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PancakeSwapPancakeSwapby0xDebFe4185232aAAf256B1EB5349cE501125F21300xDebF…2130

Introduce halvings to CAKE

Voting ended over 4 years agoSucceeded

CAKE is still too inflationary and reducing the emission by like 0.5 CAKE per block once a month imo is not enough. I understand that the developers are trying to protect the pool APYs but the performance of CAKE and the community feedback I see on Reddit tells me that we need quicker reductions.

I suggest to introduce halvings to CAKE. Automatically reduce the emission by 50% every 864,000 blocks (approx. once a month).

It's the Bitcoin halvings that initiate each crypto bull market and it has proven itself to be a working concept. It doesn't negatively affect the income of miners at all as the halvings result in an increasing price and I think the same will apply to the pool APYs. Farmers earn less CAKE but the price becomes higher, so the APY will fix itself. The only APY that could highly flactuate is of CAKE pools but we will see former farmers leaving or new farmers joining to fix this one as well. Also could we have community votings on adjusting the multiplier of CAKE pools to make these more profitable again.

Halvings would also help investors feeling more safe on their CAKE investment because they know exactly when the next reduction happens and how high this reduction is.

I think that CAKE is essential for PancakeSwap as a platform to survive and hence I highly suggest to put more effort into the success of the token.

Off-Chain Vote

YES
40.36K 96.4%
NO
1.51K 3.6%
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Timeline

Oct 31, 2021Proposal created
Oct 31, 2021Proposal vote started
Nov 07, 2021Proposal vote ended
Oct 26, 2023Proposal updated