The veCAKE model has always been unclear, the rewards are meager, and the subDAOs created unnecessary confusion. A simplified token with greater flexibility is ideal. I understand that a certain level of suspicion about vote manipulation (see CAKE locked for 4 years) can be unsettling, but from my point of view, a massive project like CAKE can’t be influenced by just any random person’s vote.
If the minds behind CAKE — and I hope they’re part of that exceptional team at Binance — have decided this is the path to follow, then only one decision remains: trust the devs. I’m confident that even if we can’t fully unpack all the incentives in the new model, they have a clear vision for how to move forward. Even CZ doesn’t agree with the veCAKE model.