I suggest that the Recently staked Cake holders. Who own over 25% of vecake dominance use their gauge vote on the Vecake gauge and you will see the APR shoot up for holders of Cake and this will drive forward demand to lock more cake in staked positions. This is alternative solution especially if you feel you are waste cake emissions on specific pools.
Simply increase the vote to the VeCake Gauge and incentivize people to stake and this will increase demand and price for Cake.
Hey Hubert, this is a good comments but here is my thoughts.
The problem is not about Magpie but the inefficiency and complexity of VeModel. If it wasnât for Magpie those issues would have been raised anyway.
This would only hurt those projects further more and wonât fix issues from the inefficiency of the veModel. Therefore not fix the root cause of the problem the proposal is attempting to solve here.
Wether they are depegged or not is not what matter. The most important thing is to have an efficient way to direct $CAKE on pools that actually bring volume & burn $CAKE.
This is true but on the other hands a simpler tokenomic will onboard more holders, make the whole PancakeSwap ecosystem less complex, more efficient and more valuable to $CAKE holders.
They are currently part of the problem since they contribute to $CAKE emission to low volume pools instead of pools that bring value to the protocol
$CAKE holders wonât have any revenue stream but the burn will be more efficient and they will get less dilution. While at the same time benefit from perks like IFOs and Binance TGE. Making the ecosystem healthier
We ve already seen during this cycle veCAKE didnât reduce $CAKE selling pressure, $CAKE is currently trading at levels below the FTX collapse
If implemented this proposal will benefit $CAKE way more since product emission will be dropped by 43% & Ecosystem Growth by 50%. Those are huge dropped in selling pressure
This is what that new proposal is about as mentionned below 
good,agree it cakeeeeeeeeeeee
First encourage the community to invest in protocols that accumulate VeCake and then suddenly proposing to totally stop VeCake is a fraud. I hope the Chefs dont pass this proposal as this will create a huge trust issue with the community and the long term holders.
Take and zero out all the investments of people who invested in pancake through subdao! Simply brilliant. Just take the system from The exchange if you want the rewards to match the generated volume
I do not agree with this proposal. Vecake vote mechanism shouldnât be abolished but some tweak can be made to satisfy both sides.
Like many Cake fans have already expressed, I, too, am deeply saddened by the submission of such a low-quality proposal from the honarable Kitchen.
Reason 1: Collapse of Trust
After four long years, we finally emptied the old CAKE pool and are now in a position to reduce CAKE circulation. The reason Cakepie currently owns 25% of veCAKE is simply because it is backed by holders who supported CAKE even when PancakeSwap was struggling the most and the price of CAKE was at its lowest.
Now, without any form of compensation, the Kitchen is attempting to destroy Cakepie and other projects. If PancakeSwap releases v4 next, will there be any promising projects willing to build on it, trusting PCS again? With Uniswap available, why would anyone choose PCS?
And itâs not just about the projectsâPancakeSwap itself encouraged veCAKE. Cakepie was launched through an IFO. Are you now going to betray all the CAKE holders who trusted that and staked their CAKE? If so, who will trust CAKE next? Who will hold it?
Reason 2: Ineffective Utility
You mention improving CAKE utility, but in reality, how much profit have users actually seen from recent IFOs, especially those limited to just 3 BNB? The idea that this would help push CAKEâs price up is absurd. On the other hand, CAKE will definitively lose its utility as a source of bribes for gauge voting.
The Flexible Voting Proposal is completely nonsensical. I donât even feel itâs worth debatingâit simply contradicts what the previous veCAKE voting proposal proved. Without any verifiable numbers, anyone can claim anything. And in this case, thereâs no way to verify anything.
Reason 3: Increase in Circulating CAKE
This will happen. The CAKE that was previously locked in veCAKE will return to the marketâand of course, it will be sold. That is inevitable.
The existence of this proposal itself clearly reveals the biggest threat to CAKEâs price: the lack of proper governance. The idea that âCZ said soâ or âkitchenâs proposal got rejectedâ could suddenly reverse years of policy and destroy what has been carefully built upâthis represents a massive risk factor.
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 canât be influenced by just any random personâs vote.
If the minds behind CAKE â and I hope theyâre part of that exceptional team at Binance â have decided this is the path to follow, then only one decision remains: trust the devs. Iâm confident that even if we canât fully unpack all the incentives in the new model, they have a clear vision for how to move forward. Even CZ doesnât agree with the veCAKE model.
Again, change but okay this one looks like you finally experimented a lot and realized nothing works better than simple rules and clear tokenomics. The only concern I have is unlocking all tokens at onceâŚprice will be hit and all the user base trusting you will pay for that againâŚsame as in 2023. There are leveraged trades which will be liquidated quickly when you cannot absorb this impact. I believe you will not just unlock 60M tokens without rebuying them quickly to minimize the price impactâŚas said ppl locked their tokens for the long term and you will just slap their faces once again. Please explain more how you want to absorb this temporary oversupply on the market. Locking was a really bad idea from the beginning, so I´m glad we got rid of that.
I´m definitelly going to sell my unlocked cake not waiting like I did in 2023 and hoping for better price. Price will sink below 1usd and Iâm not going to do same mistake twice⌠fool me once your bad⌠fool me twice my bad so yes, I will vote for this but going to sell to protect my funds reducing amount of cake on my portfolio as it caused a lot of harm already. Will rebuy later maybe even cheaper.
One idea how to remedy this a bit. Motivate ppl holding cake, but instead of cake give them other benefits not increasing inflation e.g. platform discounts like lower fees for trading and swapping. Introduce 3 levels of tiers see nexo platformâŚthe more nexo token you have the cheaper you swap and get other benefits. No locking, users can leave the tier whenever he want.
With this proposal, PancakeSwap scammed CakePie SubDao users, and there are thousands of subdao investors who actively involve in ifos,tges etc..
If proposal accepted, any of them will again participate ifo ? tge ? Dont think so.
Mi opinion : soy holder con bloqueo a 4 aĂąos y estoy satisfecho de hacerlo. no estoy de acuerdo con el desbloqueo inmediato y no me gusta que alguien que bloquea 25 millones lo haga un antes de la propuesta se ve muy mal.
Creo que las personas que confiamos en $CAKE debemos demostrarlo.
Is there a compensation plan for builders who contributed to the veCAKE ecosystem for 18+ months? These dedicated supporters are effectively being removed from the ecosystem despite their significant contributions to PancakeSwap.
i just checked, was this proposal posted 7 days too late?
i think with this proposal out there, a rational person shouldnât sell CKP / SDT, etc, they should sell CAKE
like everyone of you who started investing in CAKE since 2020, iâve been f*ed by the protocol multiple times, this one is not gonna be the last one, if you still stick with CAKE, you know whatâs gonna happen
my life savings is your lesson
As said earlier I support this proposal for the benefits it could bring to $CAKE and PancakeSwap on the long run.
But the way things are going raises a deeper issue with PancakeSwap.
It seems PancakeSwap & $CAKE tokenomic are both changing at will depending on head Chefs vision and every time this happens, it hurts the community badly. The 2 biggest examples I have in mind are when Kitchen decided to reduce Cake pool emission & when they decided to sunset NFTs + Games (without any vote or noticing the community).
This brings real uncertainty for investors, making it increasingly difficult to trust PancakeSwap. Will the v4 hooks developers get screw up in the future by the Kitchen?
Given the way the Chefs are changing critical products and tokenomics, how can we be sure this wonât happen again in the future?
This is a serious issue that needs to be addressed @ChefMaroon @ChefBaby @cheffran
If these would be achieved then this proposal may work, otherwise it will be another disappointment:
1- After this proposal, all IFOs should be done with Binance partnership so we all will know all new IFOs will be valuable coins and will be listed in Binance simultaneously so no more nonsense coins that trap cake believers moneyâŚhence even Pancakesquad NFTs will be much more valuable..if you cant find coins to make IFOs with Binance just dont do any IFOs..we only want valuable IFOs as everyone in Binance knows if there is a launchpad in Binance it will be valuable thats why BNB came 700 USD from 1 USD..no more nonsense new coins to rain on Cake holders
2- Get CZs open and clear support for this proposal..as he once said he will spend more than 1 billion dollars to DEFI..if he will support this proposal and support cake v4 ecosystem financially and in terms of innovation and applications then this proposal will bring new heights to cake.
3- You may start a Pancakeswap decentralized exchange like Hyperliquid which is working like CEX but on chain with web3 wallets..it will attract so many traders who wants to trade anonymously and dont trust CEXs..look at defillama Hyperliquid earns 2-3 million dollars every day and if you can build it you can give lots of incentives for Cake holders like Binance gives to BNB holders
4-Consider building a Cake Chain as L2 under Binance Smart Chain so DEX trades will burn Cake instead of BNB
5- Revise %20 reduction target in supply in 5 years as its too low..we should be able to get 200-250m supply in 2030 and we may even get lower with an exchange and chain.
Thanks and i love Pancakeswap
long run? hearing that for last 4yâŚtired. long run is just used here to excuse incopetency.
Iâm tired too, been holding down only $CAKE for too long now. Radical changes are needed
Which tweak ? Itâs time to elaborate before veCAKE get rekt bro
Destroy the old model again, without even once trying to repair it. This is a very radical and childish decision that should not be allowed in such a serious company. There are many ways to use the VE model more effectively, look at SwapX or Thena. But you didnât even try to fix anything, you once again want to destroy everything and try again. After the previous time, Cake has just started to come to its senses, and if this proposal passes, the damage to the communityâs trust may already be irreparable and fatal. This time, you are hitting the most loyal audience and making their investments in subdao equal to zero.
