Create a Great Marketplace for incentivizing Voters

Till now veCake holders are not rewarded as they should be based on their voting power. There are two DAO for veCake holders which are not very popular and they have not many projects. Also unclaimed rewards are not distributed. There is a huge opportunity here for

  1. Peojects which will earn more votes
  2. VeCake holders who will earn more for their votes and will feel safe. Other DAOs are not trustful as PCS (some wallets show warnings when user use them)
  3. Pancakeswap which could earn rewvenue from a small percentage of incentives for proving the service
  4. Cake value since holding VeCake will provide more rewards and investors will buy and lock more!

Please create a great marketplace for incentives!

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hi sir! good proposal!

but until now, there are three bribery market to veCAKE:

Hidden Hand

Cakepie

Stake Dao

In addition to Cakepie’s bribery market through the native token CKP which controls the voting power of their veCAKE.

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I have already mentioned this and i wrote why they are not enough

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Hello everyone! I have read this proposal and I find it quite interesting, from the point of view that I follow it closely and I am a user - in addition to having Cake and veCAKE - I maintain blocked positions for various amounts, reaching the maximum allowed blockage of Cake by veCake and I can affirm and attest with everything already mentioned, that I had no idea of ​​the existence of vote management, much less this kind of delegation of votes or way of earning additional rewards.

I wanted to leave my testimony, even though I am only a user and I may be the exception, although I always knew about the existence of CakePie I never really paid attention to it and objectively speaking and being a Spanish-speaking user it was quite difficult for me to understand this new modality after the change and implementation of veCake.

I can say that in addition to the price of Cake, being a user of Pancakeswap for years, the existence of this modality that went completely unnoticed by me, worries me because I am an active user daily and for a long time, and I confuse Cakepie with some type of Apollo Finance type associate, it leads me to the question of why? At some point the information was not provided correctly, surely, because as I have already mentioned, I probably come from the v1 pool and practically from the beginning of pancakeswap, and I suggest agreeing with this approach since for an old user, already experienced with cryptocurrencies, owner of veCake for the next 4 years for values ​​​​over 2000+, I would be almost sure that something failed along the way, and I hope it was me.

A cordial greeting, hoping that things here improve, leaving my little great feedback. I’m sorry for my bad English.

you mentionated: “There are two DAO for veCake holders…”. DAO for veCAKE holders is a thing. Vo te incentives market is another thing. And the vote incentive market (bribes) has three and not just two. I didn’t go into the merits of whether it is enough or not. I’m just adding information about the quantity and what they are.

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hi sir! Thanks for the testimony. Do you consider that what was produced about this, such as articles on the blog, AMAs, announcements, was insufficient to provide this information to the user? Or do you think it’s another problem? Do you have any ideas on how we could improve this, perhaps publicize it better and make this more accessible to the community?

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Hello! Thanks for your answer.

Yes, I actually consider that it was insufficient since, as I already mentioned, I am a Spanish-speaking user and although I speak English at a medium-low level, I have even participated in the AMAs, I am constantly checking the blog, forum, ads, Twitter account, or Technical documents included, for some reason - I think it may be mainly the language gap, mainly - I totally escaped and went unnoticed what this thing about votes, delegation and rewards from third parties was as well.

Honestly, I have a lot of responsibility for not having been able to process the information well regarding this point, although I must also mention the fact that most of the information available and generated is in English, in addition to the fact that at the time due to the novelty and at the same time the difficulty that the changes in pancakeswap brought, I focused, for example, on moving to the new pool, correctly reviewing that and the veCake issue and really this issue being something, so to speak, “secondary” and even “optional” for me, again I say, It went unnoticed, however, it is not something that does not cause me interest and I am willing to participate in this.

What’s more, I immediately began to learn how it works thanks to the 3 articles that you mentioned above, however, I must also make clear what I already mentioned, the 3 articles are in English, and the truth is also despite In my case, I did manage to understand the process and how it works.

I am sure that the fact of the language alone leaves many users out, if we add the fact that it also requires a certain capacity for knowledge in operation of what it is. the pancakeswap platform itself and then that of the third party associated with the votes, another portion of people may also be left out.

Personally, as a suggestion, I am sure that this data can be tracked, and according to what is proposed, verify how much use it is being given by small or medium-sized investors, also individuals regarding the use of votes, also a survey is not It would be a bad idea, and although there is Cakepie as I also mentioned, in the end I did not pay enough attention to it because, for example, there are also many other third parties associated with different scenarios of using pancakeswap -Apollo Finance- so it may also happen that many Sometimes some things are confusing and people can misrepresent them and simply not understand how they work.

Returning to your initial questions, the clear answer is yes, I think there are things that are being missed, for a certain audience and target users that we could simply start with the Spanish-speaking users, we could continue with those who are not yet fully aware of the operation of The cryptocurrencies themselves, or those who already have knowledge, are basic and as we know, using pancakeswap requires a certain level of knowledge from now on due to the fact that it is a dex.

I also think that the vote delegation process could be somewhat simpler or more intuitive from the pancakeswap platform itself.

Something similar to what happened with Apollo Finance, which was finally used within the same platform even though one as a user could use or go directly to use it on their own platform, but finally it can be done directly from Pancakeswap if one so wishes.

Even so, I know that the pancakeswap team is working hard and putting in their greatest efforts and it is something that I will not fail to recognize and congratulate greatly.

Thank you again and best regards to all. And again, I’m sorry for my bad English, I’m still learning and I’m still only in the reading-writing phase.

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In my opinion Pancakeswap is a great DEX but the team does not have a data driven decision approach or an investor centric strategy. They do steps that they think that are essential and they do not see the numbers to understand what investors want. The main KPI I would check will be cake price comparing to BTC or BNB. This shows what people feel about PCS comparing major market coins.

Since 2021 price is correlated a lot to APR and this shows what people want from Cake.

Team seems to understand but they select to make it happen from third party incentives which is very smart since they keep the Ultra Sound Cake. Now that they have found something brilliant they do not take the opportunity to create a marketplace for incentives which would thrive but they are sending us to other DAOs like StakeDAO or Hiddenhand. (The reason I don’t mention Cakepie here is because Cakepie is not providing incentives to veCake holders but it provides to vlCKP holders and the bribes are very sweet indeed)

StakeDAO and Hiddenhand are not popular and less people know anything about them also their incentives are for only 5-10 pools which shows that even project does not know them.

If Pancakeswap create something like this correctly the awareness will be huge because they have very big community and then everyone will get high aprs



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I agree regarding a native bribes market. Personally, I have yet to partake in CakePie’s bribes because I prefer to hold veCAKE and as mentioned Hiddenhand and StakeDAO needs more pools.

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Hi friend! First of all your English is totally fine!

Second, thank you very much for bringing this to our attention. I am also just now learning of these extended options and I think it has to do more or less with rolling out the feature too fast and not highlighting the full range of benefits either as effectively as we should have or, we moved too quickly onto the next feature.

You mentioned that you speak Spanish natively and the articles are in English. If you’d like, I can quickly translate them as I have experience translating close to a dozen different languages and accurately at that.

Either way again thank you so much for your feedback. It is genuinely valuable.

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I’ve been aware of these kind of incentives/bribes just from being involved with holding a position on Radiant, But even then, I don’t really feel comfortable allocating a derivative of my product to a third-party I guess. It just seems excessive and like a potential liability as in the risks that way the benefits not to mention the headache of keeping track of it all.

You’re basically adding in just another platform that could possibly cause a liability To my understanding.

I’ll study up on it more, but I think that maybe it is something that can be salvageable and marketable however we need to really overhaul the third parties that we use for the bribery and stress that they prioritize safety and clear communication with pancakes swap so the users don’t feel their funds are being held by some random third-party

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Hiddenhand and StakeDAO incentives are getting less every epoch. This is so disappointing for all of us who locked for 4 years…

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