Looking at the data, CakePie only has 3% of all CAKE locked - hardly enough to reduce sell pressure. I’d rather see that CAKE going toward a guaranteed 4% burn and incentivizing quality projects.
The mCAKE peg sitting at 0.66 (a 40% deviation, not 15-30%) shows the system isn’t working. When users raise concerns about this widening gap, CakePie just says “be more patient” while minting more CKP to secure votes.
Your claim that SubDAOs “permanently remove CAKE from circulation” isn’t accurate - they create wrapped versions with serious peg issues. And when the peg deteriorates this badly, any price correlation becomes meaningless.
The proposal targets high-value pools that generate actual volume, making reduced emissions more efficient than the current system that wastes incentives on low-impact pools.
The tokenomics simplification addresses what many users want - a transparent system that delivers on its promises instead of complexity that benefits only a few.