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PancakeSwapPancakeSwapby0x241dd7da7cf7E8753c79076aa5324bA809cDE7d50x241d…E7d5

Locked Staking Benefit and Burn by Reward Utilization

Voting ended about 3 years agoSucceeded

Hello,

The concept I will put forward is my idea on how locked stakers can benefit greater and contribute to a more robust PCS than what is currently available.

Idea: When a person attempts to lock their cake, they shall be given an option to utilize a portion of their earned rewards in a locked liquidity scheme, at the expense of % burn.

How it works: A person has chosen to lock their cake, and opt into the locked liquidity scheme. Below is how the persons assets will look.

Initial investment: Locked into staking pool Locked rewards: 60% is accrued back into the locked staking pool Liquidity scheme: 30% of locked rewards are locked into a liquidity pool of users choosing Burn: 10% of locked rewards are burnt as result of enabling the liquidity scheme.

How does this benefit PCS: This solution will bring multiple benefits to PCS.

  1. Users have the chance to split their investment between staking and liquidity farming.
  2. Users will be able to withdraw earnt cake from liquidity pool (only earning on the 30%, not the 30% itself).
  3. PCS liquidity pools will be bolstered by investors in the staking scheme.
  4. Locked staking pool APY will be higher as more people opt to split the rewards into liquidity pools.
  5. This will introduce a much needed burn mechanism in return for flexibility to the investor, making long term locking a viable option for more people.

(The % I use in the example are for presentation purposes, I wish the Chefs to read over it and form their best solution if viable.)

Off-Chain Vote

Yes
881.01K CAKEVOTE100%
No
11.34 CAKEVOTE0%
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Timeline

Jan 29, 2023Proposal created
Jan 29, 2023Proposal vote started
Feb 01, 2023Proposal vote ended
Oct 26, 2023Proposal updated