Cakepie
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  • 📃Terms and Conditions
  • 📝Cakepie Overview
  • 🌐Cakepie Ecosystem
    • 📍Introduction
    • 🥞PancakeSwap
    • 💲Distribution Rewards for Active user engagement
  • 🪙Tokens
    • 🪙CKP
      • 🧑‍🌾CKP Emission
      • 🗳️Vote-Locked CKP
      • 🔓Unlock CKP
      • 🧮CKP Distribution
      • 📊CKP Chart
    • 🪙mCAKE
      • 🔦Understanding mCAKE
      • 🤖Smart CAKE Converter
      • 💰mCAKE Staking
      • ♎mCAKE Stabilty Vault
  • 🟤Cakepie Maximizing Benefits
    • Boosted Rewards for CAKE Holders
    • Boosted CAKE Rewards for Liquidity Providers
    • Cost-Effective Voting Power for PancakeSwap users
    • Decrease CAKE circulating supply
  • 🎪The Cakepie Voting Market
    • 🗳️Vote
    • 📊vlCKP Gauge
    • 🎟️Benefits
    • 💸Add Voting Incentives
    • 🥞The veCAKE Voting Market
  • 🛒PancakeSwap IFOs Access
  • ⚖️Governance
  • 🔍Reference
    • 💡Glossary
  • 🎮How to use Cakepie
    • Convert CAKE into mCAKE
    • Create a Liquidity Pair on PancakeSwap & Deposit on Cakepie
    • Lock CKP & Unlock
    • The Cakepie Voting Market
  • 📑Smart Contracts
  • 📡Official Links
  • 📽️Media Kit
  • 🔐Security
    • 📃BlockSec Audit
    • 📃AstraSec Audit
    • 📃PeckShield Audit
  • 🤝Voting Market Partners
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  1. Tokens

mCAKE

Cakepie's version of CAKE

PreviousCKP ChartNextUnderstanding mCAKE

Last updated 6 months ago

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.

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mCAKE Token