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PancakeSwapPancakeSwapby0x295428FF68acdC12A60ddB089545b216dbd336C90x2954…36C9

Deploy Slot Machine via Ridotto's SDK; use game revenue to buy-back & burn CAKE

Voting ended almost 4 years agoSucceeded

BUILD A SLOT MACHINE GAME WITH RIDOTTO'S SDK, USE REVENUES FOR BUY-BACKS & BURN MORE CAKE:

The CAKE community is continually exploring ways to control or offset emissions. One school of thought is to reduce CAKE emissions by lowering AYP. The arguments against lowering APY is there's less incentive purchase and stake CAKE. Dropping the APY could also compel stakes to withdraw and seek more competative APYs.

In consideration of the competition for TVL on leading layer 1s & DEXs; maintaing and growing TVL is a key strategy to market share/dominance - so any proposal that disincentives TVL maintenace or growth should be carefully considered.
I propose the best option is increasing burn mechanisms: It is a great compromise because we can reduce supply and maintain existing APY for the same net effect as reducing APY.

Ridotto is a chain-agnostic protocol already trading on Pancake Swap. The protocol has an SDK and Pancake Swap can build it's own, customized slot machine, and deploy it along side the prediction and lottery. Fee revenues from the game can be used to buy CAKE and burn it. Deployment will be relatively easy and economical.

Feel the BURN!!!

Off-Chain Vote

Burn more CAKE: Add custom CAKE Slot Machine game, use revenue for buy-backs
56.39K CAKEVOTE100%
Not excited about burning more CAKE
0 CAKEVOTE0%
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Timeline

Apr 01, 2022Proposal created
Apr 04, 2022Proposal vote started
Apr 23, 2022Proposal vote ended
Oct 26, 2023Proposal updated