October CAKE Emission Reduction

It’s time for our monthly vote on CAKE emissions!

Read before voting

Before you vote, make sure you understand the long and short term effects that changes to CAKE emission can have.

• Read and digest the CAKE Tokenomics documentation first:

https://docs.pancakeswap.finance/tokenomics/cake/cake-tokenomics

• Read this proposal in full;
• Make up your mind, and cast your vote!

Why reduce emission?

The end goal of reducing emissions is to make CAKE "emission neutral" or "deflationary". That means more CAKE will be leaving circulation (burned) than the amount that enters circulation. A lower inflation rate is extremely important for the future value of the token: Supply vs. demand.

What are the downsides?

Reducing the CAKE that's distributed to farms might have the short-term effect of lowering farm APR. However, in the long term, the goal is to keep supply low to keep demand high. So if the token price rises due to a lower supply, this will help sustain a decent APR on farms and Pools.

What's the current supply?

So far, effective CAKE supply has already dropped from 40/block to only 15.

As well as the lower emissions, we burn CAKE from an increasingly wide number of sources every week. Check out the list here:

https://docs.pancakeswap.finance/tokenomics/cake/cake-tokenomics#other-deflationary-mechanics

Proposals:

Since our previous vote resulted in a very dramatic drop (from 19 to 15 CAKE per block), it was rolled out over several weeks so it didn't cause a huge shock to the farm APR. This time, to protect farm APR, the suggested reduction amounts are less aggressive than last time. But don't forget - the ultimate goal is, as always, to become emission neutral/negative. Previous vote here for your reference:

https://pancakeswap.finance/voting/proposal/QmTBWGSFEHFBahhA32PH2aVYxxWkeDsSZKaDpp3uQP8a8j

CAKE holders can vote for any one of these options at the bottom of this page.

❌ No change:

• 5 CAKE per block go to Yield Farms
• 10 CAKE per block go to Syrup Pools
• Total emissions: 15 CAKE per block

🔥 0.25 CAKE per block (1.66%) reduction to farm rewards:

• 4.75 CAKE per block go to Yield Farms
• 10 CAKE per block go to Syrup Pools
• Total emissions: 14.75 CAKE per block

🔥 0.5 CAKE per block (3.33%) reduction to farm rewards:

• 4.75 CAKE per block go to Yield Farms
• 10 CAKE per block go to Syrup Pools
• Total emissions: 14.5 CAKE per block

⚠️Please note⚠️

One option must have a majority of 50%+ at the end snapshot in order to win the vote and be executed. If none of the options get over 50% of the vote, we'll create a new proposal.