• © Goverland Inc. 2026
  • v1.0.3
  • Privacy Policy
  • Terms of Use
PancakeSwapPancakeSwapby0x5F1bA4a111c3A43F9db280EB09076F5B3e39fc7e0x5F1b…fc7e

A NEW reward token is needed to support future growth

Voting ended over 3 years agoSucceeded
  1. The Pancake Swap TEAM has done an excellent job. This is the top dex by transactions. We've experienced tremendous growth. But the current reward system does not work. In the team's efforts to make CAKE deflationary (which is the right thing to do) they have inadvertently devalued CAKE. To put it simply, to most people CAKE is worth whatever value it provides. In the beginning the value it provided was 1% per day. Then it was 200% APR then 100% Then 40%

Now in terms of the people who aren't locking up CAKE longterm, the value is currently 10% per year. If the platform was doing 20 billion per day in transactions...this would be acceptable. As the fees would more than make up for the lack of rewards. But CAKE is still in the growth phase. And less than 1% of all BTC volume that happens in the real workd happens on Pancake Swap. You need people to keep holding CAKE to make the reward system viable at all. But the current APR does not support growth. More APR to the pools and farms is necessary for those who opt to support CAKE by holding it, which is what the reward system needs. Just imagine if you could ake 400% APR on BNB-BUSD?

  1. I make this suggestion for the 2nd time...Create a new REWARD token which pays at current levels 400% APR This level supports 25X growth from here. 25X liquidity will put total liquidity at over 75 Billion $USD

  2. Turn off CAKE inflation instantly, yet continue to burn CAKE based on the same mechanisms. This automatically makes CAKE deflationary. This leads us to the path of CAKE potentially being $100

  3. Require people to hold CAKE to A. Use the platform - Each user should be required to hold or stake a minimum amount of CAKE in the longterm pool B. You cannot receive the new reward token unless you are holding the original CAKE token. Just implementing these mechanisms should take CAKE to $10 within 72 hours.

  4. Once a LP farm is implemented, it is there for long term. It hurts projects to support a farm for 30 days and then take it away. Only support farms where the cAKE team has done serious due dilligence. This gives the community piece of mind to invest in these startup projects.

So the question is obviously, what happens in the future as the new reward toke will inevitably fall. Once volumes are back to respectable levels, you increase the fee so LP investors receive their APR from fees rather than rewards which is the ONLY sustainable business model.

I know about the future ICAKE and BCAKE mechanisms. They won't work. All that's creates its pint up sell pressure on the CAKE token. What do you think will happen tot eh CAKE price once all the locked up CAKE is released? We need AT LEAST the methods that I have laid out in this proposal to support future growth.

Off-Chain Vote

Yes
0 CAKEVOTE0%
No
103.83 CAKEVOTE100%
Download mobile app to vote

Timeline

Jul 06, 2022Proposal created
Jul 07, 2022Proposal vote started
Jul 16, 2022Proposal vote ended
Oct 26, 2023Proposal updated