Advance on Syrup Pool Auto Cake Rewards
Use smart contracts to allow holders to take an advance on their staking rewards.
Anyone who takes advantage of this can get 30 days worth of their rewards up front but their staked CAKE has to remain staked for 45 days.
The extra 15 days worth of CAKE produced gets burned or distributed to auto CAKE syrup pool.
A small fee of 1 CAKE would be paid for the service. (This could be burned as well)
When freeze time is done, contract releases their CAKE and they’re free to get another loan if they wish.
Off-Chain Vote
Heck yes, I want to be able to get an advance on my staking rewards and I want the 15 days of unpaid rewards to be burned.
3.78K 11.6%
Heck yes, I want to be able to get an advance on my staking rewards and I want the 15 days of paid rewards to be distributed to the Auto Cake Syrup Pool
28.65K 87.7%
No. This is the dumbest idea in history.
251.54 0.8%
Timeline
Sep 02, 2021Proposal created
Sep 02, 2021Proposal vote started
Sep 09, 2021Proposal vote ended
Oct 26, 2023Proposal updated