★ Flash-loanable voting weight
PancakeSwap's assessment for RD-F-036 — scored red on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.
Evidence summary #
Snapshot governance: 1 CAKE = 1 vote based on current wallet balance at snapshot block. No lock requirement, no checkpoint, no quorum required. veCAKE (time-weighted) retired May 2025 under Tokenomics 3.0, removing prior mitigation. Demonstrated in April 2025: 8 addresses locked ~25M CAKE (approx. 50% of unlocked supply) days before Tokenomics 3.0 vote — a direct voting manipulation event. No minimum quorum per docs.
Sources #
- DocsPancakeSwap GovernancePancakeSwap governance docs — 1 CAKE = 1 voting power; no quorum requirement; no delegationretrieved 2026-04-28
- CAKE Tokenomics Proposal 3.0Tokenomics 3.0 forum proposal — veCAKE retirement, governance model changeretrieved 2026-04-28
- PancakeSwap wars: half of CAKE voting power snapped up before new proposalProtos — PancakeSwap governance manipulation April 2025 — 8 addresses locked 25M CAKE before voteretrieved 2026-04-28
Methodology #
Determine whether governance voting power is a function of current token balance of a transferable token with no lock or checkpoint, making it flash-loan susceptible.
See the full factor methodology and distribution across all protocols →