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PancakeSwapPancakeSwapby0x570a977847a1b98a2e23cc4CB05E71046d1234DE0x570a…34DE

Signaling proposal to reduce emission towards Staking

Voting ended almost 3 years agoSucceeded

Cake has been suffering towards a downward price action spiral which causes significant stress and pain to the community, the real cause for this is the inflationary state of $CAKE.

After the V3 launch the Farms APR and Emissions started to look more realistic in APR wise, the team is making a proposal to reduce emissions to Farms to improve towards achieve Ultrasound Cake (desinflationary state), still if this proposal succeed we will achieve a 2% extra of the goal reaching 71% status.

There is a big date event that would mean the 52 week locked $CAKE unlock in the coming weeks, this proposal goes toward creating a future framework before that users decide to Lock their tokens again.

The current emission model assign 191.557 CAKE daily towards Staking with an APR to Locked Staking of ~41.3% and a Flexible APR of ~1.93% and different APR for the different token partnership pools.

More CAKE doesn't mean more money, it's the balance towards emission/burn which will guarantee our success.

This proposal goes toward cutting in half the emissions to Staking and redirect them straight to burn

The new emission example would be ~95.778,5 CAKE to Staking, ~95.778,5 CAKE to Burn. The APR example would be: Locked staking ~20.65% APR, Flexible APR ~0.965%

The idea is to reach a consensus before the so called "big unlock" to happen to give transparency and freedom to users to take their desired actions.

If the proposal cause a better balance between emission/burn, improve price action and improve the mood of users towards Pancakeswap I would suggest to signal a proposal in 6/12 month to reduce emissions again improving our deflationary status and giving predictability to investors that believe in Pancakeswap for the long term.

Off-Chain Vote

Yes, Reduce emissions towards Staking and Burn them.
58.37K CAKEVOTE4.2%
No. Don't reduce emissions towards Staking.
1.33M CAKEVOTE95.8%
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Timeline

Apr 14, 2023Proposal created
Apr 14, 2023Proposal vote started
Apr 15, 2023Proposal vote ended
Oct 26, 2023Proposal updated