Decentralized crypto exchange Pancakeswap has implemented a new voting system. Called “Gauges,” the system allows governance token holders to vote for additional rewards to be distributed to particular pools, according to a Nov. 22 blog post. The exchange has also sunsetted its vCAKE metric, replacing it with a new metric called “veCAKE.”

Your CAKE, Your Voice

Introducing Gauges Voting and veCAKE

More governance power Control CAKE emissions Deeper liquidity Vote Incentives pic.twitter.com/GxHGHdIG4J

— PancakeSwapEveryone’s Favorite DEX (@PancakeSwap) November 22, 2023

Pancakeswap is the third-largest decentralized exchange in terms of total value locked…

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