Cakepieby
0x2084…0BE1
CIP#8 - Allocating 5% of Voting Market Incentives to Cakepie Treasury for Sustainable Development
Abstract
This proposal seeks approval from vlCKP holders to allocate 5% of voting market incentives to the Cakepie Treasury. The objective is to build a treasury reserve that can cover future operational expenses, increase platform sustainability, and enhance Cakepie’s safety margin against unexpected events. This allocation aligns with Cakepie’s commitment to providing long-term value and growth opportunities for its community and stakeholders.
Motivation
As Cakepie expands its role as a meta-governance layer within the PancakeSwap ecosystem, it’s essential to establish stable, diversified funding sources to ensure sustained development. Allocating 5% of voting market incentives (bribes) to the Cakepie Treasury would provide Cakepie with the financial resilience needed to respond dynamically to new opportunities and unforeseen challenges. The bribe fees accumulated in the treasury will be managed as a reserve, covering future needs such as deployment, operational, and marketing costs. To maintain flexibility, these funds will be periodically converted to stablecoins, BNB, ETH, and BTC. By strengthening the Treasury, we aim to enhance Cakepie’s ability to support growth initiatives and secure long-term viability, benefiting vlCKP holders and reinforcing Cakepie’s competitive positioning in the DeFi space.
Specification
Allocate 5% of voting market incentives to the Cakepie Treasury to support sustainable platform development and growth initiatives.
Off-Chain Vote
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- Author
0x2084…0BE1
- IPFS#bafkreie
- Voting Systemsingle-choice
- Start DateNov 07, 2024
- End DateNov 11, 2024
- Total Votes Cast968.34K vlCKP
- Total Voters44
Timeline
- Nov 07, 2024Proposal created
- Nov 07, 2024Proposal vote started
- Nov 11, 2024Proposal vote ended
- Nov 11, 2024Proposal updated