulating a monumental amount of CAKE tokens to fostering strategic collaborations and launching key initiatives, Cakepie’s journey through the past month was marked by significant achievements and contributions to the PancakeSwap ecosystem.
We started the month by surpassing 9 million veCAKE accumulated, solidifying our commitment to enhancing the PancakeSwap ecosystem and optimizing returns for its participants.
The highly anticipated CAKE RUSH #2 was a resounding success, selling out and showcasing the community’s enthusiasm for participating in our innovative initiatives. Additionally, March witnessed the integration of Cakepie with Chainlink CCIP, a pivotal move that bolsters Cakepie’s cross-chain capabilities and security, laying the groundwork for a more interconnected and robust DeFi landscape.
Our engaging AMA sessions with Venus Protocol, pStake Finance and PancakeSwap opened up dialogues on collaboration, innovation, and the future of finance, strengthening our ties within the ecosystem.
Over $616k in bribes were distributed during the two epochs of March via the Cakepie bribery market, thus demonstrating our unwavering commitment to rewarding our community’s support and participation.
The launch and subsequent approval of CIP #2 by vlCKP voters highlight the advancement in Cakepie’s governance, underscoring our platform’s development and the vital role our community plays in shaping its future. This proposal authorizes the conversion of CAKE earnings from the mCAKE Staking Pool and mCAKE SV into mCAKE.
Let’s review some highlights from March:
- Surpassed 9 million veCAKE
- CAKE RUSH #2 sold out
- Chainlink CCIP integration
- Cakepie X Venus Protocol AMA
- Distributed $300K in bribes during Epoch 1 of March
- CIP #2 live
- CIP #2 approved by vlCKP voters
- Cakepie X pStake Finance AMA
- Distributed $316K in bribes during Epoch 2 of March
As we step into April, we’re filled with anticipation for what the future holds. With a solid foundation laid in March, Cakepie is poised to continue its mission of enhancing the PancakeSwap ecosystem, optimizing returns for CAKE holders, and exploring new frontiers in decentralized finance. Our journey is far from over, and the possibilities are as limitless as our dedication.
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.
