Proposal to Launch veCAKE on Linea

Proposal to Launch veCAKE Gauges System on Linea

As mentioned in our initial veCAKE proposal, we are launching veCAKE in phases, and are excited to share the next deployment - Linea!

Recap: Vote-Escrowed CAKE Overview

Here’s a quick recap of veCAKE’s utility:

1️⃣ Direct Gauge Emissions - veCAKE holders can directly impact how CAKE emissions are distributed within each pool, rewarding specific liquidity pools and projects. Rewards and gauge weights are determined through voting power, which will be determined by veCAKE balance.

2️⃣ Enable 3rd Party Protocols through Delegation - external protocols, such as veCAKE Managers, will compete to earn a share of veCAKE voting rights in order to direct CAKE emissions. veCAKE holders can opt to delegate their CAKE to potentially earn boosted rewards. However, direct participation is highly encouraged!

Inclusion of Linea in the veCAKE Gauges System

With the inclusion of Linea, the current Trading Allocation emission of ~125 CAKE/day directed towards Linea Farms will be added to veCAKE emissions.

As voted for previously, the Kitchen will retain a 40% voting share of total veCAKE votes currently allocated to the gauges system to vote for core pairs, such as USDC-ETH on Linea. This is to maintain the liquidity depth and volumes of these core pairs, which contribute significantly to CAKE buyback-and-burn.

Proposal Details

If this proposal closes with the community in favor of these recommendations, the proposed changes will be enacted and veCAKE will be launched shortly on Linea.