Unfortunately veCake shareholders will see their weekly rewards decrease by almost -40% (APR was 24% and now is 14%! ) next week
Everyone want to have deflation but with current Rate Deflation will be 4M per year which is almost 1% In the other hand If 4M Cakes where distributed to veCake Holders and keep Stable Total Supply then for every 1000 veCakes shareholders would earn 250 additional Cakes per Year which is +25% APR. What is better? 1% deflation or 25% APY for locked Cakes. I must be missing something or else I will be very disappointed…
Dear @ChefMochi please decide whether you want long term investors who are willing to lock their money long term and feel part of the project likes real project shareholders while earning passive income from PCS profit OR if you want dozens of short term investor who dream only for pumps and dumps.
Personally I believed so much on VeCake that I invested and have now 13500 veCakes and willing to lock 20.000 more but seeing now that the APR is decreasing so much and CKP will have much more APR I feel really sad.
This is project is so profitable and people who trust and believe are not rewarded enough…I hope you answer me and let me understand that we are in the same line and it wasn’t some misunderstanding by me