They want to direct more Cake emissions to private Binance owned LPs = millions $ more profit for them. That’s their main goal. They could easily improve the VE tokenomics and optimize the distribution of emissions if they were willing to cooperate with their partners but that’s not what they want. Cake price will collapse when this proposal passes because it will be nothing more than a farm and dump token without any real underlying utility. There is no real incentive to hold anymore. Not to mention their 4% burn target is totally meaningless and a laughable excuse since the supply will increase by around 80m Cake when all the Cakes get unlocked. It will take many years just to reduce the supply to where it is now. It’s basically just a controlled demolition out of pure greed just so Binance owned private LPs can extract more $ from Cake emissions before it will most likely go to zero without a real solid usecase for the token.
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