Make Syrup Pools Twice as long with Half the APR
I proposed this questions twice already, and since it failed, the price of CAKE if falling and will continue to fall to the $3 level if this issues is not addressed.
Once this GMT Syrup pool runs out, there will be a MASSIVE dump of CAKE coin to the $2-$3 price range.
This is because The syrup pools currently don't last long enough and pay out APR%'s that most investors know are no sustainabile.
The proposal is to slow the time the SYRUP POOLS pay out to prolong the duration of the SYRUP pools by 2x or 3x. This gives projects time to develop more, add more to their exisiing pools, and also gives PANCAKE SWAP to curate more projects at a slower pace to just over all in general make the APR's more sustainable and less prone to Pump and Dumps.
If we do not make this change immediately the Price of CAKE will fall to $1. I can guarantee you this.
Off-Chain Vote
Keep APR the same and continue Pancake Coin price DUMP to $2
16.62K CAKEVOTE78.3%
Slow the Syrup pool payout rate by half, which will lower the apr to 30%-40% apr BUT WILL MAKE SYRUP POOLS LAST TWICE AS LONG, HENCE ADDING MORE AND MORE POOLS
4.46K CAKEVOTE21%
Slow the Syrup pool payout rate by two thirds which will lower the APR to 20% - 30% But will let the syrup pools pay out over the cource of 6 monhts instead of 2, which will give teams more time to create projects and add to existing projects.
152.64 CAKEVOTE0.7%
Timeline
May 03, 2022Proposal created
May 04, 2022Proposal vote started
May 05, 2022Proposal vote ended
Oct 26, 2023Proposal updated