@Cakepie are you having discussions with PancakeSwap team sir ?
2 Likes
Thank you for aligning for the CAKE benefit and not just looking for what is best for you! 
I agree with both atula and dimitris. You notice that working on cutting emmisions. And reducing revenue sharing for holders each time is the true reason why cake price dropped since 2021. You guys should think about how holders can start benefiting again from holding cake. This is what will make pcs strong again. Also i agree that this plan is again very vague i hope you will share im detail. What and how this âeasier and more efficientâ will be accomplished. Not just these vagie tetms wich could mean literally anything.
So my proposal. Start creating benefit for holders again wich was what made cake great in the first place.
1 Like
They are not traitors, they are aware of the high chances for the vote to pass given the current context. They preferred to hold some convos with kitchen in order to exit veCAKE properly, thatâs fair.
At that point letâs hope @Cakepie will also have constructive discussions with the kitchen.
1 Like
Itâs nice to see that the StakeDAO team has reached a settlement, it shows that there are people who care about the future of the CAKE token beyond just their own interests. Hopefully, Cakepie will also reach an agreement and bring this matter to a smooth conclusion 
1 Like
@ChefMaroon are you having conversations with @Cakepie team sir ? There are thousands of Cake supporters who invested in SubDaoâs which PancakeSwap team has been supporting.
2 Likes
This has to be a fake account. You were clearly against it in your response on Twitter.
Nope, they posted same article on their Twitter as well
So you support the Governance attack with the 25m locked Cake and the centralization of emissions that comes with it, eventough you were totally opposed to the proposal in your first Twitter post and acted like you were absolutely shocked by it!???
The Cake supply will increase by around 80m completely nullifying 2 years of locks and burns. The 4% yearly burn target will be completely meaningless in the forseeable future if you take the unlocks into account.
There wonât be any revenue sharing anymore and no staking/ locking option to reduce the sell pressure. Sell pressure will nuke the price. The Cake token wonât have any real utility anymore except for the burns and therefore comparable with any other farm and dump token. How could you possibly support such a bad proposal? Why the sudden 180 degree turn? Looks rather suspicious.
Provide one specific reason why and how this proposal benefits Cake holders?
1 Like
They must have offered you a big compensation for the dev costs among other benefits to support this ridiculous proposal since you were clearly against it in your first Twitter post just like CakePie. Who are you trying to fool? Very very dodgy 180 StakeDao!!
You canât even provide a single clear reason how this proposal benefits Cake holders or the ecosystem in general!? There are tons of reasons to stick to the ve Model. You clearly have ulterior motives otherwise you wouldnât have changed your mind.
1 Like
StakeDAOâs commitment is important. I expect similar agreement with Cakepie so we can all focus on future. We are at very beginning of the history of crypto assets so we cant find a perfect way in an immature environment. I think true decentralization in crypto is nearly impossible for coins other than bitcoin for now so we should focus on value rather than eliminating centralization. It is similar to Laissez-faire model at the beginning of capitalism which supports no government intervention but great depression showed government intervention and regulations are also must in capitalist system. Hence, surely not in bitcoin (as it relies on pure value like gold no new tech&progression is needed) but most probably in every DEFI project, a centralized governance is and will be needed for a quite long time to create value and adaptation in a changing world. We shouldnt forget even BNB,XRP and SOL are highly centralized coins so our first goal should be increasing use cases of Cake rather than having a true decentralized ecosystem. I think a CEX like web3 exchange similar to Hyperliquid or GMX would be a great move for Cake as there is high demand for anonymous trading in crypto space. Cake has an excellent history in safety and having ties with the biggest CEX can make Cake the biggest player here so in order to implement new&effective use cases we should let Cake team find a way to reach new ATHs for Cake value as it should be our sole goal in foreseeable future
What a bunch of nonsense! Cakepie already provided numerous valid reasons why the VE model is superior than a centralized farm and dump token without any real utility. This is the beginning of the end for PCs if this proposal passes. Their bad reputation will be completely destroyed if they use the 25m Binance/ Pcs owned Cake to manipulate the votes in their favour. They are the new FTX. Extremely shady tactics betraying their own stakeholders.
If 64M CAKE is unlocked, increasing the supply and lowering the price, we could burn more CAKE. Great proposal. Letâs lower the price and burn a ton of CAKE!
1 Like
Well its actually good time to unlock as noone is stupid enough to sell millions of cake below 1 billion mcap but if anyone wants to sell here, market will welcome..and lets be honest, do you actually believe Cz or cake team made this proposal to lower cake price here or they wanted to remove a situation that blocks cake price to increase..im sure everyone knows the answer
1 Like
Hi,
Since you mentioned that the tokenomic is complicated, I would say even this proposal is still complicated and hard for users to believe.
Why not make it much simpler?
Follow Binanceâs way.
Right now, stop emission of $CAKE. Letâs say $CAKE is capped at 450M. Then using fee generated by the platform to buy back and burn until $CAKE reach (supposed) 200M. Then stop the buy back and use part of the fee to share with $CAKE holders.
This will increase the demand for CAKE after some years.
Why so complicated?
2 Likes
Looking forward to hear from @Cakepie team for a deal with kitchen
1 Like
They want to direct more Cake emissions to private Binance owned LPs = millions $ more profit for them. Thatâs 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 thatâs 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. Itâs 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.
1 Like
Well as Cz is still the main holder in cake, if price crashes after this proposal he will be the main loser so i dont think this is the caseâŚmaybe partners were making more profit than they should be so they are crying but if cake price will be crushed dont worry he will lose more. I dont think Cz takes a step where he will be the main loser..we will see though i personally will buy lots if 70m unlockers sell recklessly as it will be the last chance to buy cheapest cake
1 Like