FAQ
1. Why is PancakeSwap doing Release Payment to Cakepie?
PancakeSwap sunset its veCAKE system — and with it, Cakepie’s core voting mechanism. To compensate CKP holders for this change, PancakeSwap has agreed to a $1.5 M USD payout, coordinated with Cakepie’s governance process.
2. What is the total amount of Release Payment?
PancakeSwap: $1.5 million USD
Cakepie Treasury: All remaining funds (74 BNB + 52 456 CAKE)
Magpie: Will donate 50 % of its own Release Payment to CKP/vlCKP holders.
3. Who qualifies for the Release Payment?
4. Are there two separate payments involved — a general one and an additional one?
Yes, the Release Payment will happen in two stages. First, PancakeSwap will distribute the $1.5M to all CKP and vlCKP holders. Then, Magpie will donate 50% of its own Release Payment to vlCKP holders who held their tokens at the time the PancakeSwap proposal was submitted.
5. Will Cakepie contribute to the Release Payment?
Yes, Cakepie will make available all of its treasury 74BNB and 52,456 CAKE.
6. Will Magpie contribute to the Release Payment?
Magpie will make available 50% of the Release Payment received from its CKP allocation, which was originally reserved for the Magpie treasury (vlMGP holders) during the CKP tokenomics planning.
7. Why is Magpie DAO eligible to receive a portion of the Release Payment for CKP holders?
Magpie DAO currently holds 937,500 vlCKP/CKP. Because of this, half of what Magpie receives will be given back to CKP and vlCKP holders.
All the resources generated by Cakepie went directly to users — Magpie didn’t take any fee for its treasury. That’s why Magpie receives a portion of tokens from the SubDAOs it launches. This model allows Magpie to support and hold its SubDAOs while building the broader Mega DAO. It’s also important to recognize the substantial investment Magpie made to launch Cakepie — including growth, operations, and human resources. So, just like any CKP holder, it’s only fair that Magpie receives its Release Payment.
8. Will there be a snapshot for the distribution?
The general Release Payment does not have a snapshot. You can simply burn your CKP on the distribution page and you will access the Release Payment.
For the additional Release Payment from Magpie, a snapshot was taken at the exact moment PancakeSwap rolled out Tokenomics 3.0 — only users holding vlCKP at that snapshot qualify for this extra payment
9. Which Release Payment will the snapshot be used for?
This snapshot requirement applies solely to the additional Release Payment; it does not affect the general Release Payment Cakepie.
To claim the standard Release Payment, simply hold CKP tokens and burn them on the Release Payment distribution page — no snapshot needed
10. Can you explain to me the formula for calculating the additional payment?
The formula may seem scary. But it’s simple. Each user will have a weight and will receive in proportion to this weight. The calculation to find out your weight is:
Divide your CKP and vlCKP amount by the amount of mCAKE. (Always considering the snapshot date). If this number is bigger than 0.5 you will use 0.5. If this number is smaller than 0.5. Save this number.
Multiply the CKP and vlCKP that you had on the snapshot date by the number you got in step 1. Now you have your user’s weight.
11. What if I have CKP and vlCKP and have zero mCAKE on the snapshot date?
Just multiply your CKP and vlCKP amount by 0.5.
12. How does mCAKE factor into the calculation of my additional Release Payment?
In the additional Release Payment, your mCAKE holdings dilute your weight. By contrast, the general Release Payment ignores mCAKE entirely — you simply burn your CKP on the distribution page to claim, with no snapshot or mCAKE-based weighting required.
13. Why will it be paid over 6 months?
Because this follows the payment structure agreed upon by PancakeSwap.
14. Why do I need to burn my CKP?
As a security and transparency measure, by removing CKP from circulation to receive the Release Payment we avoid any type of double receipt problem with the same CKP.
15. Should I sell my CKP?
This is a decision that is entirely up to each user. You can choose to receive the Release Payment or sell your CKP on the market. You are encouraged to conduct your own research and determine the best course of action based on your situation.
About Compensation Deployment
16. Is there a deadline for the first batch? If someone burns the CKP in the sixth batch, he can receive all six payments?
The duration of each batch is 1 month. If someone burns in the 6th batch, he can claim the full amount from all six batches. This is because the final rate of all six batches (0.51199) is calculated based on the total supply of CKP and the total USDT we are going to distribute.
17. Is the 0.08533 ratio per batch fixed or can it change from batch to batch?
The rate will change from batch to batch. For example, the final ratio for all six batches is 0.51199. So, for the 1st batch, the ratio will be 0.51199 / 6, and for the 2nd batch, it will be 0.51199 / 5, and so on.
18. What happens to what is not claimed? Will it be passed on to the next batch or distributed to users?
In that case USDT will be stay in the contract. And user will come to claim any time even after completion of all 6 batches. It doesn’t matter which batch it is. The user can claim at any time during the 6 months or even after the 6 months. If the user doesn't claim in the current batch, he can claim in the next batch.
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