Multiple addresses have locked in nearly half of the voting power of CAKE in advance, intending to dominate the new governance proposal

ChainCatcher news, according to Protos, ahead of a significant governance reform proposal set to be released by PancakeSwap, 8 associated addresses rapidly purchased and locked 25 million CAKE, accounting for about half of the total unlocked supply, intending to dominate the upcoming governance vote.

The "CAKE Tokenomics 3.0" proposal aims to abolish the veCAKE mechanism and voting power weighting system, introduce a more simplified emission model, and set a 4% annual deflation rate. This move has sparked widespread controversy in the community, with the founder of Curve and several DeFi projects publicly opposing it, expressing concerns about governance manipulation and long-term trust being undermined.