According to PANews on April 21, PancakeSwap officially announced that CAKE Token Economics 3.0 will be implemented at 0:00 UTC on April 23, and veCAKE and Gauges Voting will be officially "retired".

Starting at 8:00 AM (UTC) on April 23, 2025, all CAKE and veCAKE stakes will be unlocked, and users who have directly staked CAKE through the PancakeSwap interface will be able to redeem veCAKE for CAKE at a 1:1 ratio. Users who have directly staked CAKE through the PancakeSwap interface have 6 months to redeem their staked CAKE and veCAKE, ending at 08:00 AM (UTC) on October 23, 2025.