# Terms and Conditions

These Terms and Conditions (these “Terms”) set out the basis on which you may access and use [Cakepie](https://www.cakepiexyz.io/) (the “Site”). The Site is a website hosted user interface provided by Cakepiexyz Ltd., a company incorporated in British Virgin Islands (“Cakepie”, “we” or “us”) and the Site enables users to interact with certain smart contracts deployed on the blockchain (the “Protocol”). You must read and understand these Terms in its entirety before accessing and using the Site. Each time you access or use the Site, you indicate your acceptance of these Terms. If you do not accept these Terms, you are not permitted to use the Site and must cease all activity on the Site.

THESE TERMS CONTAIN A BINDING ARBITRATION PROVISION AND CERTAIN WAIVERS. YOU SHOULD READ THESE PROVISIONS CAREFULLY AND UNDERSTAND HOW YOUR RIGHTS ARE AFFECTED BEFORE ACCEPTING THESE TERMS.

### 1. Nature of the Site

THESE TERMS CONTAIN A BINDING ARBITRATION PROVISION AND CERTAIN WAIVERS. YOU SHOULD READ THESE PROVISIONS CAREFULLY AND UNDERSTAND HOW YOUR RIGHTS ARE AFFECTED BEFORE ACCEPTING THESE TERMS.

By using the Site, you understand that you are not transferring crypto assets to us and the assets are deposited directly into underlying third-party protocols. Please note that when using the Protocol, crypto assets that have been "bridged" or "wrapped" to operate on other blockchain networks (including to blockchains compatible with the Ethereum Virtual Machine that are designed to ensure a blockchain can effectively process more transactions or other blockchains that are frequently referred to as "Layer 2" solutions) are distinct from the asset on its native chain.

### 2. Permitted Use of the Site

You agree to use the Site only for lawful purposes and in a manner consistent with all applicable laws and regulations and in the manner intended by us. By accessing or using the Site, you agree that you are solely and entirely responsible for compliance with all laws and regulations that may apply to you, as well as any tax obligations.

You shall not use the Site:

* to exploit any vulnerability of the Site, whether or not for financial or other personal gain or otherwise probe, scan, or test the vulnerability of the Site. You must not breach the security or authentication measures implemented on the Site;
* to attempt to gain unauthorized access to the Site, its servers, or any other systems or networks connected to the Site. This includes hacking, password "mining", or any other illegitimate mean;
* to introduce any malware, harmful material or otherwise unauthorized material to the Site or other users of the Site or use any automated device, program, or process (including but not limited to deep-linking, page-scraping, robots, spiders, or similar methods) to access, copy, monitor, or extract any part of the Site without prior written permission from us;
* in connection with any cyber attacks, whether against the Site or any other website;
* in a manner which involves market manipulation or financial crime or in a manner which would make the Site an accessory to any market manipulation or financial crime;
* to engage in any activity that is, or is intended to be, libelous, defamatory, profane, obscene, indecent, hateful, abusive, fraudulent or deceptive;
* to engage in any activity that seeks to reveal or obtain personal identification or information about other users or visitors to the Site, or any other customers of ours. This includes reverse look-up, tracing, or any other means to uncover such information; or
* for any activity that is otherwise prohibited by law or infringes upon the rights of others.

You agree not to take any action that imposes an unreasonable or disproportionately large load on the infrastructure of the Site. In particular, you shall not use any device, software, or routine that interferes or attempts to interfere with the proper functioning of the Site, or any transaction being conducted on the Site. Additionally, you must not interfere with or disrupt any other user’s use of the Site.

### 3. Wallet Security

To access and use the Site, you must use a non-custodial wallet software (your “Wallet” and all the non-custodial wallet software you use, your “Wallets”), which allows you to interact with public blockchains. Your relationship with that non-custodial wallet provider is governed by the applicable terms of service with the third-party. We do not have custody or control over the contents of your wallet and have no ability to retrieve or transfer its contents.

The security of your Wallets is your sole responsibility. You are required to take appropriate measures to ensure the security and confidentiality of your Wallet, passwords, and any other authentication information. You shall not share your Wallets, or any information related to your Wallets (including your seed phrases or private keys) with any other individual or entity.

We strongly recommend that you adopt robust operational security measures to protect your Wallets, including but not limited to installing the latest software upgrades on your mobile devices, using two-factor authentication as appropriate, and regularly update your security settings. It is your responsibility to keep your Wallets secure. You understand and acknowledge that any activity conducted through your Wallets will be deemed as your own actions. You are solely responsible for any consequences arising from unauthorized use or access to your Wallets, whether through your own actions or due to your failure to implement adequate security measures. In the event of any suspected or actual unauthorized access to your Wallets, or if you believe your Wallet has been compromised, you must immediately take appropriate action to mitigate any potential risks.

We have no ability to control or reverse any transactions on the Protocol. We shall not be held responsible for any loss, damage, or unauthorized transactions resulting from any unauthorized access of your Wallet. By using the Site, you agree to assume full responsibility for the security of your Wallets, and you acknowledge that we do not condone the sharing of your Wallets (or the associated seed phrase and/or private key).

### 4. Intellectual Property

We own all intellectual property and other rights in the Site and its contents, including, but not limited to, software, text, images, trademarks, service marks, copyrights, patents, designs, and its "look and feel". Subject to your compliance with these Terms and any other terms agreed with us separately, we grant you a limited, revocable, non-transferable, and non-exclusive license to access and use the Site for personal purposes only. This license does not grant you any ownership or rights to our intellectual property. All intellectual property and any other proprietary rights associated with the Site and its content are and shall remain our sole property. These Terms do not transfer any ownership or intellectual property rights to you. You shall not claim or assert any right, title, or interest in or to our intellectual property by virtue of your access and use of the Site.

You shall not modify, reproduce, distribute, display, perform, publish, create derivative works from, or exploit in any way our intellectual property without our prior written permission. We reserve the right to take legal action, including seeking damages and injunctive relief, against any individual or entity that violates our intellectual property rights or uses the Site in a manner that infringes upon our intellectual property.

No licenses or rights are granted to you by implication or estoppel with respect to our intellectual property or the intellectual property of any third party.

### 5. Representations and Warranties

On each instance that you access and use the Site, you represent and warrant to us that:

* it is lawful under the laws applicable to you to access and use the Site;
* you are not accessing the Site from a country that is sanctioned by any governmental or supranational body, including but not limited to the Office of Foreign Assets Control of the United States Department of the Treasury, the United Nations Security Council, the European Union, any European Union member state and that you are not an individual subject to any sanctions by a governmental or supranational body;
* you are not a citizen, resident of, or a legal entity incorporated or organized under the laws of, the United States, Russia, Cuba, Iran, North Korea and Crimea;
* you understand and accept all risks of using the Site and crypto tokens;
* you have full understanding of the nature and risks of digital assets and blockchain networks, and voluntarily and of your own accord;
* you have knowledge and experience in all relevant matters as to be capable of evaluating the merits and risks of accessing and using the Site and conducting transactions using the Protocol;
* you have full authority and power to enter into these Terms and that your entry into these Terms does not conflict with any other legal obligation (whether under statute, contract, tort or otherwise) that is binding on you; and
* your acceptance of these Terms are legal, valid, binding and enforceable obligations of yours.

### 6. Third-Party Websites

The Site may contain links or references to third-party websites that are not owned or controlled by us. These links are provided for your convenience and informational purposes only. We do not endorse, guarantee, or assume any responsibility for the accuracy, reliability, or legality of the content on these third-party websites. By accessing and using any third-party websites linked from the Site, you acknowledge and agree that you do so at your own risk. We shall not be held liable for any damages or losses arising from your use of or reliance on the content, products, or services offered by these third-party websites. We recommend that you review the terms and conditions and privacy policies of any third-party websites you visit. Your interactions with these websites are governed by their respective terms and policies, which may differ from ours. The inclusion of any third-party links on the Site does not imply endorsement or affiliation with the linked website or its operators. We disclaim any responsibility for the actions, content, or practices of any third-party websites. If you decide to access or use any third-party websites linked from the Site, you do so voluntarily and solely at your own discretion.

Please note that while we strive to provide reliable and useful links, we cannot guarantee the accuracy, safety, or reliability of third-party websites. It is your responsibility to exercise caution and make informed decisions when accessing or using any third-party websites.

### 7. Breaches of these Terms

We reserve the right to take appropriate action, including but not limited to the immediate termination or suspension of your access to the Site, in the event of any violation of these Terms. If we become aware of any violation of these Terms, we may, at our discretion, investigate the matter and take necessary legal action to enforce our rights and protect the integrity of the Site. Any failure on our part to enforce these Terms shall not be considered a waiver of our right to do so in the future, nor shall it constitute a waiver of any other provision or right under these Terms.

You agree to cooperate fully in any investigation regarding a violation of these Terms. This may include providing any information or evidence necessary to resolve the matter satisfactorily. You understand and agree that we shall not be liable to you or any third party for any damages, losses, or expenses incurred as a result of our actions taken in response to a violation of these Terms.

By using the Site, you acknowledge and agree that any violation of these Terms may result in the termination or suspension of your access to the Site and may lead to legal consequences.

### 8. Limitation of Liability

In no event shall we or our affiliates, directors, officers, employees, or agents be liable for any direct, indirect, incidental, special, consequential, or exemplary damages or loss, including but not limited to damages for loss of profits, goodwill, use, data, or other intangible losses or other costs and expenses (including legal or other professional adviser fees) (“Losses”), arising out of or in connection with your use of the Site or the inability to access or use it.

Notwithstanding that we will not be responsible for any Losses suffered by you, if you suffer any Losses, you must take all reasonable steps to mitigate such Losses which has occurred or may occurred.

To the extent the limitations of liability are unenforceable, our maximum liability to you shall be the lowest amount permitted under the relevant applicable laws.

### 9. Indemnity

You shall indemnify and keep us indemnified in full and on demand, and hold us harmless, from all claims, liabilities, direct or indirect damages, losses, costs, expenses, or fees (including reasonable attorneys' fees) suffered or incurred by us arising out of or in connection with (1) your violation of these Terms, (2) your violation of any rights of any other person or entity, including but not limited to intellectual property rights, privacy rights or contractual rights, (3) your access to or use of any third-party websites linked from the Site, or (4) your violation of any applicable laws, regulations or third-party rights which involve the use of the Site.

We reserve the right, at our own expense, to assume the exclusive defense and control of any matter otherwise subject to indemnification by you, in which event you will cooperate with us in asserting any available defenses.

You acknowledge and agree that the indemnification obligations set forth in this provision shall survive the termination or expiration of these Terms and your use of the Site.

### 10. Circumstances Beyond Our Control

While we will use reasonable efforts to ensure the Site is operational to a satisfactory service level, there are events that are circumstances beyond our reasonable control which may inhibit, affect or prevent your access and use of the Site. These include, without limitation:

* disruption of the information services required to access the Site such as your Internet service provider, our servers, the blockchains on which the Protocol is deployed, etc.;
* hardware failures of our servers or your personal device or Internet service provider;
* a temporary or indefinite halt of the functionality of the Site or any blockchain on which the Protocol is deployed; and
* cyberattacks against the Site or other malicious malware used to henbit the functionality of the Site.

We will not be responsible for any Losses incurred by you as a result of any circumstances beyond our reasonable control which may inhibit, affect or prevent your access and use of the Site.

### 11. Your Privacy

When you use the Site, we may collect information on your blockchain wallet address, completed transaction hashes, and the token names, symbols, or other blockchain identifiers of the tokens that you swap, which are all publicly available from the blockchain. When you interact with the blockchain, you are making certain information available for public viewing. We do not collect any other personal information from you. We use your publicly available information to (1) provide, maintain, customize and improve the Site, (2) protect against, investigate, and stop fraudulent, unauthorized, or illegal activity, or address security risks or issues, and (3) comply with our legal obligations.

The Site does incorporate third-party service providers, such as Infura and Google Analytics, which may receive or independently obtain your personal information from publicly available sources. We do not control how these third parties handle your data and you should review their privacy policies to understand how they collect, use, and share your personal information. In particular, please visit the privacy policies of Infura and Google to learn more about how these third parties use data. By accessing and using the Interface, you understand and consent to our data practices and our service providers' treatment of your information.

We use the publicly available information we collect to detect, prevent, and mitigate financial crime and other illicit or harmful activities on the Interface. For these purposes, we may share the publicly available information we collect with blockchain analytics providers or legal authorities as appropriate. We may share your publicly available information with these service providers only so that they can help us promote the safety, security and integrity of the Site. We do not retain the information we collect any longer than necessary for these purposes.

It is our policy to comply with all legal and regulatory requests, provided they are not invalid, overbroad, or unconstitutional requests as appropriate. However, we cannot guarantee that unauthorized third parties will never be able to obtain or use your information or aggregate data for improper purposes. You acknowledge that you provide your information and aggregate data at your own risk.

### 12. Taxes

Your access and use of the Site may result in various tax consequences, such as income or capital gains tax, value-added tax, goods and services tax, or sales tax in certain jurisdictions. It is your responsibility to determine whether taxes apply to any transactions you initiate or receive and, if so, to report and/or remit the correct tax to the appropriate tax authority.

### 13. No Warranties

The Site and its content are provided on an "as-is" and "as available" basis without any representations or warranties of any kind, whether express, implied, or statutory. We do not warrant that the website will be uninterrupted, error-free, secure, or free from viruses or other harmful components. To the extent permitted by the law, we disclaim all warranties, including but not limited to the implied warranties of merchantability, fitness for a particular purpose, and non-infringement. We do not represent or warrant that access to the Site will be continuous, uninterrupted, timely, or secure; that the information contained in the Site will be accurate, reliable, complete, or current; or that any of our products will be free from errors, defects, viruses, or other harmful elements. No advice, information, or statement that we make should be treated as creating any warranty concerning the Site.

Similarly, the Protocol is provided "as is", at your own risk, and without warranties of any kind. The Protocol is run autonomously by the smart contracts deployed on various blockchains.

### 14. No Investment, Legal, Tax, or Other Advice

The information provided on the Site and any of the social media accounts under the control of us or any individuals directly affiliated with us, including but not limited to articles, guides, and other content, is for informational purposes only. It does not constitute financial, investment, legal, tax, or any other professional advice. We do not provide any personalized recommendations or advice regarding the suitability, profitability, or legality of any investment, financial strategy, or transaction. Any decision to engage in transactions on the Site is solely at your own risk and discretion. You should consult with appropriate professionals, such as financial advisors, lawyers, or tax advisors, to obtain specific advice tailored to your individual circumstances before making any transactions on the Site. Your access and use of the Site does not establish a client, advisory, or fiduciary relationship between you and us.

We make no representations or warranties regarding the accuracy, completeness, or timeliness of the information provided on our Site. We shall not be held liable by any person for any errors or omissions in the content or for any actions taken in, or any losses, damages, or liabilities arising from, reliance of the information provided. You bear full responsibility for evaluating the accuracy, completeness, and usefulness of any information or content provided on the Site and for seeking professional advice as necessary.

By using the Site, you acknowledge and agree that we do not provide any investment, legal, tax, or other professional advice. You should seek appropriate advice from qualified professionals before making any financial or investment decisions. We shall not be held responsible for any consequences resulting from your reliance on the information provided on the Site.

### 15. Reservation of Rights

We reserve the right to take appropriate legal action, including but not limited to seeking damages, injunctions, or any other remedies available under applicable law, to address any violation of these Terms. We reserve the right to prohibit or block any activity on the Site that violates these Terms, including but not limited to the use of automated devices, unauthorized access attempts, or probing, scanning, or testing the vulnerability of the Site.

### 16. Assumption of Risk

You acknowledge and agree that the access or use of the Site and any involvement with crypto assets carry inherent risks. These risks include, but are not limited to, market volatility, potential loss of investment, regulatory changes, technological vulnerabilities, and cybersecurity risks which are beyond our control. We shall not be held liable for any losses, damages, or liabilities arising from your use of crypto assets or any transactions related to crypto assets conducted through the Site.

You understand and accept that the value of crypto assets can fluctuate significantly, and there is no guarantee of profit or protection against losses. The decision to engage in transactions involving crypto assets is solely your responsibility, and you bear all risks associated with such transactions.

You are solely responsible for conducting your own research, understanding the risks involved, and making informed decisions regarding the use, purchase, sale, or holding of crypto assets. You should consult with appropriate professionals before making any financial or investment decisions.

It is your responsibility to ensure compliance with applicable laws, regulations, and tax obligations related to the use and ownership of crypto assets in your jurisdiction.

We recommend implementing appropriate security measures, including but not limited to secure storage, strong passwords, and two-factor authentication, to protect your crypto assets and associated information.

You acknowledge that the blockchain technology underlying crypto assets is subject to its own risks and limitations, including but not limited to network congestion, technological failures, and delays in transaction confirmation. We shall not be responsible for any losses or damages arising from such risks and limitations.

By using the Site and engaging with crypto assets, you acknowledge and assume all risks associated with crypto assets, including any not described above (which is a non-exhaustive coverage of all relevant risks). You agree to release us from any liability and hold us harmless from any Losses incurred in connection with the use of crypto assets.

### 17. Miscellaneous

We reserve the right to modify, suspend, or terminate the Site or any part thereof, at any time without prior notice. We shall not be liable to you or any third party for any such modification, suspension, or termination. In addition, we may update these Terms from time to time in our sole discretion and without any prior notice to you. It is your responsibility to check the Site for the latest version of these Terms. The most recent date of update will clearly indicated in these Terms.

If any provision of these Terms is found to be invalid or unenforceable, the remaining provisions shall continue to be valid and enforceable to the fullest extent permitted by law.

These Terms contain the whole agreement between you and us relating to your access and use of the Site. You agree and acknowledge that you are not agreeing to these Terms in reliance of any representation, warranty or undertaking made by us.

These Terms shall be governed by and construed in accordance with the laws of Singapore, without regard to its conflict of laws principles. Any dispute, controversy, difference or claim arising out of or relating to this contract, including the existence, validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it (“Dispute”) shall be referred to and finally resolved by arbitration administered by an arbitral institution determined by us under arbitral rules determined by us. The seat of arbitration shall be Singapore and there shall be a single arbitrator appointed by us.

You and us explicitly waive any right to have a Dispute heard by jury trial and any Dispute you bring must be brought in your individual capacity and not as a plaintiff in or member of any purported class action, collective action, private attorney general action, or other representative proceedings. In the event that any immunities apply to you, you agree to waive such immunities.


# CKP Sunset Compensation

Cakepie has been officially sunset following PancakeSwap’s discontinuation of support for veCAKE. Since the veToken model was fundamental to Cakepie’s design, this change rendered the protocol unable to fulfill its intended purpose.

### Details:

* For more information, see the compensation plan vote [here](https://snapshot.box/#/s:cakepiexyz.eth/proposal/0x97937f2b411e645e12b72b3a5a389754eaaf680cd727194e93318362d763db52).
* If you have questions about the compensation plan, [see the FAQ](/ckp-sunset-compensation/faq).


# FAQ

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2F2H5Ou4dbamvYXOHSMABL%2Fimage.png?alt=media&amp;token=0881fd6b-b51e-4ab5-a943-dd420d4af4fa" alt=""><figcaption></figcaption></figure>

### **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?** <a href="#e5f5" id="e5f5"></a>

* **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?** <a href="#e743" id="e743"></a>

<figure><img src="https://miro.medium.com/v2/resize:fit:908/1*DGr0TUUy0stvsruY1U9d8Q.png" alt="" height="266" width="700"><figcaption></figcaption></figure>

### **4. Are there two separate payments involved — a general one and an additional one?** <a href="#cd44" id="cd44"></a>

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?** <a href="#ba8c" id="ba8c"></a>

Yes, Cakepie will make available all of its treasury 74BNB and 52,456 CAKE.

### **6. Will Magpie contribute to the Release Payment?** <a href="#id-908b" id="id-908b"></a>

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?** <a href="#id-6a0d" id="id-6a0d"></a>

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?** <a href="#id-700a" id="id-700a"></a>

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?** <a href="#id-4909" id="id-4909"></a>

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?** <a href="#id-0678" id="id-0678"></a>

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:

1. 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.
2. 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?** <a href="#id-8215" id="id-8215"></a>

Just multiply your CKP and vlCKP amount by 0.5.

### **12. How does mCAKE factor into the calculation of my additional Release Payment?** <a href="#id-6c02" id="id-6c02"></a>

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?** <a href="#a091" id="a091"></a>

Because this follows the payment structure agreed upon by PancakeSwap.

### **14. Why do I need to burn my CKP?** <a href="#id-453c" id="id-453c"></a>

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?** <a href="#id-806c" id="id-806c"></a>

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&#x20;

### 16. Is there a deadline for the first batch? If someone burns the CKP in the sixth batch, he can receive all six payments?&#x20;

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.


# Cakepie Overview

Overview

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/QptTQNNr0hLjpTqqHkhs/Introducing-cakepie-bw.jpg" alt=""><figcaption><p><a href="https://www.pancake.magpiexyz.io/stake">Cakepie</a></p></figcaption></figure>

## What is Cakepie?

Cakepie is an advanced SubDAO created by the Magpie Kitchen to enhance the long-term sustainability of PancakeSwap's veCAKE design. The primary objective of Cakepie is to accumulate CAKE tokens and lock them as veCAKE, helping to decrease its circulating supply. This allows Cakepie to capitalize on PancakeSwap's structure, optimizing governance power and offering enhanced rewards for DeFi users.

Cakepie provides a platform for users to deposit their assets and automatically receive optimized APR as liquidity providers. Simultaneously, it offers an efficient way for PancakeSwap voters to gain voting power and earn incentives via the CKP token.

Cakepie allows CAKE holders from PancakeSwap to achieve high APR without any lock up period by converting their tokens into mCAKE. Utilizing the principles of the veCAKE model, Cakepie enables users to maximize their CAKE rewards. mCAKE, developed by Cakepie, is a variant of the CAKE token, granting users a substantial share of CAKE rewards and greater flexibility within Cakepie. This system allows CAKE holders to convert their tokens into mCAKE on a 1:1 basis, thereby amplifying their prewards potential.

Cakepie locks all the CAKE converted by users as veCAKE within PancakeSwap, leading to its accumulation. By possessing veCAKE, Cakepie gains access to increased CAKE rewards and governance rights on PancakeSwap, thus facilitating reliable and enhanced earnings for its users.

## What is CKP?

CKP is the governance and reward-sharing token of Cakepie. Users can lock their CKP tokens as Vote-Locked CKP (vlCKP) at a 1:1 ratio.

Vote-Locked CKP, abbreviated as vlCKP, grants CKP holders both rewards opportunities and governance rights on PancakeSwap and Cakepie. The collective voting power Cakepie amasses through holding veCAKE is distributed among vlCKP holders. This enables them to participate in the governance decision-making of PancakeSwap and influence the distribution of CAKE emissions. Additionally, users holding Vote-Locked CKP are eligible to receive rewards from Cakepie and can monetize their voting power through the Cakepie Voting Market.


# Cakepie Ecosystem

Understanding Cakepie

### ▫️ Introduction

### ▫️ PancakeSwap


# Introduction

How do Cakepie and PancakeSwap work together?

## Cakepie

Cakepie is a state-of-the-art SubDAO created by Magpie to bolster the long-term sustainability of PancakeSwap. As a yield and veTokenomics service provider, Cakepie’s core mechanism involves locking CAKE tokens as veCAKE. This process allows Cakepie to secure enhanced yields and amplified voting rights within PancakeSwap, serving up as a Meta-Governance layer, offering prime opportunities for DeFi users.

## PancakeSwap

PancakeSwap is one of the top protocols across DeFi and functions as a DEX that spans multiple blockchain networks. The platform enables users to execute cryptocurrency trades directly, bypassing the need for intermediaries or conventional financial institutions. PancakeSwap has implemented the veCAKE (Vote-Escrowed CAKE) system for its governance token, CAKE, enabling holders to lock their CAKE as veCAKE. By doing so, users get voting rights, platform rewards, and higher APR% as liquidity providers. To maximize the benefits of veCAKE, it is necessary for users to lock their CAKE tokens up to 4 years.

As the biggest platform on BNB Chain, PancakeSwap is renowned for its three core features: trading, earning, and winning. Users can connect to PancakeSwap through different blockchains network to exchange their assets into another. The platform allows users to participate as liquidity provider with the potential to earn rewards fo their active engagement.

### Cakepie: Sweetening The Crypto Kitchen

Cakepie brings a solution that supports PancakeSwap to maximize its long term value. The protocol enables CAKE holders to earn rewards, provides PancakeSwap voters with cost-effective voting power, and allows liquidity providers to gain increased APR% without needing to lock CAKE tokens as veCAKE.

Cakepie offers CAKE holders the opportunity to earn substantial rewards by converting their governance tokens (CAKE) into mCAKE. Users can stake mCAKE on Cakepie to get enhanced rewards from the platform in the form of CAKE tokens.

When users convert their CAKE into mCAKE, Cakepie automatically locks the converted CAKE as veCAKE within PancakeSwap. This mechanism enables CAKE holders to earn greater rewards through mCAKE, while also granting Cakepie voting rights and increased APR% as a liquidity provider within PancakeSwap.

Thanks to Cakepie's veCAKE holdings, liquidity providers can deposit their assets on the platform and earn increased CAKE rewards without having to lock any CAKE as veCAKE by themselves.

The voting power accumulated by Cakepie through its veCAKE holdings is shared among vlCKP holders, allowing them to participate in PancakeSwap's governance cost-effectively. CKP is the governance token of Cakepie, and it can be locked as vlCKP to access its benefits. Vote-Locked CKP holders can get rewards and influence PancakeSwap's governance efficiently while simultaneously maximizing their earnings. Users must start a 60-day unlock period to fully unlock vlCKP back to CKP.

### How does Cakepie benefit PancakeSwap?

* **Boosted income for CAKE holders -** CAKE holders have the option to convert their tokens into mCAKE, allowing them to receive a share of the rewards generated by Cakepie in the form of CAKE without the need to lock their assets.
* **Expanding a diverse user base -** Risk-averse liquidity providers can achieve higher yields without the need of locking CAKE and holding veCAKE on their own. The veCAKE holdings of Cakepie allows the platform to automatically provide depositors with boosted passive income.
* **Reducing the voting barrier -** Cakepie provides a cost-effective method for acquiring voting rights on PancakeSwap, facilitated by the veCAKE accrued by the platform. Users can purchase CKP tokens and lock them on Cakepie as vlCKP. This enables users to control the veCAKE accumulated by Cakepie, granting them the power to effectively influence PancakeSwap's governance and earn rewards without being subject to a four-year lock-up period.


# PancakeSwap

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/hZ54k0B514KCT9JXHAgZ/magpie-partnership_pancake.jpg" alt=""><figcaption></figcaption></figure>

### What is PancakeSwap?

PancakeSwap, the largest platform on BNB Chain, is a DEX facilitating cryptocurrency trading across various blockchain networks. It eliminates the necessity of intermediaries or conventional financial institutions. The platform's distinction lies in its core functionalities: enabling users to trade, vote, earn, and win through its services.

### What is CAKE?

CAKE is the governance token of PancakeSwap.

### What is veCAKE?

veCAKE is a locked version of the CAKE token. When CAKE holders lock their tokens as veCAKE on PancakeSwap, they gain access to governance rights, voting power and passive income advantages. PancakeSwap provides multiple staking durations for locking CAKE as veCAKE, from a minimum of 7 days to a maximum of 4 years. The longer the locking period, the more significant the benefits, and possessing more veCAKE enhances these advantages.

### What are the benefits of holding veCAKE?

🔹 **Yield Boosting:** One of veCAKE main utilities is to enable its holders to earn boosted yields when providing liquidity on PancakeSwap. The boosted emissions are proportional to the staking period duration and the amount of CAKE locked as veCAKE by users.

🔹 **Governance Rights:** veCAKE is fundamental for PancakeSwap's governance system. veCAKE holders can vote to influence the decision making and long-term development of PancakeSwap. The voting weight is proportional to the lockup period and the amount of CAKE locked by users. Longer lockup, more voting weight.

🔹 **Directing CAKE Emissions / Earn Bribes:** veCAKE holders can also vote to allocate CAKE emissions across different PancakeSwap pools.

🔹 **Earning Rewards:** Holding veCAKE on PancakeSwap allows users to earn rewards.

### How can Cakepie support PancakeSwap?

Cakepie has identified several areas where it can help provide a more efficient DeFi experience for users while supporting PancakeSwap's long-term development at the same time.

🔹 Liquidity providers cannot earn boosted yields without locking CAKE tokens.

🔹 Voters need to be locked up to 4 years to get considerable benefits.

🔹 CAKE holders cannot earn rewards without a lock up period.


# Distribution Rewards for Active user engagement

CAKE Rewards Distribution

## Rewards Source: veCAKE

Cakepie generates rewards from its accumulated veCAKE. The Yield-Boosting Mechanism of veCAKE allows liquidity providers on Cakepie to earn enhanced CAKE rewards. This means that once users deposit their assets on Cakepie, they start earning increased yield without having to lock any veCAKE within PancakeSwap by themselves. In turn, Cakepie charges a performance fee from the boosted yield and distributes it among users on our platform.

## Distribution of Cakepie's CAKE rewards from PancakeSwap:

V2&#x20;

* 80% to Liquidity Providers.
* 12% to mCAKE Stakers.
* 8% to vlCKP holders.

V3  Only CAKE earned from BOOST will be charged , according to  [CIP-10](https://snapshot.box/#/s:cakepiexyz.eth/proposal/0x1bd8f882c546951dae374e0bd4d5a4e1a2e21c62817e0f4cba9152dc982f372f).&#x20;

* 60% to Liquidity Providers.
* 24% to mCAKE Stakers.
* 16% to vlCKP holders.

<br>


# Tokens

Tokens of the Cakepie Ecosystem


# CKP

CKP is the governance token of Cakepie

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/pOX9FO2Oko9IGYbl8Emr/image.png" alt=""><figcaption><p>CKP Token</p></figcaption></figure>

CKP tokens can be locked as vlCKP, which allows its holders to generate income from the platform while also contributing to the decision-making processes of both Cakepie and PancakeSwap. vlCKP is essentially the CKP token in a locked state. Users who opt to lock their CKP tokens on Cakepie receive vlCKP (Vote-Locked CKP) at 1:1 ratio.


# CKP Emission

Master Cakepie Emissions per sec: 0.001897389192

## CKP Pool Emissions

<table><thead><tr><th width="238">Pools</th><th width="233">Points</th><th>CKP Emission (Bi-Weekly)</th></tr></thead><tbody><tr><td>mCAKE Staking Pool</td><td>100</td><td>229.5081967</td></tr><tr><td>mCAKE Stability Vault</td><td>900</td><td>2065.57377</td></tr><tr><td>Total</td><td>1,000</td><td>2295.081967</td></tr></tbody></table>

## CKP Voting Incentives

<table><thead><tr><th width="132">Platform</th><th width="142">Pair</th><th width="296">vlCKP  Voting Incentives / Bi-weekly</th><th>CKP Emission (Bi-Weekly)</th></tr></thead><tbody><tr><td>Cakepie</td><td>mCAKE-CAKE StableSwap</td><td>11,000</td><td>11,000</td></tr><tr><td>Cakepie</td><td>WBNB-CKP (CupCake)</td><td>500</td><td>500</td></tr><tr><td>Cakepie</td><td>CKP-mCAKE (V2)</td><td>800</td><td>800</td></tr><tr><td>Total</td><td></td><td></td><td>12,300</td></tr></tbody></table>


# Vote-Locked CKP

vlCKP

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/Rx5bxLy1GVwBAka0An6h/image.png" alt=""><figcaption><p>vlCKP</p></figcaption></figure>

Vote-Locked CKP is the locked version of CKP. The governance power that Cakepie has acquired by locking CAKE as veCAKE on PancakeSwap is shared and controlled by vlCKP holders. Users interested in participating in PancakeSwap's governance can buy voting power cost-effectively through CKP while earning high APR at the same time.

### Users must lock CKP as vlCKP to:

* Earn rewards on Cakepie
* Participate in the governance of PancakeSwap and Cakepie
* Influence CAKE emissions by voting / Earn incentives


# Unlock CKP

Users need to cancel the allocated voting vlCKP before unlocking. \
The vlCKP unlock period is 60 days. \
Each user can have a maximum of three concurrent cooldown periods. \
No rewards will be earned during the cooldown period.


# CKP Distribution

CKP will be distributed as follows:

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/wlcahf47GSxvNxHu0t5g/Cakepie%20Info%20CKP%20IFO-02.jpg" alt=""><figcaption></figcaption></figure>

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/11Sm3uxFBofOGKfmSRfF/CKP%20Distribution%20Cakepie.png" alt=""><figcaption></figcaption></figure>


# CKP Chart

Tools to track the price of CKP

[CoinMarketCap](https://coinmarketcap.com/currencies/cakepie-xyz/)

[CoinGecko](https://www.coingecko.com/en/coins/cakepie)

[GeckoTerminal](https://www.geckoterminal.com/bsc/pools/0x8b626acfb32cdad0d2f3b493eb9928bba1bbbcca)

[DexScreener](https://dexscreener.com/bsc/0x8b626acfb32cdad0d2f3b493eb9928bba1bbbcca)


# mCAKE

Cakepie's version of CAKE

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/Nf9QeBmWoCDof4W7uGwq/image.png" alt=""><figcaption><p>mCAKE Token</p></figcaption></figure>

mCAKE refers to "Magpie CAKE", a liquid version of veCAKE that allows users to earn rewards for their active participation on Cakepie.

CAKE holders can convert tokens into mCAKE at 1:1 ratio on Cakepie to earn boosted APR. Cakepie takes all converted CAKE tokens and locks them on PancakeSwap in order to acquire more veCAKE. This, in turn, allows Cakepie to provide boosted APR for its depositors.

The process of permanently removing tokens from circulation is known as 'blackholing' and cannot be reversed. mCAKE holders have the option to exchange their tokens for CAKE on the secondary market.


# Understanding mCAKE

mCAKE

## Converting CAKE into mCAKE

* Users can convert CAKE into mCAKE at 1:1 ratio on Cakepie via BNB Chain.
* When users convert CAKE into mCAKE, Cakepie locks all the converted CAKE on PancakeSwap as veCAKE, and this process is irreversible. (Users will be able to swap mCAKE to CAKE via DEX but their converted CAKE will continue to be locked as veCAKE).

## Staking mCAKE

* Users can stake mCAKE on Cakepie to earn CKP and CAKE rewards.


# Smart CAKE Converter

Maximize your CAKE conversions

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*IXE7d-lc9N698Kl7" alt="" height="394" width="700"><figcaption><p><a href="https://www.pancake.magpiexyz.io/stake">Get the best rate when converting CAKE tokens into mCAKE</a></p></figcaption></figure>

Cakepie has been live for several months, providing PancakeSwap users with enhanced opportunities to monetize their holdings. By participating as liquidity providers on Cakepie, users can optimize their rewards. Additionally, **CAKE token holders can secure a continuous source of rewards by actively participating in staking after converting their CAKE tokens into mCAKE** through Cakepie.

Here we explore the functionality of **the Smart CAKE Converter**. This cutting-edge tool is designed to provide a fair and balanced conversion rate from mCAKE to CAKE. Also, it ensures the price correlation between mCAKE and CAKE remains consistent.

## **What is mCAKE?** <a href="#f8a2" id="f8a2"></a>

mCAKE is Cakepie’s version of the CAKE token. mCAKE can be staked on Cakepie to earn rewards.

## **Converting CAKE into mCAKE** <a href="#ff58" id="ff58"></a>

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*cSthC59WPNO2S2Il" alt="" height="104" width="700"><figcaption></figcaption></figure>

Users can [convert CAKE into mCAKE](https://www.pancake.magpiexyz.io/stake) on Cakepie.

## **CAKE to mCAKE Swap** <a href="#ce5b" id="ce5b"></a>

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*YeWJdEjt-7595zKN" alt="" height="234" width="700"><figcaption></figcaption></figure>

DeFi participants can acquire mCAKE with CAKE via PancakeSwap. **Should the value of mCAKE fall beneath that of CAKE, users may benefit from a favorable exchange ratio when trading CAKE for mCAKE on PancakeSwap.** For instance, if the conversion rate is approximately 1 CAKE to \~1.01 mCAKE, participants can anticipate obtaining roughly 1.01 mCAKE for each CAKE token exchanged or swapped via PancakeSwap.

## **The Smart CAKE Converter** <a href="#id-8fa6" id="id-8fa6"></a>

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*P1GDbPcvINJQ7Soi" alt="" height="322" width="700"><figcaption></figcaption></figure>

The Smart CAKE Converter provides users with the best possible rate for turning their CAKE tokens into mCAKE. **It automatically verifies the conversion rate between CAKE and mCAKE on PancakeSwap for BNB Chain users who wish to get mCAKE.** Ensuring mCAKE’s price remains robust is fundamental. [The Smart CAKE Converter](https://www.pancake.magpiexyz.io/stake) addresses this by providing a competitive and equitable rate for converting CAKE into mCAKE, aiding in maintaining mCAKE’s value. **Should the conversion ratio of mCAKE to CAKE fall under 98% on PancakeSwap, the Smart CAKE Converter activates, facilitating the conversion for users so they receive over one mCAKE per each CAKE converted.** This mechanism secures a conversion rate better than 1:1, offering users the most advantageous exchange rate for their CAKE to mCAKE conversions.

**Cakepie prioritizes maintaining a close price relationship between mCAKE and CAKE** to guarantee a fair conversion rate when swapping from CAKE to mCAKE. The Smart Converter plays a key role in this goal, enabling users to optimize the amount of mCAKE they receive from converting CAKE, ensuring they benefit from the most favorable rates possible.

### **Note:** <a href="#b123" id="b123"></a>

Holders of vlCKP will receive mCAKE through the Smart CAKE Converter. Before distribution, **all CAKE earnings allocated to vlCKP holders will be converted into mCAKE using the Smart CAKE Converter**.


# mCAKE Staking

Earn passive income with mCAKE

## **mCAKE Staking**

<figure><img src="https://cdn-images-1.medium.com/max/1600/1*dBFdfAtY7gJ5Fc2oy9nVCQ.png" alt=""><figcaption><p>Stake mCAKE</p></figcaption></figure>

mCAKE holders now have the opportunity to earn rewards on Cakepie. \
To start receiving CAKE, they must deposit their assets into Cakepie’s mCAKE staking pool. \
The mCAKE Staking Pool will distribute 40% of the total active user engagement rewards allocated to mCAKE Staking.


# mCAKE Stabilty Vault

Lock mCAKE to maximize your rewards

## **mCAKE Stability Vault**

<figure><img src="https://cdn-images-1.medium.com/max/1600/1*yo5aLmXv6e1uM097GgQfQg.png" alt=""><figcaption><p>Lock mCAKE</p></figcaption></figure>

The mCAKE Stability Vault is designed to maintain a higher APR% than the mCAKE Staking Pool. \
Once mCAKE is deposited into the Stability Vault, it enters a locked state and begins to accumulate yields. \
Staking mCAKE in the Stability Vault is an option available to users, aiming to increase their potential CAKE rewards while supporting Cakepie in the long-term.&#x20;

### Unlock mCAKE SV&#x20;

Users can request to unlock their mCAKE SV at any time, but must wait for a 60-day cooldown period before they can withdraw their funds.\
A maximum of three concurrent cooldown periods is allowed per user. During the cooldown period, no rewards will be earned.

### mCAKE SV Benefits:

* Higher APR than normal mCAKE Staking
* PancakeSwap IFO Access


# Cakepie Maximizing Benefits

Understanding Cakepie

### What is Cakepie?

Cakepie is a Yield & veTokenomics service provider designed by Magpie to support the long-term development of PancakeSwap. Cakepie streamlines the way users can maximize active participation rewards with their assets and monetize their governance power on PancakeSwap.

### How does Cakepie supports PancakeSwap?

PancakeSwap requires users to lock their CAKE tokens as veCAKE in order to participate in the protocol's governance and receive increased rewards as liquidity providers on the platform. Cakepie aims to lock as many CAKE tokens as possible to maximize the benefits of veCAKE on PancakeSwap and then offer these benefits back to users in a more flexible way.

🔹 Boosted Rewards for CAKE holders

🔹 Boosted CAKE Rewards for Liquidity providers

🔹 Cost-Effective Voting Power & active user engagement rewards for PancakeSwap voters (Real Yield)

🔹 Decreasing CAKE circulating supply


# Boosted Rewards for CAKE Holders

Users can convert CAKE into mCAKE to earn boosted APR% on Cakepie

## Boosted Rewards for CAKE holders <a href="#boosted-rewards-for-pendle-holders" id="boosted-rewards-for-pendle-holders"></a>

Cakepie offers CAKE holders the opportunity to earn boosted active paticipation rewards by converting their tokens into mCAKE. When users convert their CAKE tokens into mCAKE on Cakepie, the platform automatically locks all the converted CAKE as veCAKE on PancakeSwap while it gives users mCAKE tokens that allows them to earn boosted APR. This mechanism allows Cakepie to own governance power on PancakeSwap and get yield-boosting benefits thanks to its veCAKE holdings. Users can swap mCAKE back to CAKE on the secondary market.

## mCAKE Rewards: <a href="#mpendle-rewards" id="mpendle-rewards"></a>

* CAKE
* CKP


# Boosted CAKE Rewards for Liquidity Providers

Liquidity Providers can earn boosted rewards on Cakepie without locking any CAKE

## Boosted Rewards for Liquidity Providers <a href="#boosted-rewards-for-liquidity-providers" id="boosted-rewards-for-liquidity-providers"></a>

Thanks to the veCAKE holdings of Cakepie, users can deposit their assets on the platform to earn boosted CAKE yields without the need to lock any CAKE by themselves. Basically Cakepie shares its yield-boosting benefits with liquidity providers on the protocol.


# Cost-Effective Voting Power for PancakeSwap users

Users can acquire voting power on PancakeSwap cost-effectively through CKP

PancakeSwap voters must buy and lock CAKE tokens as veCAKE for 4 years to get maximum voting power, which is not a cost-effective way to control governance power.

## ​Cakepie offers cost-effective voting power for PancakeSwap voters:  <a href="#penpie-offers-cost-effective-voting-power-for-pendle-finance-voters" id="penpie-offers-cost-effective-voting-power-for-pendle-finance-voters"></a>

Users can lock their CKP tokens as vlCKP to control the voting power that Cakepie has accumulated through its veCAKE holdings. Each CAKE token that Cakepie locks on PancakeSwap is locked for 4 years. This means that all of Cakepie's veCAKE own the highest benefits on PancakeSwap. PancakeSwap voters can buy voting power cost-effectively by acquiring and locking CKP tokens. Users can lock CKP as Vote-Locked CKP on Cakepie, enabling efficient participation in PancakeSwap's governance while also allows earning boosted rewards with a significantly shorter lockup period of only 60 days.


# Decrease CAKE circulating supply

Cakepie helps PancakeSwap to lock CAKE tokens as veCAKE

When users convert their CAKE tokens into mCAKE, Cakepie automatically locks all the converted CAKE as veCAKE within PancakeSwap while users get mCAKE. This mechanism decreases CAKE sell pressure in the long term.


# The Cakepie Voting Market

A platform for vlCKP holders and veCAKE holders to monetize their voting power.

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2FZR2Hc42Sh50pUia4U0ff%2FBribery%20Market%20Gitbook.png?alt=media&amp;token=cc52ebab-6abd-403d-af25-51d1875e873a" alt=""><figcaption><p><a href="https://www.pancake.magpiexyz.io/bribe">Vote through the Cakepie Voting Market</a></p></figcaption></figure>

The Cakepie Voting Market is an innovative feature that empowers veCAKE and vlCKP holders to monetize their voting power within PancakeSwap. vlCKP and veCAKE holders play a pivotal role in distributing CAKE emissions among various liquidity pools in PancakeSwap. This approach helps strengthen the enduring stability of PancakeSwap, benefiting its liquidity pools, the liquidity providers, and the participating voters.


# Vote

Allocate your votes on the Cakepie Voting Market

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2Fze7AG4EawRJB4E1TWoD5%2FScreenshot%202024-05-07%20at%201.42.04%20PM.png?alt=media&amp;token=66ff9f39-6923-45f8-8edc-56c971cbbe57" alt=""><figcaption><p>Select a pool to allocate your vlCKP voting power</p></figcaption></figure>

vlCKP holders and veCAKE holders have the ability to effortlessly direct their voting power towards their preferred pools, a feature that streamlines their participation in PancakeSwap’s reward distribution process. This innovative approach simplifies the allocation of CAKE rewards. Additionally, it grants users the flexibility to apportion their votes among multiple pools concurrently, ensuring a more versatile and effective voting experience. [By voting via Cakepie](https://www.pancake.magpiexyz.io/bribe), users can easily monetize their voting power.

### Note: <a href="#id-96c6" id="id-96c6"></a>

* Users can vote to share voting incentives
* Unclaimed voting incentives for vlCKP voters will be accumulated and claimable in future epoch


# vlCKP Gauge

Check the distribution of vlCKP votes

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/y9ClCOFeQRippggbGJjA/image.png" alt=""><figcaption><p>Check how vlCKP voters allocate Cakepie's veCAKE voting power</p></figcaption></figure>

The vlCKP Gauge provides a visual representation of how Cakepie’s veCAKE is distributed, which is under the control of vlCKP holders. vlCKP holders can vote in the Cakepie Voting Market to determine CAKE emissions for different liquidity pools.


# Benefits

The Cakepie Voting Market supports the PancakeSwap Ecoystem as a whole

### **1. For Protocols:** <a href="#fe74" id="fe74"></a>

Protocols with their liquidity hosted on PancakeSwap can offer voting incentives to obtain a larger share of CAKE token emission by gaining voting support from vlCKP holders. This can lead to an increase in the Total Value Locked within their pools. The greater the number of votes a pool receives, the higher the $CAKE rewards it accrues.

### **2. For Liquidity Providers:** <a href="#b3b3" id="b3b3"></a>

PancakeSwap depositors have the opportunity to potentially earn an increased APR% on their liquidity contributions by using Cakepie without having to lock any CAKE as veCAKE. This is due to the yield-enhancing capabilities of Cakepie’s veCAKE and the allocation of votes by vlCKP voters through the Cakepie Voting Market.

### **3. For Governance Voters on PancakeSwap:** <a href="#a147" id="a147"></a>

PancakeSwap voters can acquire cost-effective governance power through the CKP token from Cakepie. **By locking CKP as vlCKP, users can monetize their voting power within PancakeSwap.** By leveraging the voting power of the veCAKE accumulated by Cakepie, vlCKP holders can command more voting power. Consequently, they earn more rewards by locking up CKP rather than veCAKE, with the same amount of investment and a shorter lock-up period.

veCAKE holders from PancakeSwap can also earn incentives provided by ecosystem partners through the veCAKE Voting Market on Cakepie.


# Add Voting Incentives

Reward voters through the Cakepie Voting Market

The Cakepie Voting Market provides a simple user interface for users or protocols to add incentives for voters.

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2FuYb7eAZZA2BiaoG0JV9n%2FScreenshot%202024-05-07%20at%201.52.27%20PM.png?alt=media&amp;token=4096dbee-582d-4d4d-8077-1cd0be294fc9" alt=""><figcaption><p>Select the “Add Voting Incentives” tab to deposit your rewwards for voters</p></figcaption></figure>

## Note:

* Adding Voting Incentives is not the same as voting.
* Voting Incentives are added to incentivize vlCKP holders and veCAKE holders who allocate their votes to a certain pair.
* Each pair listed in the Cakepie Voting Market is eligible to receive incentives and voting support.
* Rewards can be added to incentivize voters on current and upcoming epochs.

***

**Operation wallet:** 0xA746B456A137Ac6acC413F3C16D3EF2eA2D0514C


# The veCAKE Voting Market

veCAKE holders from PancakeSwap can check which pairs are offering voting incentives for them

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*4Dm6UPmsXzBLRNI2" alt="" height="394" width="700"><figcaption><p><a href="https://www.pancake.magpiexyz.io/vecake-bribe">https://www.pancake.magpiexyz.io/vecake-bribe</a></p></figcaption></figure>

We are excited to announce the rollout of Cakepie’s [veCAKE Voting Market](https://www.pancake.magpiexyz.io/vecake-bribe). CAKE is the governance token of PancakeSwap and can be locked as veCAKE within their platform to participate in voting processes and earn rewards. One of the main utilities of veCAKE is the opportunity to allocate CAKE emissions to different liquidity pools across various networks within PancakeSwap by voting through their Voting Gauge Mechanism.

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*6T1No6N96egbiau9" alt="" height="362" width="700"><figcaption><p><a href="https://pancakeswap.finance/gauges-voting?chain=bsc">https://pancakeswap.finance/gauges-voting?chain=bsc</a></p></figcaption></figure>

Voting periods on PancakeSwap are known as epochs, and each epoch lasts 14 days. During every voting period, veCAKE holders can allocate their votes to support different liquidity pairs. **The amount of CAKE emissions allocated to liquidity pools is directly correlated to the amount of votes each liquidity pool receives through the** [**PancakeSwap Voting Gauge**](https://pancakeswap.finance/gauges-voting?chain=bsc). Essentially, more votes translate to more CAKE emissions for liquidity providers, which subsequently results in higher APR for depositors. This mechanism is designed to attract more liquidity, thereby fostering user participation and deepening liquidity as users benefit from increased CAKE rewards.

## **Cakepie’s veCAKE Voting Market** <a href="#id-7fa1" id="id-7fa1"></a>

Many protocols across DeFi are interested in securing voting support from veCAKE holders in order to gain CAKE emissions for their users through PancakeSwap. As the top veCAKE holder and a core supporter of the veCAKE design, Cakepie has launched the veCAKE Voting Market. [This feature opens up opportunities for veCAKE holders](https://www.pancake.magpiexyz.io/vecake-bribe) as it creates a pathway for protocols to directly incentivize their voting support and participation within the PancakeSwap ecosystem.

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/1*xp5zXEbGbwNwzVB-nS69vg.png" alt="" height="394" width="700"><figcaption><p><a href="https://www.pancake.magpiexyz.io/vecake-bribe">Select the “veCAKE Voting” tab to access the veCAKE Voting Market</a></p></figcaption></figure>

## **The “Vote” tab** <a href="#id-2b44" id="id-2b44"></a>

In the “Vote” tab, veCAKE holders can view different gauges and the amount of voting incentives allocated to each gauge during the current epoch. Users can decide which gauge to support with their veCAKE. **Upon selecting a gauge,** [**voters will be redirected to the PancakeSwap Voting Gauge to allocate their votes**](https://pancakeswap.finance/gauges-voting?chain=bsc). veCAKE voters will be able to claim voting incentives on different networks, according to where ecosystem partners allocate the rewards.

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/1*HkMXo2sj5UXdGVWbcCAFyg.png" alt="" height="394" width="700"><figcaption><p><a href="https://www.pancake.magpiexyz.io/vecake-bribe">Use the “Vote” tab to see available voting rewards in the current epoch</a></p></figcaption></figure>

## **The “Add Voting Incentives” tab** <a href="#id-6cca" id="id-6cca"></a>

Different protocols are able to enter Cakepie’s veCAKE Voting Market to deposit voting rewards and encourage users to give them voting support. **In order to add voting incentives via Cakepie for veCAKE voters, protocols must use the “Add Voting Incentives” tab**. Protocols can easily select the pools they want to provide incentives for and deposit the rewards they want to provide accordingly. Ecosystem partners are able to deposit voting incentives via BNB Chain, Arbitrum and Ethereum. Note that the liquidity pairs can be deployed on one specific network and the voting incentives can be deposited using another network.

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/1*vjN_rtHUVmtKHVhggze8DA.png" alt="" height="394" width="700"><figcaption><p><a href="https://www.pancake.magpiexyz.io/vecake-bribe">Use the “Add Voting Incentives” tab to deposit rewards for voters</a></p></figcaption></figure>

Now, veCAKE holders can monetize their voting power by voting for different liquidity pools through PancakeSwap’s Voting Gauge, with the opportunity to enter [Cakepie’s claim page](https://www.pancake.magpiexyz.io/claim) and collect voting incentives provided by ecosystem partners in exchange for their support. **At the end of each epoch, voters will automatically be eligible to share the rewards corresponding to the specific liquidity pairs they decide to vote fo**r. If users use their veCAKE to direct CAKE emissions for a pair, their share of incentives will be proportional to the percentage of total veCAKE votes their participation represents. Please note that voters don’t need to use Cakepie’s Voting Market to allocate their veCAKE votes, but they will need to enter Cakepie’s “Claim” page to collect their incentives accordingly.

## **Note:**

* 20% of the incentives added to Cakepie’s veCAKE Voting Market will be allocated to Cakepie’s vlCKP Voting Market for the same pool
* Unclaimed voting incentives for veCAKE voters will be accumulated and claimable in future epochs
* veCAKE voters on PancakeSwap need to check and claim their corresponding incentives on Cakepie


# PancakeSwap IFOs Access

Join PancakeSwap IFOs through Cakepie

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/zZAWh1Zjij2DidU0ktbc/image.png" alt=""><figcaption></figcaption></figure>

As the top veCAKE holder, with an accumulation of over 11 million locked CAKE tokens, Cakepie gains access to participate in upcoming IFOs from PancakeSwap. Having such a substantial quantity of veCAKE enables Cakepie to share a considerable amount of the token sales.

## Who can participate in upcoming IFOs through Cakepie?

The IFO access is shared between mCAKE Stability Vault participants from Cakepie. When PancakeSwap hosts an IFO, mCAKE SV participants will be able to contribute CAKE tokens via Cakepie’s IFO page.

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/l6aG9VVArlJKjHr7pjEI/Screenshot%202024-01-16%20at%2010.04.59%20AM.png" alt=""><figcaption></figcaption></figure>

**Note:** mCAKE SV in cooldown does not qualify for IFO allocation.

The number of CAKE tokens that can be committed by mCAKE SV participants will be calculated based on their mCAKE locked in the mCAKE Stability Vault. For instance: “User A” holds 3,000 mCAKE locked in the Stability Vault, representing 10% of the total mCAKE in the Stability Vault. Therefore, he can commit a proportional CAKE amount to acquire 10% of the total tokens acquired by Cakepie at IFO.<br>


# Governance

Decision-making on the Cakepie Ecosystem

## The Cakepie Governance Forum

As part of the SubDAO Model from Magpie, Cakepie utilizes Magpie's Governance Forum.

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/NZ7FdpYbsZ8LA5FxL720/Screenshot%202024-01-11%20at%201.43.32%20PM.png" alt="" width="356"><figcaption></figcaption></figure>

Users can join our [**Governance Forum**](https://gov.magpiexyz.io/) to suggest changes to our platform and take part in the discussion with other investors. The [**General Discussion** ](https://gov.magpiexyz.io/c/cakepie/2-general-discussion/27)channel and the [**Community Ideas**](https://gov.magpiexyz.io/c/cakepie/3-community-ideas/28) channel are created with the goal of fostering user participation. The core contributors of Cakepie will review users opinions and engagement within the forum to consider implementations moving forward.

In the [**Cakepie Improvement Proposals**](https://gov.magpiexyz.io/c/cakepie/4-cakepie-improvement-proposals-category/29) category, core contributors from Cakepie will post proposed changes to the platform. This allows the community to vote and decide whether to support the suggestions or not.&#x20;

## vlCKP holders are able to support or vote against the CIPs via [Snapshot](https://snapshot.org/#/cakepiexyz.eth).&#x20;

Snapshot is an off-chain voting platform that allows DAOs, DeFi protocols, or NFT communities to participate in decentralized governance.

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/pHsZb96eqJh69MBniBKh/Cakepie-CIP-Proposal.jpg" alt=""><figcaption><p>Vote with vlCKP</p></figcaption></figure>


# Reference

Disclaimer

Cakepie places a high priority on user safety and comfort. However, interacting with any decentralized finance smart contract is inherently risky. Prior to launching, our team conducted an extensive review of our smart contracts, and we also sought the expertise of skilled third-party auditors to pinpoint any potential system weaknesses or gaps.

It's important to recognize that there is still a possibility of losing all or a portion of your investment. We advise you to be cautious when using our platform and to operate within your personal risk tolerance limits.

Additionally, as Cakepie directly integrates with PancakeSwap, users should be aware of the risks associated with both platforms. We encourage you to thoroughly examine their documentation and fully understand the risks involved before engaging with Cakepie or PancakeSwap.


# Glossary

Tokens related to Cakepie and PancakeSwap

### CAKE

PancakeSwap's governance and reward token for liquidity providers. Cakepie allows CAKE holders to earn boosted rewards by converting their CAKE tokens into mCAKE. Users can stake mCAKE on Cakepie to earn high APR %. Cakepie automatically locks all the converted CAKE as veCAKE permanently on PancakeSwap while user earn active participation rewards with their mCAKE.

### veCAKE

veCAKE is accrued by locking CAKE on PancakeSwap. It is not transferable and is lost when unlocking CAKE. The higher a user's balance of veCAKE, the more they can boost their yields as liquidity providers on PancakeSwap and more voting power they control.

### mCAKE

mCAKE (Magpie CAKE) is minted by converting CAKE on Cakepie at 1:1 ratio. mCAKE can be staked on Cakepie to earn CAKE rewards.

### mCAKE SV

The mCAKE Stability Vault distributes more CAKE rewards than the normal mCAKE Staking Pool. Users can lock their mCAKE within the mCAKE SV to earn boosted CAKE, access other potential benefits and support Cakepie in the long term.

### CKP

Cakepie's governance token. Users can lock CKP as vlCKP to participate in governance and earn rewards for active user engagement.

### vlCKP

Vote-Locked CKP. Locked version of CKP. vlCKP holders control the voting power that Cakepie owns on PancakeSwap. Users can lock their CKP to receive vlCKP at 1:1 ratio. vlCKP holders can earn rewards from the platform and also have governance rights. Vote-Locked CKP holders can participate in the governance of PancakeSwap and Cakepie.


# How to use Cakepie

Learn how to use Cakepie

Cakepie is a state-of-the-art SubDAO created by Magpie to bolster the long-term sustainability of PancakeSwap. As a yield and veTokenomics service provider, Cakepie’s core mechanism involves locking CAKE tokens as veCAKE. This process allows Cakepie to secure enhanced yields and amplified governance power within PancakeSwap, serving up prime opportunities for DeFi users.

## **In this section you will learn:** <a href="#in-this-section-you-will-learn" id="in-this-section-you-will-learn"></a>

▫️ How to convert CAKE into mCAKE & stake

▫️ How to deposit & withdraw your assets

▫️ Claim Rewards

▫️ Lock and unlock CKP

▫️ Vote on the Cakepie Voting Market


# Convert CAKE into mCAKE

CAKE holders can convert their tokens into mCAKE to earn boosted APR % on Cakepie without any lockup period.

### 1. Enter [Cakepie](https://www.pancake.magpiexyz.io/stake)

### 2. Navigate to the "Stake" tab

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/qhcZv1Zm921KKEb5eGKe/Screenshot%202023-12-25%20at%209.25.08%20PM.png" alt=""><figcaption><p>Press "Stake" to see the mCAKE pool</p></figcaption></figure>

### &#x20;3. Select the "mCAKE Staking" pool

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/SofTtDaBo5ftT4r6WXaq/Screenshot%202023-12-25%20at%209.26.53%20PM.png" alt=""><figcaption><p>Select the "mCAKE" pool</p></figcaption></figure>

### 4. Approve the conversion from CAKE into mCAKE

* Select the amount of CAKE to convert
* Approve (Approve infinity can be selected in case that users want to convert more CAKE later)

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/gruQLCkxjshBd3HHM09v/Screenshot%202023-12-25%20at%209.36.01%20PM.png" alt=""><figcaption><p>Approve the conversion of CAKE</p></figcaption></figure>

### 5. Convert / Stake mCAKE

* Convert & Stake: Convert your CAKE into mCAKE and automatically stake your mCAKE on Cakepie to earn rewards for their active participation.

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/TPdvc7EtvlzHjzRGLmEp/Screenshot%202023-12-25%20at%209.41.08%20PM.png" alt=""><figcaption><p>Press "Convert &#x26; Stake" to automatically stake your CAKE as mCAKE</p></figcaption></figure>

### &#x20;6. Unstake mCAKE

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/Yf0wLn7TdbmkHejJjM54/Screenshot%202023-12-25%20at%209.45.11%20PM.png" alt=""><figcaption><p>Press "Unstake" and confirm the transaction</p></figcaption></figure>


# Create a Liquidity Pair on PancakeSwap & Deposit on Cakepie

PancakeSwap liquidity providers can automatically enhance their rewards via Cakepie without the need to lock any CAKE as veCAKE.

## 1. Enter PancakeSwap

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/fFQXF7CrBFIPnzUhfku3/Screenshot%202024-01-07%20at%2011.34.38%20PM.png" alt=""><figcaption><p>Press "Trade" to see "Liquidity" option  </p></figcaption></figure>

## 2. Create a Liquidity Pair on PancakeSwap

* Create a liquidity pair on: V3, Stableswap or V2.&#x20;

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/9nQjnD6bYItpU5lMS2Zq/Screenshot%202024-01-08%20at%2010.45.36%20AM.png" alt=""><figcaption><p>Select the "Liquidity" option, select V3 (or other) and press "Add Liquidity"</p></figcaption></figure>

## 3. Select what tokens you want to provide as liquidity.

* Deposit USDC and USDT.
* Select the Liquidity Range (Example Full Range)
* Enable USDC
* Enable USDT

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/YnrB9LqJQiPhsGIx5X2B/Screenshot%202024-01-08%20at%2010.46.00%20AM.png" alt=""><figcaption><p>Enable USDC</p></figcaption></figure>

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/8JiaNUItAsSiybpklaxx/Screenshot%202024-01-08%20at%2010.46.36%20AM.png" alt=""><figcaption><p>Enable USDT</p></figcaption></figure>

## 4. Add your Liquidity

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/aITvrp9Y6WVNWKLRpEO0/Screenshot%202024-01-08%20at%2010.47.01%20AM.png" alt=""><figcaption><p>Press "Add" to create your liquidity position</p></figcaption></figure>

After completing the steps above, users can proceed to stake their liquidity on Cakepie.

## 5. Enter Cakepie and select the Stake Tab.

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/O1opUoPc9RnEe9POicx2/image.png" alt=""><figcaption><p>Press "Stake" to see Cakepie's boosted liquidity pools</p></figcaption></figure>

## 6. Select a Liquidity Pair to deposit your assets.

After providing liquidity for a specific pair on PancakeSwap, users can deposit their liquidity on Cakepie's corresponding pools to maximize their CAKE rewards.

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/0fjICjPpsBXmCJ7AlCPp/5.png" alt=""><figcaption><p>Press "Approve"</p></figcaption></figure>

## 7. Stake your liquidity on Cakepie to maximize your passive income

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/A4CiB7j4gC0JVVzIBmn8/6.png" alt=""><figcaption><p>Press "Stake" to deposit your assets</p></figcaption></figure>

## 8. Users can select to unstake their liquidity from Cakepie

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/yII1EVn8lvJbAKSeScyo/7.png" alt=""><figcaption><p>Press "Unstake" to withdraw your assets</p></figcaption></figure>

## 9. Users can remove their liquidity directly through Cakepie

* Users must select the amount of total funds that want to remove

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/6fEzCGNCVOWa7H3avMez/Screenshot%202024-01-08%20at%2011.09.53%20AM.png" alt=""><figcaption><p>Press "Remove" to receive your tokens on your wallet</p></figcaption></figure>


# Lock CKP & Unlock

CKP holders can lock their tokens as Vote-Locked CKP (vlCKP) to earn rewards and participate in voting.

## **Lock CKP as vlCKP to get voting power and earn rewards**

### **1. Enter** [**Cakepie**](https://www.pancake.magpiexyz.io/stake)

### 2. Navigate to the "Stake" tab

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/kq9eP18AKTvcZUDNTaHm/image.png" alt=""><figcaption><p>Press "Stake" to see the vlCKP pool</p></figcaption></figure>

### 3. Select the "vlCKP" Pool

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/oTDK6lHEe8JSkTC7HX8w/Screenshot%202024-01-13%20at%206.32.00%20PM.png" alt=""><figcaption><p>Select the "vlCKP" pool to lock CKP</p></figcaption></figure>

### 4. Approve the lock up of CKP

* Select the amount of CKP to lock
* Approve (Approve infinity can be selected in case that users want to lock more CKP later)

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/4HymoOb7fTB9j6AepBsP/Screenshot%202024-01-13%20at%206.21.40%20PM.png" alt=""><figcaption><p>Approve the lock up of CKP</p></figcaption></figure>

### 5. Lock CKP as vlCKP

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/BOnaJHaUKuv7DORBcoaB/Screenshot%202024-01-13%20at%206.22.18%20PM.png" alt=""><figcaption><p>Press "Lock" to lock your CKP tokens</p></figcaption></figure>

### 6. Unlock vlCKP

* Users must "Start Unlock" to unlock their vlCKP
* Unlocking process lasts 60 days and is known as "Cooldown"

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/mkOfKaDBY4rpLvZh9jus/Screenshot%202024-01-13%20at%206.22.49%20PM.png" alt=""><figcaption><p>Press "Start Unlock" to unlock your Vote-Locked CKP</p></figcaption></figure>

## There are three states of vlCKP:

1. Lock State: By default, vlCKP is in the lock state and can vote on Cakepie/PancakeSwap governance, earn rewards for active participation, and vote via the Cakepie Voting Market to earn incentives.
2. Cooldown (or Unlocking) State: vlCKP enters the cooldown state once tusers start unlock. Users can choose the amount of vlCKP to start the unlocking schedule. During the cooldown state, vlCKP can only receive active participation rewards on Cakepie. It is not able to vote on Cakepie governance nor participate in the Cakepie Voting Market.
3. Expired State: Once the "Cooldown" period ends, vlCKP enters the expired state. In this state, vlCKP cannot perform any of the following actions: vote on Cakepie's governance, receive any rewards, or use the voting market on Cakepie. Rewards will still be entitled to expired vlCKP, but once a user claims them, the rewards will be forfeited and redistributed to all other vlCKP in the locked state. The forfeited portion is proportional to the amount of expired vlCKP and the duration of its stay in the expired state.


# The Cakepie Voting Market

Monetize you voting power

### 1. Enter [Cakepie](https://www.pancake.magpiexyz.io/bribe)

### 2. Navigate to the "Vote" tab

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2F3J91amywA4kRcAO2e1tX%2FScreenshot%202024-05-07%20at%201.57.40%20PM.png?alt=media&amp;token=2494a025-8b2e-47be-a531-3865d5ee5196" alt=""><figcaption></figcaption></figure>

### 3. Cakepie's veCAKE Dashboard

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2Frxb1NliY0DSHUZca1czv%2FScreenshot%202024-05-07%20at%201.59.43%20PM.png?alt=media&amp;token=8699c477-262c-437e-beb0-eccf35c63b9c" alt=""><figcaption><p>Here, users can view the number of votes each pair receives and the actual epoch time left for the votes snapshot to be taken</p></figcaption></figure>

### 4. Select a pair to vote for

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2FDA6z7WoBklvOpxFAF4bc%2FScreenshot%202024-05-07%20at%202.10.52%20PM.png?alt=media&amp;token=02f6608d-4084-4ec6-af7c-353a5323c9d6" alt=""><figcaption><p>Check different pairs to vote for</p></figcaption></figure>

### 5. Check the voting rewards APR you can get by voting for different pairs

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2FJWBMMKFsO5UgNLjnYBcM%2FScreenshot%202024-05-07%20at%202.16.39%20PM.png?alt=media&amp;token=b63933fa-1c22-4ccb-b8a7-aa79b1778421" alt=""><figcaption><p>Compare the APR you can get</p></figcaption></figure>

### 6. Check the total incentives amount in $ offered by each pair

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2FsrXFAiUKD1IYbkzChn5S%2FScreenshot%202024-05-07%20at%202.21.36%20PM.png?alt=media&amp;token=f779733c-03b7-4352-b51e-ac64b778f2a8" alt=""><figcaption><p>Incentives offered to voters</p></figcaption></figure>

### 7. Check the amount of votes allocated to each pair

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2Fvblv7GaEWJ9vJfR0MUcm%2FScreenshot%202024-05-07%20at%202.24.10%20PM.png?alt=media&amp;token=ecd027e8-0948-4261-bce4-afd6a83fd0a9" alt=""><figcaption><p>The amount of incentives offered is divided among the votes each pool gets</p></figcaption></figure>

### 8. Allocate your vlCKP votes

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2F2YDUYtGYe2uIxw6BzCtQ%2FScreenshot%202024-05-07%20at%202.25.42%20PM.png?alt=media&amp;token=b4b416b3-eac3-4dba-bd65-d10fd92b016c" alt=""><figcaption><p>Upon selecting a pair to vote for, you can specify the percentage of your vlCKP that you wish to allocate to each pair. Users can press MAX to allocate 100% of their vlCKP to a specific pool</p></figcaption></figure>

### 9. Open any pair to see reward details

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2FAX9xLI9KKBrUzlJLEHEU%2FScreenshot%202024-05-07%20at%202.28.44%20PM.png?alt=media&amp;token=56457710-2005-45a8-90d8-f968f711daa1" alt=""><figcaption><p>Check which token is being offered as rewards by each pair and on which network it is being offered. Users can press MAX to allocate 100% of their vlCKP to a specific pool</p></figcaption></figure>

### Note:

* Gauges weight voting is conducted every two weeks. The beginning of an epoch, just like the rewards distribution, is at 00:00 UTC every even Thursdays
* The amount of incentives offered by each pair is divided among the total votes received by each pair
* Users can vote for pairs on different networks and receive incentives in different networks
* Rewards are distributed bi-weekly and must be claimed on Cakepie's "Claim" tab. Users will receive their incentives within 48 hours after each epoch ends


# Smart Contracts

{% tabs %}
{% tab title="BNB Chain" %}

| Contract               | Address                                                                                                                                                            |
| ---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| eRC20FactoryLib        | [https://bscscan.com/address/0xd4f335311537FAF38c9Eed7247bF6167f86e0a1b](<https://bscscan.com/address/0xd4f335311537FAF38c9Eed7247bF6167f86e0a1b           &#xA;>) |
| CKP Token              | <https://bscscan.com/token/0x2B5D9ADea07B590b638FFc165792b2C610EdA649>                                                                                             |
| vlCKP                  | <https://bscscan.com/address/0x232594e7F0096ba7DDAbcD8689cB0D994694eb26>                                                                                           |
| CakeRush               | [https://bscscan.com/address/0x598859a2a90Fe70b90Ec17AB0A30Bab89Af892D5](<https://bscscan.com/address/0x598859a2a90Fe70b90Ec17AB0A30Bab89Af892D5     &#xA;>)       |
| pancakeStaking         | [https://bscscan.com/address/0xb47b790076050423888cde9EBB2D5Cb86544F327](<https://bscscan.com/address/0xb47b790076050423888cde9EBB2D5Cb86544F327     &#xA;>)       |
| mCake                  | [https://bscscan.com/address/0x581FA684D0Ec11ccb46B1d92F1F24C8A3F95C0CA](<https://bscscan.com/address/0x581FA684D0Ec11ccb46B1d92F1F24C8A3F95C0CA     &#xA;>)       |
| mCakeConvertorBNBChain | [https://bscscan.com/address/0xd214aba9e9668aE9E6554e02631753769449676a](<https://bscscan.com/address/0xd214aba9e9668aE9E6554e02631753769449676a     &#xA;>)       |
| masterCakepie deployed | [https://bscscan.com/address/0x74165b89fd8E9b91A109a4e71662f27EeBA61E98](<https://bscscan.com/address/0x74165b89fd8E9b91A109a4e71662f27EeBA61E98     &#xA;>)       |
| rewardDistributor      | [https://bscscan.com/address/0xC763aE21c68FAFF758f205d696acd7C874cC514d](<https://bscscan.com/address/0xC763aE21c68FAFF758f205d696acd7C874cC514d     &#xA;>)       |
| mCakeSV                | <https://bscscan.com/token/0x1d7928452009e03aF2E3a2B5931d5d5876Cb0C21>                                                                                             |
| mCakeSVRewarder        | <https://bscscan.com/address/0x9b40Df8adb36EC5D3761920B6aE4B3aAe7C424c5>                                                                                           |
| {% endtab %}           |                                                                                                                                                                    |

{% tab title="Arbitrum" %}

| Contract                 | Address                                                                                    |
| ------------------------ | ------------------------------------------------------------------------------------------ |
| proxyAdmin               | <https://arbiscan.io/address/0xA92ab160cb66d06974013A55b1F177B4aEAf7F12>                   |
| vote manager             | <https://arbiscan.io/address/0x371AeA9171E667708F4Ea6d59A21e87C082181d5>                   |
| bribe manager            | <https://arbiscan.io/address/0xA08d8e0aEe5929BcD6D72323A2EaCde4Cc951b71>                   |
| bribe reward distributor | <https://arbiscan.io/address/0xf83E4bd2765e1DD1Fe9552331A988E0F6A3Ec313>                   |
| IDO Reader ARB           | <https://arbiscan.io/address/0x400A8111Fce0F14454351155E2C01bB24aD02e1f#readProxyContract> |
| {% endtab %}             |                                                                                            |

{% tab title="Ethereum" %}

| Contract                 | Address                                                                                                                                                                    |
| ------------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| proxyAdmin               | <https://etherscan.io/address/0x4bb4f0604575e5953291737ab6275bd5722a1bCB>                                                                                                  |
| vote manager             | [https://etherscan.io/address/0xFa7a9Eb099cA14cD6A7600e384F72FF755f6A134](<https://etherscan.io/address/0xFa7a9Eb099cA14cD6A7600e384F72FF755f6A134					&#xA;bribeManager>) |
| bribe manager            | <https://etherscan.io/address/0x6808b1199635486Dc62D1954e6449b7c82b3624c>                                                                                                  |
| bribe reward distributor | <https://etherscan.io/address/0x076732017b95A98A618BC9eEc3523A0058366807>                                                                                                  |
| {% endtab %}             |                                                                                                                                                                            |
| {% endtabs %}            |                                                                                                                                                                            |


# Official Links

Official Links

**Website:** [**https://www.pancake.magpiexyz.io/stake**](https://www.pancake.magpiexyz.io/stake)​

**Twitter:** [**https://twitter.com/Cakepiexyz\_io**](https://twitter.com/Cakepiexyz_io)​

**Telegram Discussion:** [**https://t.me/Official\_MagpieMegaDao/101121**](https://t.me/Official_MagpieMegaDao/101121)

​**Medium:** [**https://blog.cakepiexyz.io/**](https://blog.cakepiexyz.io/)​

**Discord:** [**https://discord.com/invite/magpiexyz**](https://discord.com/invite/magpiexyz)


# Media Kit

Cakepie Brand Assets

{% hint style="info" %}
<https://drive.google.com/drive/folders/1V0BX0BL2u0QpDQVpksvwufyn9GSPgjI1>
{% endhint %}


# Security

Ensuring the security of the platform and the safety of funds is of utmost importance to Cakepie. You can view our audit reports here.

<figure><img src="https://content.gitbook.com/content/1XrtBsoNQSWbsBVSDBhB/blobs/z3jICGDRs99q8DV1Rm04/Security%20(5).png" alt=""><figcaption></figcaption></figure>


# BlockSec Audit

Cakepie has been audited by BlockSec

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*GRWk2IDyKDkfS-GU" alt=""><figcaption></figcaption></figure>

## BlockSec Audit Report:

### December 2023 <https://github.com/blocksecteam/audit-reports/blob/main/solidity/blocksec_cakepie_v1.1-signed.pdf>

### March 2025

<https://github.com/blocksecteam/audit-reports/blob/main/solidity/blocksec_magpie_cakepie_latest-signed.pdf>


# AstraSec Audit

Cakepie has been audited by AstraSec

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2FOW4KDfdpl27EViMo1O3v%2Fimage.png?alt=media&amp;token=7afec6c0-aa6e-46a8-ad3e-0b9533ee2021" alt=""><figcaption></figcaption></figure>

## AstraSec Audit Report: March 2025

[https://github.com/astrasecai/audit-reports/blob/main/AstraSec-AuditReport-Cakepie.pdf](< https://github.com/astrasecai/audit-reports/blob/main/AstraSec-AuditReport-Cakepie.pdf>)


# PeckShield Audit

Cakepie has been audited by PeckShield

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*GRWk2IDyKDkfS-GU" alt=""><figcaption></figcaption></figure>

## PeckShield Audit Report: December 2023

<https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Cakepie-v1.0.pdf>


# Voting Market Partners

Fill the form to potentially join Cakepie as a voting market partner

<figure><img src="https://407444007-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2F7ihSM6IPYcwTkUcAwvAM%2FVotign%20Market%20Partners.png?alt=media&amp;token=4dc97fbd-2f54-4d14-9348-2fa12af3a828" alt=""><figcaption></figcaption></figure>

[Apply Here](https://docs.google.com/forms/d/e/1FAIpQLSflPLF9TqvDqs2K31u_aKf-5qrksqTLeQvX8FgQZDaVmBBB7Q/viewform)

Cakepie controls a significant 37% of veCAKE in PancakeSwap, positioning itself to collaborate with other protocols using PancakeSwap as a liquidity hub. This collaboration is facilitated through the Cakepie Voting Market, where Cakepie offers voting support to protocols that reward vlCKP holders. This support increases CAKE emissions for these protocols proportional to the votes their pools receive. Protocols that are interested in optimizing their CAKE rewards on PancakeSwap, or those seeking to join the PancakeSwap liquidity pools or Voting Gauge, are invited to fill out the form to explore the opportunity of becoming a partner in the Cakepie Voting Market.


# Visão Geral da Cakepie

Visão Geral

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/3ukRwKwsMcp3WL3icDEG/Introducing-cakepie-bw.jpg" alt=""><figcaption><p><a href="https://www.pancake.magpiexyz.io/stake">Cakepie</a></p></figcaption></figure>

## O que é Cakepie?&#x20;

Cakepie é uma SubDAO avançada criada pela Cozinha da Magpie para aperfeiçoar a sustentabilidade a longo prazo do design do veCAKE da PancakeSwap. O objetivo principal da Cakepie é acumular tokens CAKE e bloqueá-los como veCAKE, ajudando a diminuir seu fornecimento circulante. Isso permite que a Cakepie capitalize a estrutura da PancakeSwap, otimizando o poder de governança e oferecendo oportunidades de renda passiva para usuários DeFi.&#x20;

Cakepie fornece uma plataforma para os usuários depositarem seus ativos e receberem automaticamente APR otimizados como provedores de liquidez. Ao mesmo tempo, oferece uma maneira eficiente para os eleitores da PancakeSwap obterem poder de voto e obterem renda passiva por meio do token CKP.&#x20;

Cakepie permite que os holders de CAKE da PancakeSwap obtenham APR alto sem qualquer período de bloqueio, convertendo seus tokens em mCAKE. Utilizando os princípios do modelo veCAKE, a Cakepie permite aos usuários maximizar suas recompensas de CAKE. mCAKE, desenvolvido pela Cakepie, é uma variante do token CAKE, concedendo aos usuários uma parcela substancial das recompensas de CAKE e maior flexibilidade dentro da Cakepie. Este sistema permite que os holders de CAKE convertam seus tokens em mCAKE na proporção de 1:1, ampliando assim seu potencial de renda passiva.&#x20;

Cakepie bloqueia todos os CAKE convertidos pelos usuários como veCAKE dentro da PancakeSwap, conduznido um grande acúmulo. Ao possuir o veCAKE, a Cakepie obtém acesso a maiores recompensas de CAKE e direitos de governança na PancakeSwap, facilitando assim uma renda passiva aprimorada e confiável para seus usuários.&#x20;

## O que é CKP?&#x20;

CKP é o token de governança e compartilhamento de receitas da Cakepie. Os usuários podem bloquear seus tokens CKP como Vote-Locked CKP (vlCKP) na proporção de 1:1.&#x20;

O Vote-Locked CKP, abreviado como vlCKP, concede aos holders do CKP oportunidades de renda passiva e direitos de governança na PancakeSwap e Cakepie. O poder de voto coletivo que a Cakepie acumula através da posse do veCAKE é distribuído entre os holders do vlCKP. Isto permite aos holders de vlCKP participar na tomada de decisões de governança da PancakeSwap e influenciar a distribuição das emissões de CAKE. Além disso, os usuários que possuem CKP com Vote-Locked são elegíveis para receber uma parte da receita da Cakepie e podem monetizar seu poder de voto por meio do Mercado de Suborno da Cakepie.


# Ecossistema Cakepie

Entendendo a Cakepie

### ▫️ Introdução

### ▫️ PancakeSwap


# Introdução

Como a Cakepie e a PancakeSwap trabalham juntas?

## Cakepie

Cakepie é uma SubDAO de última geração criada pela Magpie para reforçar a sustentabilidade de longo prazo da PancakeSwap. Como provedor de serviços de rendimento e veTokenomics, o mecanismo principal da Cakepie envolve o bloqueio de tokens CAKE como veCAKE. Este processo permite que a Cakepie garanta rendimentos aprimorados e direitos de voto ampliados dentro da PancakeSwap, servindo como uma camada de metagovernança, oferecendo oportunidades excelentes para usuários DeFi.

## PancakeSwap

PancakeSwap é um dos principais protocolos DeFi e funciona como uma DEX que abrange várias redes blockchain. A plataforma permite que os usuários executem negociações de criptomoedas diretamente, evitando a necessidade de intermediários ou instituições financeiras convencionais. PancakeSwap implementou o sistema veCAKE (Vote-Escrowed CAKE) para seu token de governança, CAKE, permitindo que os holders bloqueiem seu CAKE como veCAKE. Ao fazer isso, os usuários obtêm direitos de voto, uma parte da receita da plataforma e um APR% mais alto como fornecedores de liquidez. Para maximizar os benefícios do veCAKE, é necessário que os usuários bloqueiem seus tokens CAKE por até 4 anos.&#x20;

Como a maior plataforma da BNB Chain, a PancakeSwap é conhecida por seus três recursos principais: trade, rendimento e ganhos. Os usuários podem se conectar à PancakeSwap por meio de diferentes redes blockchains para fazer swap de seus ativos por outro. A plataforma permite que os usuários participem como provedores de liquidez com potencial para obter renda passiva.

### Cakepie: Adoçando a Cozinha Cripto

Cakepie traz uma solução que apoia a PancakeSwap para maximizar seu valor a longo prazo. O protocolo permite que os holders de CAKE obtenham renda passiva, fornece aos eleitores da PancakeSwap poder de voto eficiente e permite que os provedores de liquidez obtenham maior APR% sem a necessidade de bloquear tokens CAKE como veCAKE.&#x20;

Cakepie oferece aos holders de CAKE a oportunidade de ganhar recompensas substanciais convertendo seus tokens de governança (CAKE) em mCAKE. Os usuários podem fazer stake de mCAKE na Cakepie para ganhar uma participação maior na receita da plataforma na forma de tokens CAKE.&#x20;

Quando os usuários convertem seu CAKE em mCAKE, a Cakepie bloqueia automaticamente o CAKE convertido como veCAKE na PancakeSwap. Este mecanismo permite que os holders de CAKE ganhem maiores recompensas por meio do mCAKE, ao mesmo tempo que concede à Cakepie direitos de voto e aumento da APR% como provedor de liquidez dentro da PancakeSwap.&#x20;

Graças aos montantes de veCAKE da Cakepie, os provedores de liquidez podem depositar seus ativos na plataforma e ganhar recompensas CAKE maiores sem ter que bloquear qualquer CAKE como veCAKE por conta própria.&#x20;

O poder de voto acumulado pela Cakepie por meio de seu acúmulo de veCAKE é compartilhado entre os holders de vlCKP, permitindo-lhes participar da governança da PancakeSwap de maneira economicamente eficiente. CKP é o token de governança da Cakepie e pode ser bloqueado como vlCKP para acessar seus benefícios. Os holders de CKP com bloqueio de voto podem ganhar uma parte da receita da plataforma e influenciar a governança da PancakeSwap de forma eficiente, ao mesmo tempo que maximizam suas recompensas. Os usuários devem iniciar um período de desbloqueio de 60 dias para desbloquear totalmente o vlCKP de volta ao CKP.

### Como Cakepie beneficia a PancakeSwap?

* **Renda aumentada para holders de CAKE -** Os holders de CAKE têm a opção de converter seus tokens em mCAKE, permitindo-lhes receber uma parte da receita gerada pela Cakepie na forma de CAKE sem a necessidade de bloquear seus ativos.&#x20;
* **Expandindo uma base diversificada de usuários** - Provedores de liquidez avessos ao risco podem obter rendimentos mais elevados sem a necessidade de bloquear o CAKE e manter o veCAKE por conta própria. O acúmulo de veCAKE da Cakepie permite que a plataforma forneça automaticamente aos depositantes uma renda passiva aumentada.&#x20;
* **Reduzindo a barreira de votação** - Cakepie fornece um método com custo-benefício para adquirir direitos de voto na PancakeSwap, facilitado pelo veCAKE acumulado pela plataforma. Os usuários podem comprar tokens CKP e bloqueá-los na Cakepie como vlCKP. Isso permite que os usuários controlem o veCAKE acumulado pela Cakepie, concedendo-lhes o poder de influenciar efetivamente a governança da PancakeSwap e obter receita sem estarem sujeitos a um período de bloqueio de quatro anos.


# PancakeSwap

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/Ni3FFRP5rK92zlpRDNZB/magpie-partnership_pancake.jpg" alt=""><figcaption></figcaption></figure>

### O que é PancakeSwap?

PancakeSwap, a maior plataforma da BNB Chain, é uma DEX que facilita a negociação de criptomoedas em várias redes blockchain. Elimina a necessidade de intermediários ou instituições financeiras convencionais. A distinção da plataforma reside nas suas funcionalidades principais: permitir aos usuários negociar, votar, render e ganhar através dos seus serviços.

### O que é CAKE?

CAKE é o token de governança da PancakeSwap.

### O que é veCAKE?

veCAKE é uma versão bloqueada do token CAKE. Quando os holders de CAKE bloqueiam seus tokens como veCAKE na PancakeSwap, eles ganham acesso a direitos de governança, poder de voto e vantagens de renda passiva. PancakeSwap oferece múltiplas durações de stake para bloquear CAKE como veCAKE, de um mínimo de 7 dias a um máximo de 4 anos. Quanto maior o período de bloqueio, mais significativos serão os benefícios, e possuir mais veCAKE aumenta essas vantagens.

### Quais são os benefícios de ter veCAKE?

🔹 **Impulsionamento de Rendimento:** Uma das principais utilidades do veCAKE é permitir que seus holders obtenham rendimentos aumentados ao fornecer liquidez na PancakeSwap. As emissões aumentadas são proporcionais à duração do período de staking e à quantidade de CAKE bloqueado como veCAKE pelos usuários.

🔹 **Direitos de Governança:** veCAKE é fundamental para o sistema de governança da PancakeSwap. Os holders de veCAKE podem votar para influenciar a tomada de decisões e o desenvolvimento a longo prazo da PancakeSwap. O peso da votação é proporcional ao período de bloqueio e à quantidade de CAKE bloqueado pelos usuários. Bloqueio mais longo, mais peso de voto.

🔹 **Direcionando as Emissões de CAKE/ Ganhe Subornos(Bribes):** Holders de veCAKE podem também votar para alocar as emissões de CAKE em diferentes Pools da PancakeSwap.

🔹 **Compartilhamento de Receita:** Fazer hold de veCAKE na PancakeSwap permite aos usuários ganhar uma parte da receita gerada pela plataforma.

### Como a Cakepie pode apoiar a PancakeSwap?

A Cakepie identificou várias áreas onde pode ajudar a fornecer uma experiência DeFi mais eficiente para os usuários, ao mesmo tempo que apoia o desenvolvimento de longo prazo da PancakeSwap.&#x20;

🔹 Os provedores de liquidez não podem obter rendimentos aumentados sem bloquear tokens CAKE.

🔹Os votantes precisam ficar bloqueados por até 4 anos para obter benefícios consideráveis.&#x20;

🔹Os holders de CAKE não podem obter renda passiva sem bloqueio.


# Compartilhamento de Receita

Distribuição da Receita de CAKE

## Aqui está a distribuição da receita da Cakepie vinda da PancakeSwap:&#x20;

* 80% para Provedores de Liquidez.&#x20;
* 12% para Stakers de mCAKE.&#x20;
* 8% para holders de vlCKP.


# Tokens

Tokens do Ecossistema da Cakepie

Aqui estão os artigos desta seção:

{% content-ref url="/pages/Sy8ntkl1KF33hA70IUJy" %}
[CKP](/cakepie-pt-br/tokens/ckp)
{% endcontent-ref %}

{% content-ref url="/pages/UV6IihLWGW7YKP6xtSSA" %}
[mCAKE](/cakepie-pt-br/tokens/mcake)
{% endcontent-ref %}


# CKP

CKP é o token de governança da Cakepie

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/eSFFjZsTODPJRFhOqEhw/image.png" alt=""><figcaption><p>CKP Token</p></figcaption></figure>

Os tokens CKP podem ser bloqueados como vlCKP, o que permite que seus holders gerem renda com a plataforma, ao mesmo tempo que contribuem para os processos de tomada de decisão tanto da Cakepie quanto da PancakeSwap. vlCKP é essencialmente o token CKP em estado bloqueado. Os usuários que optam por bloquear seus tokens CKP no Cakepie recebem vlCKP (Vote-Locked CKP) na proporção de 1:1.


# Emissão de CKP


# Vote-Locked CKP

vlCKP

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/VMm92Jyy8hAawjP74b9m/image.png" alt=""><figcaption><p>vlCKP</p></figcaption></figure>

Vote-Locked CKP é a versão bloqueada do CKP. O poder de governança que a Cakepie adquiriu ao bloquear o CAKE como veCAKE na PancakeSwap é compartilhado e controlado pelos holders de vlCKP. Os usuários interessados em participar da governança da PancakeSwap podem comprar poder de voto com custo-benefício por meio do CKP e, ao mesmo tempo, obter um APR elevado.&#x20;

## Os usuários devem bloquear o CKP como vlCKP para:

* Ganhar participação na receita da Cakepie&#x20;
* Participar da governança da PancakeSwap e Cakepie&#x20;
* Influenciar as emissões dodeCAKE votando/Ganhar incentivos


# Distribuição do CKP

CKP vai ser distribuído da seguinte forma:

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/uBEVTZYXWmc2Oz4Figpq/Cakepie%20Info%20CKP%20IFO-02.jpg" alt=""><figcaption></figcaption></figure>

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/J9wiJhfsDLPbjxSD1Ktu/CKP%20Distribution%20Cakepie.png" alt=""><figcaption></figcaption></figure>


# Gráfico do CKP

Ferramentas para acompanhar o preço do CKP

[CoinMarketCap](https://coinmarketcap.com/currencies/cakepie-xyz/)

[CoinGecko](https://www.coingecko.com/en/coins/cakepie)

[GeckoTerminal](https://www.geckoterminal.com/bsc/pools/0x8b626acfb32cdad0d2f3b493eb9928bba1bbbcca)

[DexScreener](https://dexscreener.com/bsc/0x8b626acfb32cdad0d2f3b493eb9928bba1bbbcca)


# mCAKE

Versão do CAKE da Cakepie

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/yYPp4wgtT5hpKOREzaZr/image.png" alt=""><figcaption><p>Token mCAKE</p></figcaption></figure>

mCAKE refere-se a "Magpie CAKE", uma versão líquida do veCAKE que permite aos usuários obter uma renda passiva na Cakepie.&#x20;

Os holders de CAKE podem converter tokens em mCAKE na proporção de 1:1 na Cakepie para ganhar APR aumentado. Cakepie pega todos os tokens CAKE convertidos e os bloqueia na PancakeSwap para adquirir mais veCAKE. Isso, por sua vez, permite que a Cakepie forneça um APR aumentado para seus depositantes.&#x20;

O processo de remoção permanente de tokens de circulação é conhecido como ‘blackholing’ e não pode ser revertido. Os holders de mCAKE têm a opção de fazer swap de seus tokens por CAKE no mercado secundário.


# Entendendo mCAKE

mCAKE

## Convertendo CAKE em mCAKE

* Os usuários podem converter CAKE em mCAKE na proporção de 1:1 na Cakepie via BNB Chain.
* Quando os usuários convertem CAKE em mCAKE, a Cakepie bloqueia todos os CAKE convertidos na PancakeSwap como veCAKE, e esse processo é irreversível. (Os usuários poderão fazer swap de mCAKE por CAKE via DEX, mas seu CAKE convertido continuará bloqueado como veCAKE).

## Fazendo Stake de mCAKE

* Os usuários podem fazer stake de CAKE na CakePie para ganhar compartilhamento de receitas.
* Stakers de mCAKE também ganham  CKP depois do TGE de CKP


# Stake de mCAKE

Ganhe Renda Passiva com mCAKE

## **Staking de mCAKE**&#x20;

<figure><img src="https://cdn-images-1.medium.com/max/1600/1*dBFdfAtY7gJ5Fc2oy9nVCQ.png" alt=""><figcaption><p>Stake mCAKE</p></figcaption></figure>

Os holders de mCAKE agora têm a oportunidade de ganhar uma parte da receita da Cakepie. **Para começar a receber recompensas de CAKE, eles devem depositar seus ativos na pool de stake de mCAKE da Cakepie.** A Pool de Stake de mCAKE distribuirá 40% da parcela total da receita alocada ao staking de mCAKE.


# Cofre de Estabilidade do mCAKE

Bloqueie mCAKE para maximizar suas recompensas

## Cofre de Estabilidade de **mCAKE**

<figure><img src="https://cdn-images-1.medium.com/max/1600/1*yo5aLmXv6e1uM097GgQfQg.png" alt=""><figcaption><p>Lock mCAKE</p></figcaption></figure>

O Cofre de Estabilidade de mCAKE(Stability Vault) foi projetado para manter um APR% mais alto do que a Pool de Stake de mCAKE. Depois que o mCAKE é depositado no Cofre de Estabilidade, ele entra em um estado bloqueado e começa a acumular rendimentos. **Fazer stake de mCAKE no Cofre de Estabilidade é uma opção disponível para os usuários, com o objetivo de aumentar suas recompensas potenciais de CAKE e, ao mesmo tempo, apoiar a Cakepie no longo prazo**. Os usuários podem solicitar o desbloqueio de seu mCAKE a qualquer momento, mas devem aguardar um período de espera de 60 dias antes de poderem sacar seus fundos. É permitido um máximo de três períodos de espera simultâneos por usuário.

### Benefícios do Cofre de Estabilidade de mCAKE:

* APR mais alto que o normal no staking de mCAKE
* Acesso ao IFO da PancakeSwap


# Maximizando Benefícios da Cakepie

Entendendo a Cakepie

### O que é Cakepie?

Cakepie é um provedor de serviços de Rendimento & veTokenomics projetado pela Magpie para apoiar o desenvolvimento de longo prazo do PancakeSwap. Cakepie agiliza a maneira como os usuários podem maximizar a renda passiva com seus ativos e monetizar seu poder de governança no PancakeSwap.

### Como a Cakepie apoia a PancakeSwap?&#x20;

A PancakeSwap exige que os usuários bloqueiem seus tokens CAKE como veCAKE para participar da governança do protocolo e receber recompensas maiores como provedores de liquidez na plataforma. A Cakepie tem como objetivo bloquear o máximo possível de tokens CAKE para maximizar os benefícios do veCAKE na PancakeSwap e, em seguida, oferecer esses benefícios de volta aos usuários de uma forma mais flexível.

🔹 Recompensas Aumentadas para holders de CAKE

🔹 Recompensans de CAKE Aumentadas para Fornecedores de Liquidez

🔹 Poder de Votação e Compartilhamento de Receitas com Custo-Benefício eficiente para eleitores da PancakeSwap (Rendimento Real)

🔹 Diminuindo o fornecimento circulante de CAKE


# Recompensas Aumentadas para Holders de CAKE

Os usuários podem converter CAKE em CAKE para ganhar APR% aumentado no Cake Pie

## Recompensas Aumentadas para Holders de CAKE <a href="#boosted-rewards-for-pendle-holders" id="boosted-rewards-for-pendle-holders"></a>

Cakepie oferece aos holders de CAKE a oportunidade de aumentar a renda passiva convertendo seus tokens em mCAKE. Quando os usuários convertem seus tokens CAKE em mCAKE na Cakepie, a plataforma bloqueia automaticamente todos os CAKE convertidos como veCAKE na PancakeSwap enquanto fornece aos usuários tokens mCAKE que lhes permitem ganhar APR aumentado. Este mecanismo permite que a Cakepie possua poder de governança na PancakeSwap e obtenha benefícios de aumento de rendimento graças às suas participações no veCAKE. Os usuários podem fazer swap de mCAKE de volta por CAKE no mercado secundário.

## Recompensas de mCAKE: <a href="#mpendle-rewards" id="mpendle-rewards"></a>

* CAKE
* CKP (Depois do TGE)


# Recompensas de CAKE Aumentadas para Provedores de Liquidez

Os Provedores de Liquidez podem ganhar recompensas aumentadas na Cakepie sem bloquear nenhum CAKE

## Recompensas de CAKE Aumentadas para Provedores de Liquidez <a href="#boosted-rewards-for-liquidity-providers" id="boosted-rewards-for-liquidity-providers"></a>

Graças ao holding de veCAKE da Cakepie, os usuários podem depositar seus ativos na plataforma para obter maiores rendimentos de CAKE sem a necessidade de bloquear qualquer CAKE por conta própria. Basicamente, a Cakepie compartilha seus benefícios de aumento de rendimento com os provedores de liquidez do protocolo.


# Poder de votação com bom custo-benfício para usuários da PancakeSwap

Os usuários podem adquirir poder de voto na PancakeSwap com custo-benefício por meio do CKP

Os eleitores da PancakeSwap devem comprar e bloquear tokens CAKE como veCAKE por 4 anos para obter o máximo poder de voto, o que não é uma forma com custo-benefício de controlar o poder de governança.

## ​Cakepie oferece poder de voto com custo-benefício eficiente para eleitores da PancakeSwap:  <a href="#penpie-offers-cost-effective-voting-power-for-pendle-finance-voters" id="penpie-offers-cost-effective-voting-power-for-pendle-finance-voters"></a>

Os usuários podem bloquear seus tokens CKP como vlCKP para controlar o poder de voto que a Cakepie acumulou por meio de seu holding de veCAKE. Cada token CAKE que a Cakepie bloqueia na PancakeSwap fica bloqueado por 4 anos. Isso significa que todos os veCAKE da Cakepie possuem os maiores benefícios na PancakeSwap. Os eleitores da PancakeSwap podem comprar poder de voto de maneira econômica, adquirindo e bloqueando tokens CKP. Os usuários podem bloquear o CKP como CKP bloqueado por voto no Cakepie, permitindo uma participação eficiente na governança da PancakeSwap e ao mesmo tempo permitindo ganhar recompensas aumentadas com um período de bloqueio significativamente mais curto de apenas 60 dias.


# Diminuição do Fornecimento Circulante de CAKE

Cakepie ajuda a PancakeSwap a bloquear tokens CAKE como veCAKE

Quando os usuários convertem seus tokens CAKE em mCAKE, a Cakepie bloqueia automaticamente todos os CAKE convertidos como veCAKE na PancakeSwap enquanto os usuários obtêm o mCAKE. Este mecanismo diminui a pressão de venda do CAKE no longo prazo.


# O Mercado de Suborno da Cakepie

A platform for vlCKP holders to vote on PancakeSwap and earn incentives

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/BEbFC323qAiRlVde2ONc/Cakepie-Bribery-Market-Medium-post.jpg" alt=""><figcaption><p><a href="https://www.pancake.magpiexyz.io/bribe">Vote no mercado de suborno da Cakepie</a></p></figcaption></figure>

No ecossistema PancakeSwap, vários usuários e protocolos estão ansiosos para obter direitos de voto. No entanto, a exigência de comprar e bloquear tokens CAKE como veCAKE por até 4 anos para obter benefícios consideráveis representa uma barreira significativa.&#x20;

Para resolver isso, uma alternativa foi introduzida pela Cakepie, onde os eleitores agora podem optar por comprar e bloquear nossos tokens CKP como vlCKP por um período de tempo consideravelmente mais curto, participando da PancakeSwap com custo-benefício econômico. Isso levou ao estabelecimento do Mercado de Suborno da Cakepie.&#x20;

Este recurso inovador permite que os holders de tokens vlCKP desempenhem um papel fundamental na distribuição das emissões de CAKE entre as várias pools de liquidez na PancakeSwap. A adoção desta abordagem ajuda a reforçar a estabilidade duradoura da PancakeSwap, beneficiando as suas pools de liquidez, os fornecedores desta liquidez e os eleitores participantes.


# Voto

Distribua seus votos no Mercado de Suborno da Cakepie

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/erYOhZEOfEREzpxlG3T8/image.png" alt=""><figcaption><p>Selecione uma pool para alocar seu poder de voto de vlCKP </p></figcaption></figure>

Os holders de vlCKP têm a capacidade de direcionar facilmente seu poder de voto para sua pool preferida, um recurso que agiliza sua participação no processo de distribuição de recompensas da PancakeSwap. Esta abordagem inovadora simplifica a atribuição de recompensas de CAKE e faz isso com um período de bloqueio consideravelmente mais curto do que o modelo de veCAKE. Além disso, concede aos usuários a flexibilidade de distribuir seus votos entre vários grupos simultaneamente, garantindo uma experiência de votação mais versátil e eficaz. [Ao votar via Cakepie](https://www.pancake.magpiexyz.io/bribe), os usuários podem monetizar facilmente seu poder de voto.

### Observe: <a href="#id-96c6" id="id-96c6"></a>

Usuários podem votar para compartilhar subornos.


# Medidor de vlCKP

Verifique a distribuição de votos de vlCKP

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/CIGVecUL7i4eiFqlpM7A/image.png" alt=""><figcaption><p>Verifique como os eleitores de vlCKP alocaram o poder de voto do veCAKE da Cakepie</p></figcaption></figure>

O medidor vlCKP fornece uma representação visual de como o veCAKE da Cakepie é distribuído, o qual está sob o controle dos holders do vlCKP. Os holders de vlCKP podem votar no mercado de suborno da Cakepie para determinar as emissões CAKE para diferentes pools de liquidez.


# Benefícios

O mercado de suborno da Cakepie apoia o ecossistema PancakeSwap como um todo

### **1. Para os Protocolos:** <a href="#fe74" id="fe74"></a>

Os protocolos com liquidez hospedada na PancakeSwap podem oferecer subornos para obter uma parcela maior da emissão de tokens CAKE, obtendo apoio de voto dos holders de vlCKP. Isto pode levar a um aumento no valor total bloqueado nas suas pools. Quanto maior o número de votos que uma pool recebe, maiores serão as recompensas de $CAKE que ele acumula.

### **2. Para os Fornecedores Liquidez:** <a href="#b3b3" id="b3b3"></a>

Os depositantes da PancakeSwap têm a oportunidade de ganhar potencialmente um APR% maior em suas contribuições de liquidez usando a Cakepie sem ter que bloquear qualquer CAKE como veCAKE. Isto se deve às capacidades de aumento de rendimento do veCAKE da Cakepie e à alocação de votos pelos eleitores do vlCKP através do mercado de suborno da Cakepie.

### **3. Para eleitores da Governança da PancakeSwap:** <a href="#a147" id="a147"></a>

Os eleitores da PancakeSwap podem adquirir poder de governança com boa relação custo-benefício por meio do token CKP da Cakepie. **Ao bloquear o CKP como vlCKP, os usuários podem monetizar seu poder de voto na PancakeSwap.** Ao aproveitar o poder de voto do veCAKE acumulado pela Cakepie, os holders de vlCKP podem obter mais poder de voto. Consequentemente, eles ganham mais recompensas ao bloquear o CKP em vez do veCAKE, com o mesmo valor de investimento e um período de bloqueio mais curto.


# Adição de Subornos

Incentive os eleitores através do mercado de suborno da Cakepie

O Mercado de Suborno da Cakepie fornece uma interface de usuário simples para usuários ou protocolos para adicionar incentivos (subornos) aos eleitores.

<img src="https://3669480094-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2F1XrtBsoNQSWbsBVSDBhB%2Fuploads%2FbBP8u0Oo9auM9ZqoyN1u%2Fimage.png?alt=media&#x26;token=3c0e5afe-305a-4f97-84ad-02ffead735f1" alt="Selecione a guia “Adicionar subornos” para depositar seus incentivos para os eleitores" width="100%">

### Observe:

* Adicionar subornos não é o mesmo que votar.
* Os subornos são adicionados para incentivar os holders de vlCKP que alocam seus votos a um determinado par.
* Cada par listado no mercado de suborno da Cakepie é elegível para receber subornos.
* Subornos podem ser adicionados para incentivar os eleitores nas épocas atuais e futuras.

***

Carteira da Operação: \
0xA746B456A137Ac6acC413F3C16D3EF2eA2D0514C


# Acesso aos IFOs da PancakeSwap

Junte-se aos IFOs da PancakeSwap através da Cakepie

<figure><img src="https://1395019726-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRi5DcH6q4DB7nf3eOQBS%2Fuploads%2FJQKDz8lmZuSOdPcr5Ens%2Fimage.png?alt=media&amp;token=7e9d13ee-60f8-44df-80b5-6873866f15ba" alt=""><figcaption></figcaption></figure>

Como principal holder de veCAKE, com um acúmulo de mais de 6,8 milhões de tokens CAKE bloqueados, a Cakepie ganha acesso para participar dos próximos IFOs da PancakeSwap. Ter uma quantidade tão substancial de veCAKE permite que a Cakepie compartilhe uma quantidade considerável das vendas de tokens.&#x20;

## Quem pode participar dos próximos IFOs através da Cakepie?&#x20;

O acesso IFO é compartilhado entre os participantes do Cofre de Estabilidade de mCAKE (Stability Vault) da Cakepie. Quando a PancakeSwap hospeda um IFO, os participantes do mCAKE SV poderão contribuir com tokens CAKE através da página IFO da Cakepie.

<figure><img src="https://1395019726-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FRi5DcH6q4DB7nf3eOQBS%2Fuploads%2FIn814AJ2pijPUxEMsDVW%2Fimage.png?alt=media&amp;token=95a52a5b-59cc-429c-bfaf-893ab7afe126" alt=""><figcaption></figcaption></figure>

**Nota**: mCAKE SV em cooldown não se qualifica para alocação IFO.

O número de tokens CAKE que podem ser comprometidos pelos participantes do mCAKE SV será calculado com base em seus mCAKE bloqueados no mCAKE Stability Vault. Por exemplo: “Usuário A” mantém 3.000 mCAKE bloqueados no Stability Vault, representando 10% do total de mCAKE no Stability Vault. Portanto, ele pode comprometer um valor proporcional de CAKE para adquirir 10% do total de tokens adquiridos pela Cakepie no IFO.


# Governança

Tomada de Decisão no Ecossistema Cakepie

## O Fórum de Governança da Cakepie

Como parte do modelo de SubDAO da Magpie, Cakepie utiliza o Fórum de Governança da Magpie.

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/XnWGrHqb9RNN0o7g1Rnf/Screenshot%202024-01-11%20at%201.43.32%20PM.png" alt="" width="356"><figcaption></figcaption></figure>

Usuários podem entrar no nosso [**Fórum de Governança**](https://gov.magpiexyz.io/) **para** sugerir alterações em nossa plataforma e participar da discussão com outros investidores. O canal [**General Discussion** ](https://gov.magpiexyz.io/c/cakepie/2-general-discussion/27)e [**Community Ideas**](https://gov.magpiexyz.io/c/cakepie/3-community-ideas/28) são criados com o objetivo  de promover a paritcipação dos usuários. Os principais contribuidores da Cakepie analisarão as opiniões e o envolvimento dos usuários no fórum para considerar as implementações futuras.

Na Categoria [**Cakepie Improvement Proposals**](https://gov.magpiexyz.io/c/cakepie/4-cakepie-improvement-proposals-category/29), os principais contribuidores da Cakepie publicarão propostas de alterações na plataforma. Isso permite que a comunidade vote e decida se apoia ou não as sugestões.

## Holders de vlCKP estão aptos a apoiar ou votar contra os CIPs através do [Snapshot](https://snapshot.org/#/cakepiexyz.eth).&#x20;

Snapshot é uma plataforma de votação off-chain que permite que DAOs, protocolos DeFi ou comunidades NFT participem da governança descentralizada.

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/Rlf39IBlKjhjqF1hFyeE/Cakepie-CIP-Proposal.jpg" alt=""><figcaption><p>Vote com vlCKP</p></figcaption></figure>


# Referência

Isenção de responsabilidade

A Cakepie dá alta prioridade à segurança e ao conforto do usuário. No entanto, interagir com qualquer contrato inteligente de finanças descentralizadas é inerentemente arriscado. Antes do lançamento, nossa equipe conduziu uma extensa revisão de nossos contratos inteligentes e também buscamos a experiência de auditores terceirizados qualificados para identificar quaisquer possíveis deficiências ou lacunas do sistema.&#x20;

É importante reconhecer que ainda existe a possibilidade de perder todo ou parte do seu investimento. Aconselhamos que você seja cauteloso ao usar nossa plataforma e opere dentro de seus limites pessoais de tolerância ao risco.&#x20;

Além disso, como a Cakepie se integra diretamente à PancakeSwap, os usuários devem estar cientes dos riscos associados a ambas as plataformas. Encorajamos você a examinar minuciosamente a documentação e compreender totalmente os riscos envolvidos antes de se envolver com Cakepie ou PancakeSwap.


# Glossário

Tokens relacionado à Cakepie e PancakeSwap

### CAKE

Token de governança e recompensa da PancakeSwap para provedores de liquidez. Cakepie permite que os holders de CAKE ganhem recompensas maiores convertendo seus tokens CAKE em mCAKE. Os usuários podem fazer stake de mCAKE na Cakepie para ganhar uma alta porcentagem de APR. Cakepie bloqueia automaticamente todos os CAKE convertidos como veCAKE permanentemente na PancakeSwap enquanto o usuário ganha uma renda passiva com seu mCAKE.

### veCAKE

veCAKE é acumulado bloqueando CAKE na PancakeSwap. Não é transferível e é perdido ao desbloquear o CAKE. Quanto maior o saldo do veCAKE de um usuário, mais ele poderá aumentar seus rendimentos como provedores de liquidez na PancakeSwap e mais poder de voto eles controlarão.

### mCAKE

mCAKE (Magpie CAKE) é cunhado convertendo CAKE em Cakepie na proporção de 1:1. mCAKE pode ser colocado em stake na Cakepie para ganhar recompensas em CAKE.

### mCAKE SV

O Stability Vault (Cofre de Estabilidade) de mCAKE distribui uma parcela maior da receita do CAKE do que a Pool de Staking de mCAKE normal. Os usuários podem bloquear seu mCAKE dentro do mCAKE SV para ganhar recompensas em CAKE aumentadas, acessar outros benefícios potenciais e apoiar a Cakepie a longo prazo.

### CKP

Token de governança e compartilhamento de receitas da Cakepie. Os usuários podem bloquear o CKP para participar da governança e obter renda passiva.

### vlCKP

CKP bloqueado para voto. Versão bloqueada do CKP. Os holders de vlCKP controlam o poder de voto que a Cakepie possui na PancakeSwap. Os usuários podem bloquear seu CKP para receber vlCKP na proporção de 1:1. Os holders de vlCKP podem obter compartilhamento de receita da plataforma e também ter direitos de governança. Os holders de CKP com bloqueio por voto podem participar da governança da PancakeSwap e Cakepie.


# Como Usar a Cakepie

Aprenda Como Usar a Cakepie

Cakepie é uma SubDAO de última geração criado pela Magpie para reforçar a sustentabilidade de longo prazo da PancakeSwap. Como provedor de serviços de rendimento e veTokenomics, o mecanismo principal da Cakepie envolve o bloqueio de tokens CAKE como veCAKE. Este processo permite que a Cakepie garanta rendimentos aprimorados e poder de governança ampliado dentro da PancakeSwap, oferecendo oportunidades excelentes para os usuários DeFi.

## **Neste seção você vai aprender:** <a href="#in-this-section-you-will-learn" id="in-this-section-you-will-learn"></a>

▫️ Como converter CAKE em mCAKE & fazer Stake

▫️ Como depositar & sacar seus ativos

▫️ Reivindicar Recompensas

▫️ Bloquear e desbloquear CKP

▫️ Votar no mercado de suborno da Cakepie


# Converta CAKE em mCAKE

Os holders de CAKE podem converter seus tokens em mCAKE para ganhar % de APR aumentado na Cakepie sem qualquer período de bloqueio.

### 1. Entre na [Cakepie](https://www.pancake.magpiexyz.io/stake)

### 2. Navegue para aba "Stake"&#x20;

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/xg9XUn0RaL5f92U8Blo2/Screenshot%202023-12-25%20at%209.25.08%20PM.png" alt=""><figcaption><p>Aperter em "Stake" para ver a pool de mCAKE</p></figcaption></figure>

### &#x20;3. Selecione a pool de "Staking de mCAKE"

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/ysw0GUR8yyiR2TA7N2Lr/Screenshot%202023-12-25%20at%209.26.53%20PM.png" alt=""><figcaption><p>Selecione a pool de "mCAKE"</p></figcaption></figure>

### 4. Aprove a conversão de CAKE em mCAKE

* Selecione a quantidade de CAKE para converter
* Aprove (Aprovação infinita pode ser selecionada caso os usuários queiram converter mais CAKE depois)

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/Dojc9GBg3ahKPTx3GjVm/Screenshot%202023-12-25%20at%209.36.01%20PM.png" alt=""><figcaption><p>Aprove a conversão de CAKE</p></figcaption></figure>

### 5. Converta/Faça Stake de mCAKE

* Converta & Faça Stake: Converta seu CAKE em mCAKE e faça stake automaticamente de seu mCAKE na Cakepie para ganhar renda passiva.

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/RxCnA5k47HKvoh4hFIRE/Screenshot%202023-12-25%20at%209.41.08%20PM.png" alt=""><figcaption><p>Aperte "Convert &#x26; Stake" para fazer stake automaticamente do seu CAKE como mCAKE</p></figcaption></figure>

### &#x20;6. Retirando de mCAKE de Stake

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/nBGTpj0URauKn3G45pjW/Screenshot%202023-12-25%20at%209.45.11%20PM.png" alt=""><figcaption><p>Aperte "Unstake" e confirme a transação</p></figcaption></figure>


# Crie um Par de Liquidez na PancakeSwap & Deposite na Cakepie

Os provedores de liquidez na PancakeSwap podem aumentar automaticamente sua renda passiva por meio da Cakepie sem a necessidade de bloquear qualquer CAKE como veCAKE.

## 1. Entre na PancakeSwap

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/1g2vfZnGX2cTst5d4qUy/Screenshot%202024-01-07%20at%2011.34.38%20PM.png" alt=""><figcaption><p>Pressione "Trade" para ver a opção "Liquidity"  </p></figcaption></figure>

## 2. Crie um Par de Liquidez na PancakeSwap

* Crie um par de liquidez na: V3, Stableswap ou V2.&#x20;

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/WPY3GqcRqF5qpOhj3nNa/Screenshot%202024-01-08%20at%2010.45.36%20AM.png" alt=""><figcaption><p>Selecione a opção "Liquidity", selecione V3 (ou outro) e pressione "Add Liquidity"</p></figcaption></figure>

## 3. Selecione quais tokens você quer fornecer como liquidez.

* Deposite USDC e USDT.
* Selecione a Faixa(range) de Liquidez (Exemplo Full Range)
* Aprove o USDC
* Aprove o USDT

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/RverfNZI3vvd6NqTghaj/Screenshot%202024-01-08%20at%2010.46.00%20AM.png" alt=""><figcaption><p>Aprove USDC</p></figcaption></figure>

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/e1ryVTEbxD8TDJwCoYxJ/Screenshot%202024-01-08%20at%2010.46.36%20AM.png" alt=""><figcaption><p>Aprove USDT</p></figcaption></figure>

## 4. Adicione sua Liquidez

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/AIcL3DgV9zW4Cy0POorr/Screenshot%202024-01-08%20at%2010.47.01%20AM.png" alt=""><figcaption><p>Pressione "Add" para criar sua posição de liquidez</p></figcaption></figure>

Depois de concluir as etapas acima, os usuários podem fazer stake de sua liquidez na Cakepie.

## 5. Entre na Cakepie e selecione a página do Stake.

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/qDXdA6gYnUFjY1Awr6Ma/image.png" alt=""><figcaption><p>Pressione "Stake" para ver as pools de liquidez incrementadas da Cakepie</p></figcaption></figure>

## 6. Selecione o Par de Liquidez para depositar seus ativos.

Depois de fornecer liquidez para um par específico na PancakeSwap, os usuários podem depositar sua liquidez nas pools correspondentes da Cakepie para maximizar suas recompensas CAKE.

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/96irXJ1zEn1Er2lA53nV/5.png" alt=""><figcaption><p>Pressione "Approve"</p></figcaption></figure>

## 7. Faça Stake de sua liquidez na Cakepie para maximizar seu rendimento passivo

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/PJ9uU8RLhTkterQBbZ5J/6.png" alt=""><figcaption><p>Pressione "Stake" para depositar seus ativos</p></figcaption></figure>

## 8. Usuários podem selecionar para desfazer o stake de sua liquidez da Cakepie

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/PVZ8RbqsyiZMwUT1aiQT/7.png" alt=""><figcaption><p>Pressione "Unstake" para sacar seus ativos</p></figcaption></figure>

## 9. Usuários podem remover sua liquidez diretamente através da Cakepie

* Os usuários devem selecionar o valor total de fundos que desejam remover

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/xKjwCffCUJCr75RhUZAX/Screenshot%202024-01-08%20at%2011.09.53%20AM.png" alt=""><figcaption><p>Pressione "Remove" para receber seus tokens na sua carteira</p></figcaption></figure>


# Bloqueio & Desbloqueio de CKP

Os Holders de CKP podem bloquear seus tokens como Vote-Locked CKP (vlCKP) para obter renda passiva e participar da votação.

## **Bloqueie CKP como vlCKP para ter poder de voto e ganhar renda passiva**

### **1. Entre na** [**Cakepie**](https://www.pancake.magpiexyz.io/stake)

### 2. Navegue para a página de "Stake"

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/3J0dcZd2ztEC5w9dh8ro/image.png" alt=""><figcaption><p>Pressione "Stake" para ver a pool de vlCKP</p></figcaption></figure>

### 3. Selecione a Pool de "vlCKP"

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/72btZGNvqO1UmDTFMfJH/Screenshot%202024-01-13%20at%206.32.00%20PM.png" alt=""><figcaption><p>Selecione a pool de "vlCKP" para bloquear CKP</p></figcaption></figure>

### 4. Aprove o bloqueio de CKP

* Selecione a quantidade de CKP para bloquear
* Aprove (Aprovação infinita pode ser selecionada caso o usuári queiram bloquear mais CKP depois)

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/472i2hiuImO38XyRFnBr/Screenshot%202024-01-13%20at%206.21.40%20PM.png" alt=""><figcaption><p>Aprove o bloqueio de CKP</p></figcaption></figure>

### 5. Bloqueie CKP como vlCKP

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/OPtQXFJtox0HLqELHIuw/Screenshot%202024-01-13%20at%206.22.18%20PM.png" alt=""><figcaption><p>Pressione "Lock" para bloquear seus tokens CKP</p></figcaption></figure>

### 6. Desbloqueio de vlCKP

* Usuários devem clicar em "Start Unlock" para desbloquear seus vlCKP
* O processo de Desbloqueio dura 60 dias e é conhecido como "Cooldown"

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/gEVwtWUsWBGqGT9Jxlkz/Screenshot%202024-01-13%20at%206.22.49%20PM.png" alt=""><figcaption><p>Pressione "Start Unlock" para desbloquear seu Vote-Locked CKP</p></figcaption></figure>

## Existem três estados de vlCKP::

1. Estado Bloqueado: Por padrão, o vlCKP está no estado bloqueado e pode votar na governança da Cakepie/PancakeSwap, receber participação na receita da Cakepie e votar por meio do mercado de suborno da Cakepie para ganhar incentivos.
2. Estado de Cooldown (ou Desbloqueando): O vlCKP entra no estado de cooldown (espera) assim que os usuários iniciam o desbloqueio. Os usuários podem escolher a quantidade de vlCKP para iniciar o cronograma de desbloqueio. Durante o estado de espera, o vlCKP só pode receber participação na receita da Cakepie. Não pode votar na governança da Cakepie nem participar do mercado de suborno da Cakepie.
3. Estado Expirado: Assim que o período de “cooldown” terminar, o vlCKP entra no estado expirado. Neste estado, o vlCKP não pode realizar nenhuma das seguintes ações: votar na governança da Cakepie, receber quaisquer recompensas ou usar o mercado de suborno na Cakepie. As recompensas ainda terão direito ao vlCKP expirado, mas assim que um usuário as reivindicar, as recompensas serão perdidas e redistribuídas para todos os outros vlCKP no estado bloqueado. A parcela perdida é proporcional ao valor do vlCKP expirado e à duração de sua permanência no estado expirado.


# O Mercado de Suborno da Cakepie

Monetize seu poder de voto

### 1. Entre na [Cakepie](https://www.pancake.magpiexyz.io/bribe)

### 2. Navegue até a página de Bribe

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/MWCPuPNNGNwTZ4GoxSfP/Screenshot%202024-01-13%20at%206.02.39%20PM.png" alt=""><figcaption></figcaption></figure>

### 3. Painel de veCAKE da Cakepie

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/T30xvhPv2k36bBGQynNd/Screenshot%202024-01-13%20at%207.17.55%20PM.png" alt=""><figcaption><p>Aqui, os usuários podem ver o número de votos que cada par recebe e o tempo restante da época atual que resta para que o snapshot dos votos seja tirado</p></figcaption></figure>

### 4. Selecione um par para votar&#x20;

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/4bh3lxWdAI6TpCcWvV0y/Screenshot%202024-01-13%20at%206.58.52%20PM.png" alt=""><figcaption><p>Verifique diferentes pares para votar</p></figcaption></figure>

### 5. Verifique a APR dos subornos que você pode obter votando em pares diferentes

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/wtHlkWtu7TXgp9jeaGQ4/Screenshot%202024-01-13%20at%206.56.06%20PM.png" alt=""><figcaption><p>Compare o APR que você pode ter</p></figcaption></figure>

### 6. Verifique o valor total dos subornos em $ oferecidos por cada par

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/9bb31VuylavQQaM52AZk/Screenshot%202024-01-13%20at%206.56.48%20PM.png" alt=""><figcaption><p>Incentivos oferecidos para os votantes</p></figcaption></figure>

### 7. Verifique a quantidade de votos atribuídos a cada par

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/cIPsi46zoBdINE5kHfA8/Screenshot%202024-01-13%20at%206.57.11%20PM.png" alt=""><figcaption><p>O valor dos incentivos oferecidos é dividido entre os votos que cada grupo obtém</p></figcaption></figure>

### 8. Aloque seus votos de vlCKP

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/49Y0Rc2VndCogjOpPfDj/Screenshot%202024-01-13%20at%206.57.40%20PM.png" alt=""><figcaption><p>Ao selecionar um par para votar, você pode especificar a porcentagem do seu vlCKP que deseja alocar para cada par. Os usuários podem pressionar MAX para alocar 100% de seu vlCKP para uma pool específico</p></figcaption></figure>

### 9. Abra qualquer par para ver detalhes do suborno

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/M9iocrq4RZRaLBfd22nu/Screenshot%202024-01-13%20at%206.03.14%20PM.png" alt=""><figcaption><p>Verifique qual token está sendo oferecido como suborno por cada par e em qual rede está sendo oferecido. Os usuários podem pressionar MAX para alocar 100% de seu vlCKP para uma pool específico</p></figcaption></figure>

### Observe:

* A votação do peso dos medidores é realizada a cada duas semanas. O início de uma época, assim como o compartilhamento da receita, é às 00:00 UTC as quintas-feiras a cada duas semanas
* A quantidade dos incentivos oferecidos por cada par é dividido entre o total de votos recebidos por cada par
* Os usuários podem votar em pares de diferentes redes e receber incentivos em diferentes redes
* Os subornos são distribuídos quinzenalmente e devem ser reivindicados na aba "Claim" da Cakepie. Os usuários receberão seus subornos dentro de 48 horas após o término de cada época.


# Contratos Inteligentes

{% tabs %}
{% tab title="BNB Chain" %}

| Contrato               | Endereço                                                                                                                                                           |
| ---------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------ |
| eRC20FactoryLib        | [https://bscscan.com/address/0xd4f335311537FAF38c9Eed7247bF6167f86e0a1b](<https://bscscan.com/address/0xd4f335311537FAF38c9Eed7247bF6167f86e0a1b           &#xA;>) |
| CKP Token              | <https://bscscan.com/token/0x2B5D9ADea07B590b638FFc165792b2C610EdA649>                                                                                             |
| vlCKP                  | <https://bscscan.com/address/0x232594e7F0096ba7DDAbcD8689cB0D994694eb26>                                                                                           |
| CakeRush               | [https://bscscan.com/address/0x598859a2a90Fe70b90Ec17AB0A30Bab89Af892D5](<https://bscscan.com/address/0x598859a2a90Fe70b90Ec17AB0A30Bab89Af892D5     &#xA;>)       |
| pancakeStaking         | [https://bscscan.com/address/0xb47b790076050423888cde9EBB2D5Cb86544F327](<https://bscscan.com/address/0xb47b790076050423888cde9EBB2D5Cb86544F327     &#xA;>)       |
| mCake                  | [https://bscscan.com/address/0x581FA684D0Ec11ccb46B1d92F1F24C8A3F95C0CA](<https://bscscan.com/address/0x581FA684D0Ec11ccb46B1d92F1F24C8A3F95C0CA     &#xA;>)       |
| mCakeConvertorBNBChain | [https://bscscan.com/address/0xd214aba9e9668aE9E6554e02631753769449676a](<https://bscscan.com/address/0xd214aba9e9668aE9E6554e02631753769449676a     &#xA;>)       |
| masterCakepie deployed | [https://bscscan.com/address/0x74165b89fd8E9b91A109a4e71662f27EeBA61E98](<https://bscscan.com/address/0x74165b89fd8E9b91A109a4e71662f27EeBA61E98     &#xA;>)       |
| rewardDistributor      | [https://bscscan.com/address/0xC763aE21c68FAFF758f205d696acd7C874cC514d](<https://bscscan.com/address/0xC763aE21c68FAFF758f205d696acd7C874cC514d     &#xA;>)       |
| mCakeSV                | [https://bscscan.com/address/0x1d7928452009e03aF2E3a2B5931d5d5876Cb0C2](<https://bscscan.com/address/0x1d7928452009e03aF2E3a2B5931d5d5876Cb0C2     &#xA;>)         |
| mCakeSVRewarder        | <https://bscscan.com/address/0x9b40Df8adb36EC5D3761920B6aE4B3aAe7C424c5>                                                                                           |
| {% endtab %}           |                                                                                                                                                                    |

{% tab title="-" %}

{% endtab %}
{% endtabs %}


# Links Oficiais

Links Oficiais

**Website:** [**https://www.pancake.magpiexyz.io/stake**](https://www.pancake.magpiexyz.io/stake)​

**Twitter:** [**https://twitter.com/Cakepiexyz\_io**](https://twitter.com/Cakepiexyz_io)​

**Telegram Chat:** [**https://t.me/magpie\_portuguese**](https://t.me/magpie_portuguese)

​**Medium:** [**https://blog.cakepiexyz.io/tagged/portugu%C3%AAs**](https://blog.cakepiexyz.io/tagged/portugu%C3%AAs)​

**Discord:** [**https://discord.com/invite/magpiexyz**](https://discord.com/invite/magpiexyz)


# Media Kit

Ativos da Marca Cakepie

{% hint style="info" %}
<https://drive.google.com/drive/folders/1V0BX0BL2u0QpDQVpksvwufyn9GSPgjI1>
{% endhint %}


# Segurança

Garantir a segurança da plataforma e a segurança dos fundos é de extrema importância para a Cakepie. Você pode ver nossos relatórios de auditoria aqui.

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/wcJOX9kiNMlgj9390c7N/Security%20(5).png" alt=""><figcaption></figcaption></figure>


# Relatórios de Auditoria

Relatórios de Auditoria de Segurança da Cakepie

Cakepie foi auditada pela BlockSec e PeckShield

### Auditoria da BlockSec

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*GRWk2IDyKDkfS-GU" alt=""><figcaption></figcaption></figure>

Relatório da Auditoria da BlockSec:

<https://github.com/blocksecteam/audit-reports/blob/main/solidity/blocksec_cakepie_v1.1-signed.pdf>

## Auditoria da PeckShield

<figure><img src="https://miro.medium.com/v2/resize:fit:1400/0*vKhTT_VaUin2Q36r" alt=""><figcaption></figcaption></figure>

Relatório da Auditoria da PeckShield:

<https://github.com/peckshield/publications/blob/master/audit_reports/PeckShield-Audit-Report-Cakepie-v1.0.pdf>


# Parcerias no Mercado de Suborno

Preencha o formulário para ingressar na Cakepie como parceiro no mercado de suborno

<figure><img src="https://content.gitbook.com/content/Ri5DcH6q4DB7nf3eOQBS/blobs/6bkLMCvGmf7IZ0enSLcA/Cakepie%20Bribery%20market%20partners%20(1).png" alt=""><figcaption></figcaption></figure>

[Preencha o formulário aqui](https://docs.google.com/forms/d/e/1FAIpQLSflPLF9TqvDqs2K31u_aKf-5qrksqTLeQvX8FgQZDaVmBBB7Q/viewform)

A Cakepie controla significativos 37% do veCAKE daPancakeSwap, posicionando-se para colaborar com outros protocolos usando a PancakeSwap como centro de liquidez. Esta colaboração é facilitada através do mercado de suborno da Cakepie, onde a Cakepie oferece suporte de votação para protocolos que recompensam os holders de vlCKP. Este apoio aumenta as emissões de CAKE para estes protocolos proporcionalmente aos votos que os suas pools recebem. Os protocolos interessados em otimizar suas recompensas CAKE na PancakeSwap, ou aqueles que desejam ingressar nas pools de liquidez ou na Votação de Medidores da PancakeSwap, são convidados a preencher o formulário para explorar a oportunidade de se tornar um parceiro no mercado de suborno da Cakepie.


