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PancakeSwapPancakeSwapby0xDB7D0042CA8df5a2E964c4387297EDCE54Df08AF0xDB7D…08AF

Taking a bigger step to make CAKE deflationary.

Voting ended about 4 years agoSucceeded

currently the % of cake burned of all transactions on pcs is 0.05. this is in my opinion a wasted opportunity to burn more cake.

with a 100$ transaction this means a 0.05 cent burn.

my proposal is to increase this to either 0.15% or 0.20%.

this week we bought back 4.7M in Cake from the 9.4 billion dollars that went through pcs.

increasing this to 0.15 will be a 14.1M weekly burn increasing it to 0.20 will be a 18.8M burn

this ofcourse depends on volume of pcs.

this is also in my eyes a better and quick solution than keep lowering the emissions and cutting down the APY. most people wont notice paying 20 cents instead of 5. but the APY dropping 5% will shake people off.

also when pcs grows to be even bigger and have more total volume we could be deflationary faster than we think. and we wouldnt even have to keep lowering the emissions.

Off-Chain Vote

Increase it to 0.15%
10.44K 12.5%
Increase it to 0.20%
70.46K 84.5%
Dont increase it.
2.45K 2.9%
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Timeline

Oct 19, 2021Proposal created
Oct 19, 2021Proposal vote started
Nov 30, 2021Proposal vote ended
Oct 26, 2023Proposal updated