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CIP#8 - Allocating 5% of Voting Market Incentives to Cakepie Treasury for Sustainable Development

Voting ended about 1 year agoSucceeded

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

Yes, support!
22.32K vlCKP2.3%
No, don't support!
946.02K vlCKP97.7%
Download mobile app to vote

Timeline

Nov 07, 2024Proposal created
Nov 07, 2024Proposal vote started
Nov 11, 2024Proposal vote ended
Nov 11, 2024Proposal updated