$CAKE Token Rights
Updated May 07, 2026Overview
- Token(s)
- CAKE
- Token Type
- GovernanceUtility
- Utility
- Staking, Protocol Access
CAKE is the governance and utility token of PancakeSwap, enabling holders to participate in snapshot voting on protocol upgrades and fee adjustments, stake for rewards and receive access to token launches via CAKE.PAD. Ongoing deflationary burns are funded by trading fees and ecosystem products.
Governance Rights
Control1 CAKE = 1 vote, All CAKE holders have direct voting rights. Only PancakeSwap Core Team can propose Core Proposals, community can propose ideas with 10,000 CAKE balance
Governance Decisions
Voting power directly corresponds to the number of CAKE held in wallet address during snapshot
Treasury Decisions
Treasury is not controlled by DAO or token holders
Revenue Decisions
CAKE holders can vote on but not propose significant uses of ecosystem growth funds and protocol adjustments (product changes, fee changes)
Fee Switch
ONFees are used to buy back CAKE, which is then burned
Resources
Primary Value Accrual
Deflationary supply reductionValue accrues through buybacks and burns, reducing overall supply
Equity Statement
CAKE emissions go to multichain farms, Lottery, ecosystem growth, buybacks and burns. PancakeSwap's focus is to scale volume growth by optimizing liquidity incentives and boost revenue per CAKE spent. A portion of spot trading fees goes to the treasury which is not controlled by the DAO.
Economic Rights
Value CaptureFees from perps, IFOs, Prediction / Lottery, liquidity pools are burned
Buybacks
Fees are used to buy back CAKE tokens
Dividends
N/ANo dividend or revenue distribution is currently active
Burns
ActiveWeekly burns from product fees
Ownership
Raise History
1 round · $0 total| Date | Amount | Round | Valuation | |
|---|---|---|---|---|
| Jun 07, 2022 | — | Strategic | — |
- Fundraising
- None
- Equity Revenue Capture
- Unknown
- Associated Entities
- DAODevCo