Discussion for Kitchen-Discretionary CAKE Emissions

Thank you for surfacing your concerns @mooni

With the launch of gauges voting, the veCAKE Pool is no longer the only source of yield for veCAKE holders.

With primary bribe marketplaces set up by some of our veCAKE Managers, veCAKE holders (including yourself) are able to vote for certain gauges every epoch and receive bribes (i.e. yield) in return. This is similar to what you mentioned: stake CAKE to get another coin.

Granted, you won’t be staking CAKE to earn CAKE, but you can always swap the bribe tokens to accumulate more CAKE (which we encourage!).

Regardless, this proposal should not affect the yield on the veCAKE Pool too significantly as we are proposing to cap it at 1% of the veCAKE emissions. We expect this proposal to be a net benefit to (ve)CAKE holders as the CAKE burn from captured volumes should outweigh the CAKE emissions distributed to the ad-hoc Farms.

2 Likes