• © Goverland Inc. 2026
  • v1.0.5
  • Privacy Policy
  • Terms of Use
PancakeSwapPancakeSwapby0x9017dcB8ec4F9eAC9166dfe2C4fF7D84BB4d15470x9017…1547

Proposal: Add an unlock option with a penalty fee for locked CAKE holders

Voting ended over 2 years agoSucceeded

I propose to add an option for locked CAKE holders to unlock their tokens before the expiry date, but with a penalty fee that will be distributed to loyal CAKE holders who do not unlock their tokens. This will provide more flexibility and liquidity for locked CAKE holders, while also rewarding those who stay committed to the project.

The penalty fee should be proportional to the remaining lock time and the amount of CAKE unlocked. For example, if someone unlocks 100 CAKE with 6 months left in their lock period, they might pay a 10% penalty fee, which means they will receive 90 CAKE and 10 CAKE will be distributed to loyal CAKE holders. The exact formula and parameters for the penalty fee should be decided by the community.

This proposal will benefit both locked and unlocked CAKE holders, as it will create more demand and value for CAKE, while also allowing more participation in other PancakeSwap features, such as voting, IFOs, and lottery. It will also reduce the selling pressure when the lock periods end, as some locked CAKE holders might choose to unlock their tokens gradually instead of dumping them all at once.

I hope this proposal will receive your support

Off-Chain Vote

yes Add an unlock option with a penalty fee for locked CAKE holders
332.35K CAKEVOTE98.6%
No Dont Add an unlock option with a penalty fee for locked CAKE holders
4.77K CAKEVOTE1.4%
Download mobile app to vote

Timeline

Jun 10, 2023Proposal created
Jun 10, 2023Proposal vote started
Jun 17, 2023Proposal vote ended
Oct 26, 2023Proposal updated