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PancakeSwapPancakeSwapby0xf0bfb93B4389594cebec153153C84ec44bc7cE950xf0bf…cE95

Support lossless lottery for auto cake pool

Voting ended over 4 years agoSucceeded

Please see the reddit discussion thread: https://www.reddit.com/r/pancakeswap/comments/qc2gzu/community_vote_discussion_support_lossless/

Lossless lottery is a concept in which part of the profit generated in a pool will be automatically deposited into a lottery. A good starting documentation about the process can be found in the pool together protocol: https://docs.pooltogether.com/faq/general

When staking into the auto cake pool as a user I have the choice to stake a certain percentage of my APY gained directly into the lottery, allowing me to participate in the next drawing and potentially winning a huge pot without actually touching my basic balance.

Pros:

  • Increased burning of cake due to the 20% cut burned for lottery tickets
  • Positive feedback loop: greatly increases cake lottery price pool incentivising further usage.
  • Improving inflation fundamentals and tokenomics without mangling with staking apys or fees

Cons / Risk:

  • Changes made to the core auto cake vault needed
  • Opportunity to stake parts of their profit is not exercised by users

The lottery will be more prominently featured resulting in more cake being burned and an appreciation of cake value as well as some lucky people earning a good chunk of money if they are lucky. Some users will choose to stake (parts) their earnings in the lottery resulting in a bigger price pool. Even alone the cross linking and mentioning of the lottery on the staking page will lead to further exposure to the lottery.

Burning and capping CAKE supply are tools which have to be carefully managed, and simply exposing a hard cap does not make a coin deflationary or solve devaluation. Pancake swaps work with unlimited supply due to their tokenomics, but to retain their value additional usage opportunity have to be found (e.g. NFTs).

I am more than willing to help out either via consulting or programming related tasks if the pancake team approaches me as I see some value here and would like to see this feature implemented to move the ecosystem forward.

Please vote and make your voice heard. If you are against this proposal please comment and share your thoughts.

Off-Chain Vote

In favor
0.1 100%
Not worth it
0 0%
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Timeline

Oct 20, 2021Proposal created
Oct 20, 2021Proposal vote started
Nov 20, 2021Proposal vote ended
Oct 26, 2023Proposal updated