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PancakeSwapPancakeSwapby0xf2Fe797816BbF81B2ec8D7057Ea83de578600ea10xf2Fe…0ea1

Temporarily Freeze CAKE POOLS/ Price Recovery

Voting ended over 4 years agoSucceeded

I KNOW THIS SOUNDS CONTROVERSIAL BUT PLEASE READ CAREFULLY AND UNDERSTAND THE LONG TERM EFFECT!

I humbly suggest we temporarily freeze both CAKE POOLS on PancakeSwap. As recently seen the entire crypto market has been booming but CAKE seems to be going in the opposite direction in terms of price. As seen many decisions have been taken that have not been beneficial to CAKE.

Buy NFTs using BNB = Why not buy using CAKE?

Reducing the block amount of CAKE whilst introducing lower APRs throughout POOLS has also not been of any benefit.

The anount of CAKE being minted daily is reflected in the price of CAKE, which is steadily declining. Many other sites and DEXs are offering CAKE as rewards, there is currently 1 I am aware of offering over 300% APR in CAKE rewards, which definitely will not help boost the price considering the amount being minted, regardless of how much CAKE is getting burned, again which is not doing a whole lot for the price.

Instead I recommend introducing a wider variety of POOLS, with better APRs to stay competive.

Unless the dev team is able to chase down all these other sites from removing CAKE pools from their sites (reserving the right for only PCS to issue CAKE as rewards) the only way for the price is down.

As a community it is of utmost importance we get minting down to reasonable levels, for CAKE to ever reach the top 10 list. If dev team are unable to control who offers CAKE as rewards I suggest freezing CAKE POOLS for 1 month.

If after 1 month the price has recovered significantly, I suggest we unfreeze the CAKE POOLS and freeze again if and when necessary.

IF YOU THINK THIS PROPOSAL WAS USELESS PLEASE CREATE YOUR OWN PROPOSALS DISCUSSING HOW TO IMRPOVE THE CAKE PRICE!

Off-Chain Vote

FREEZE CAKE POOLS FOR 1 MONTH/ LETS SEE IF THIS WORKS
22.54 0.2%
DO NOT FREEZE CAKE POOLS/ DO NOTHING
1.38K 13.7%
FREEZE CAKE POOLS/ DEV NEEDS TO STOP OTHERS OFFERING CAKE
8.73K 86.1%
DO NOT FREEZE CAKE POOLS/ DEV NEEDS TO STOP OTHERS OFFERING CAKE
0 0%
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Timeline

Oct 31, 2021Proposal created
Nov 01, 2021Proposal vote started
Nov 15, 2021Proposal vote ended
Oct 26, 2023Proposal updated