Hi everyone,
As part of PancakeSwap V4, the introduction of HOOKS is a major development. To support their rollout and ensure their success, I propose a community-driven funding approach.
The idea would be to raise a certain amount of capital (for example, $1 million) to finance and incentivize the adoption of HOOKS. Contributors to this funding round would be repaid at a fixed rate, determined in advance, over the next few years, through a combination of CAKE emissions and platform-generated profits.
This flexible funding model would not only support innovation but also reward the community for actively engaging in the project.
Also
I propose an alternative strategy to fund the operation of HOOKS and the V4 of PancakeSwap. Specifically, I suggest we reduce the CAKE allocation currently distributed in the lottery and activate quests in both the Prediction platform and the lottery game.
This approach is feasible and could attract as many players, if not more, than the lottery without the need to mint and distribute excessive amounts of CAKE. By saving on the distribution of CAKE in the lottery, we can allocate those funds to support the development of the HOOKS.
For more details on activating quests, check out my proposal here: Weekly Quests on PancakeSwap Prediction.
Taking these funds directly from the lottery will not impact the various communities that stake CAKE (like StakeDAO and CakePie) and will allow us to reach a conclusive vote quickly.
What are your thoughts on this two proposal?