Three major DeFi protocols—Pendle, PancakeSwap, and Balancer—have abandoned the vote-escrow (ve) tokenomics model, citing governance issues and economic inefficiencies. Pendle transitioned from vePENDLE to sPENDLE due to low participation rates and unprofitable liquidity pools. PancakeSwap shifted from veCAKE to a burn and direct staking model after governance manipulation by aggregators. Balancer is phasing out veBAL following governance hijacking and security breaches.
Pendle's new sPENDLE model introduces a 14-day withdrawal period and algorithmically managed issuance, aiming to improve profitability. PancakeSwap's Tokenomics 3.0 focuses on CAKE burns, targeting a 4% annual deflation. Balancer plans to redirect 100% of fees to its DAO treasury, eliminating emissions. These changes reflect a broader reevaluation of ve tokenomics, which has faced challenges like governance centralization and inefficient capital locking.
Pendle, PancakeSwap, and Balancer Abandon ve Tokenomics Amid Governance Challenges
Sorumluluk Reddi: Phemex Haberler'de sunulan içerik yalnızca bilgilendirme amaçlıdır. Üçüncü taraf makalelerden alınan bilgilerin kalitesi, doğruluğu veya eksiksizliğini garanti etmiyoruz. Bu sayfadaki içerik finansal veya yatırım tavsiyesi niteliği taşımaz. Yatırım kararları vermeden önce kendi araştırmanızı yapmanızı ve nitelikli bir finans danışmanına başvurmanızı şiddetle tavsiye ederiz.
