Listapie IFO Discussion Thread

Governance
3

Hi @KUWADA, thank you for raising your concerns. I will share from the Kitchen’s perspective.

  1. As explained in the Eigenpie IFO post, IFOs in the past had to go through a vote as it involved Farm emissions which were decided by governance. Now, we provide IFO projects with emissions from our Kitchen-controlled CAKE emissions and admin votes so a governance vote is not necessary. The Kitchen works hard to bring good IFOs to the PancakeSwap community, but if a user feels otherwise, he/she can choose not to participate.

  2. I think you might be mistaken. A 5x iCAKE:veCAKE ratio means for every 1 veCAKE a user has, he/she can now commit up to 5 CAKE in the IFO, as opposed to 1 CAKE if the ratio were 1x. The amount of LTP tokens you eventually receive will still be weighed against the rest of the CAKE commits in the IFO, and is not dependent on the iCAKE ratio.

  3. There was a miscommunication between Cakepie and us as they wrongly interpreted that they would also receive a 5x iCAKE ratio. We have maintained a 1x ratio for veCAKE Managers for the past 2 IFOs now, as data shows that it is more than sufficient. The goal of raising the iCAKE ratio for native veCAKE lockers is to increase the total amount of locked CAKE, which the Solv IFO managed to accomplish (that previous IFOs did not).

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