Overview
Epoch 10 ended with 26,002,052 veCAKE votes, an increase from 25,800,684 in Epoch 9.
We appreciate the enthusiastic adoption of veCAKE, and would like to encourage community members and project teams to apply for gauges whitelisting here.
Kitchen’s veCAKE Votes
In Epoch 10, the Kitchen continued allocating veCAKE votes to core pairs, such as BNB-USDT and CAKE-BNB on the BNB Chain, ensuring optimal incentives for pairs driving protocol revenue.
These pairs contribute significantly to trading volumes and therefore, CAKE buyback-and-burn; by ensuring incentives continue to flow to these core pairs, we can continue on our path of ultrasound CAKE.
Kitchen-Discretionary CAKE Emissions
As this vote proposal was passed, the Kitchen now has up to 0.67% of all veCAKE emissions to be used for ad-hoc Farms. These are short-term Farms to capture TVL and volume for token pairs where community interest is high. We will track the additions and removals of these Farms in our Epoch Reports for greater transparency.
We started and ended a short term WETH-rsWETH Farm in response to high TVL in the pool.
We started 0.1x BONK and MASA Farms to display their high APRs on our Farms page, and will transition them to our Kitchen admin votes soon.
We started a short term XCAD-USDT Farm on opBNB to kick start some activity on the chain while providing some support to our long-term partner. We will be transitioning them to veCAKE votes in the next epoch.
| Name | Chain | LP Type | Fee Tier | Multiplier | CPD (now) | CPD (old) | Start Date | End Date | Volume (14D avg) | TVL |
|---|---|---|---|---|---|---|---|---|---|---|
| PEPE-BNB | BNB | V3 | 1.00% | 1x | 28.7 | 01 Apr 2024 | 12 Apr 2024 | 63,396 | 134,521 | |
| NMT-USDC | ETH | V3 | 0.25% | 1.5x | 30.4 | 02 Apr 2024 | 26 Apr 2024 | 215,450 | 1,074,632 | |
| NMT-WBNB | BNB | V3 | 1.00% | 0.1x | 2.6 | 02 Apr 2024 | 26 Apr 2024 | 99,999 | 144,150 | |
| WETH-rswETH | ETH | V3 | 0.05% | 0.8x | 20 | 09 Apr 2024 | 12 Apr 2024 | 2,777,909 | 15,779,250 | |
| BONK-USDT | BNB | V3 | 1.00% | 0.1x | 2.6 | 09 Apr 2024 | 09 May 2024 | 17,731 | 131,234 | |
| BONK-BNB | BNB | V3 | 1.00% | 0.1x | 2.6 | 09 Apr 2024 | 09 May 2024 | 6,452 | 39,040 | |
| XCAD-USDT | opBNB | V3 | 1.00% | 2x | 14.3 | 11 Apr 2024 | 26 Apr 2024 | 8,279 | 20,339 | |
| MASA-BNB | BNB | V3 | 0.25% | 0.1x | 2.6 | 12 Apr 2024 | 26 Apr 2024 | 465,552 | 342,574 | |
| MASA-ETH | ETH | V3 | 0.25% | 0.1x | 2.6 | 12 Apr 2024 | 26 Apr 2024 | 579,213 | 461,209 |
*CPD = CAKE emissions per day
Gauge Characteristics
Non-core gauges retained their 0.5% emissions cap, while core gauges retained their 25% emissions cap. Some non-core gauges have been whitelisted with higher emissions caps to account for their volume, TVL, and/or expected bribe amounts.
Gauge Applications
We received a number of applications in Epoch 10, and have made the following decision(s):
- Enabled XCAD/USDT (0.25% fee tier) V3 gauge on opBNB with 1x boost multiplier and 2% emissions cap
We are reviewing some of the applications, and will provide an update in the next Epoch Report.
Whitelisted Gauges
The Kitchen added more gauges to the whitelist, according to the table below.
We are either already in discussions with these project teams or have plans to onboard them as future veCAKE lockers and/or bribers.
| Gauge | Chain / Type | Fee Tier | Gauge Boost | Emissions Cap |
|---|---|---|---|---|
| USDC.e-GRAI | zkEVM ALM | 0.05% | 1x | 0.50% |
| MATIC-GRAI | zkEVM ALM | 0.25% | 1x | 0.50% |
| rBNB-WBNB | BNB ALM | 0.01% | 1x | 0.50% |
| WBNB-rBNB | BNB ALM | 0.01% | 1x | 0.50% |
| rETH-WETH | ETH ALM | 0.05% | 1x | 1.00% |
| USDT-CAKE | BNB ALM | 0.25% | 1x | 2.00% |
| USDT-WBNB | BNB ALM | 0.05% | 1x | 2.00% |
| WBNB-CAKE | BNB ALM | 0.25% | 1x | 2.00% |
| BTCB-USDT | BNB ALM | 0.05% | 1x | 2.00% |
| WETH-rswETH | ETH ALM | 0.05% | 1x | 5.00% |
| BNB-USDT | opBNB V3 | 0.05% | 1x | 5.00% |
| FDUSD-USDT | opBNB V3 | 0.01% | 1x | 1.00% |
| ETH-BNB | opBNB V3 | 0.25% | 1x | 5.00% |
| NMT-WBNB | BNB V3 | 1.00% | 1x | 2.00% |
| NMT-USDC | ETH V3 | 0.25% | 1x | 2.00% |
| WETH-rswETH | ETH V3 | 0.05% | 1x | 5.00% |
| XCAD-USDT | opBNB V3 | 1.00% | 1x | 2.00% |
| MASA-BNB | BNB V3 | 0.25% | 1x | 2.00% |
| MASA-ETH | ETH V3 | 0.25% | 1x | 2.00% |
| WBNB-CAKE | BNB ALM | 0.25% | 1x | 2.00% |
| USDT-WBNB | BNB ALM | 0.05% | 1x | 2.00% |
| USDC-USDbC | Base ALM | 0.01% | 1x | 2.00% |
| USDC-WETH | zkSync ALM | 0.05% | 1x | 2.00% |
| BTCB-CAKE | BNB ALM | 0.25% | 1x | 1.00% |
| ETH-CAKE | BNB ALM | 0.25% | 1x | 1.00% |
| ETH-USDC | BNB ALM | 0.05% | 1x | 2.00% |
| USDT-USDC | BNB ALM | 0.01% | 1x | 2.00% |
| USDT-WBNB | BNB ALM | 0.05% | 1x | 2.00% |
| mPENDLE-PENDLE | ARB StableSwap | 1x | 5.00% | |
| mdLP-dLP | ARB StableSwap | 1x | 2.00% | |
| USDT-WBNB | BNB ALM | 0.05% | 1x | 2.00% |
| CAKE-WBNB | BNB ALM | 0.25% | 1x | 2.00% |
| USDT-USDC | ETH ALM | 0.01% | 1x | 2.00% |
| WETH-USDT | ETH ALM | 0.05% | 1x | 2.00% |
| WETH-USDC | zkSync ALM | 0.05% | 1x | 2.00% |
| USDT-WETH | zkSync ALM | 0.05% | 1x | 2.00% |
| WETH-USDT | ETH ALM | 0.05% | 1x | 2.00% |
We are maintaining a publicly accessible Google Sheets of:
(i) Whitelisted Gauges
(ii) Gauges under consideration
You can find this information here.