PancakeSwap is about to launch Butter Finance, the main decentralized meta-governance and revenue improvement platform of the veCAKE model

Odaily News PancakeSwap is about to launch Butter Finance, the main decentralized meta-governance and revenue improvement platform of the veCAKE model. It will launch veCAKE tokens, allowing governors to obtain proposal voting rights, fee claims, CAKE release control, and maximum liquidity when providing liquidity on PancakeSwap. Get a 3x increase in rewards. However, due to the large amount of funds required, it will be difficult for most holders to use the full rewards. By aggregating veCAKE, Butter socializes the reward boost for its liquidity providers. By releasing value, more CAKE will be permanently locked through Butter Finance, and the release will also be effectively distributed. Butter said that its goal is to lock in a large supply of veCAKE and use its connections, incentive mechanisms and revenue enhancement measures to encourage more DAOs to join Pancake. Currently, Butter has been supported by JonesDAO, Gearbox Protocol, Curvance, Alchemix, Notional, Beefy, Mimo Labs, GnosisDAO, Aura DAO, etc. Butter Finance will first support Ethereum, Arbitrum and BNB Chain.