A Call For $Cake Emission reduction

Voting ended over 4 years agoSucceeded

A clarion call for the reduction of cake mission per block, it is now clear that even with cake burn and the buyback of cake, that cake is still highly inflational and this is negatively harming the price of cake as most whales that get a lot of cakes always crash the price once there is a little rise, even if new investors keep buying cake the high emission will keep crippling the price.

					 it is quite obvious that the cake community are clamouring for further  reduction in the emission as a vote for emission reduction has never failed before, even in the various telegram groups, members are always complaining about the negative influence of high emission on price, the community clearly understands that reduction in emmision will also reduce the farm and pool rewards and i can bet that a higher percentage of the community will be in affirmation with emission reduction, even if emmision is further reduced the apy for pools will still be attractive to investors as you can count how many trusted defi protocols that can offer such huge rewards 
					 
					 It is therefore pertinent that the emission of cake per block be drastically reduced in order to battle inflation, the chefs have been working hard to device so many means to tackle inflation but even at that, millions of cakes are still added to the total supply of cake which in turn negatively affects the price. 
					 
					 Much respect to the chefs who has been working hard to bring more utility to cake token, y'all are the real MVP's, we stand with cake and we know you always want what is best for the community, God bless you all, the Moon is the starting point for $CAKE!.

Off-Chain Vote

Further reduction to Cake emission per block

4.19K 100%

No reduction (I want to kill the price of $cake)

0 0%

Download mobile app to vote

Timeline

Oct 05, 2021Proposal created

Oct 05, 2021Proposal vote started

Oct 08, 2021Proposal vote ended

Oct 26, 2023Proposal updated

it is quite obvious that the cake community are clamouring for further reduction in the emission as a vote for emission reduction has never failed before, even in the various telegram groups, members are always complaining about the negative influence of high emission on price, the community clearly understands that reduction in emmision will also reduce the farm and pool rewards and i can bet that a higher percentage of the community will be in affirmation with emission reduction, even if emmision is further reduced the apy for pools will still be attractive to investors as you can count how many trusted defi protocols that can offer such huge rewards It is therefore pertinent that the emission of cake per block be drastically reduced in order to battle inflation, the chefs have been working hard to device so many means to tackle inflation but even at that, millions of cakes are still added to the total supply of cake which in turn negatively affects the price. Much respect to the chefs who has been working hard to bring more utility to cake token, y'all are the real MVP's, we stand with cake and we know you always want what is best for the community, God bless you all, the Moon is the starting point for $CAKE!.