MIP #51 - Voting on PancakeSwap’s Emission Redirection for Ecosystem Growth

Abstract

This proposal seeks feedback from vlMGP holders on whether Magpie should support Cakepie’s CIP #7, which aligns with PancakeSwap’s proposal to redirect 3,000 CAKE emissions per day to an Ecosystem Growth allocation. The proposal aims to fund PancakeSwap v4 and other upcoming products in their roadmap. Feedback from vlMGP holders will guide Magpie’s stance in supporting this key decision, ensuring alignment with the interests of our stakeholders.

Motivation

PancakeSwap’s proposal is aimed at sustaining ecosystem growth by reallocating emissions to support critical development initiatives. It is essential for Magpie to consult its vlMGP holders on this decision, as it has long-term implications for the governance of our Cakepie SubDAO. By supporting the reallocation, Magpie can contribute to the ecosystem's innovation and future sustainability, enhancing the overall value of its holdings in Cakepie. This aligns with Magpie's strategic goal of supporting initiatives that maximize growth potential and long-term benefits for the community.

Specification

Vote on whether Magpie should support Cakepie’s CIP #7, which aligns with PancakeSwap’s proposal to redirect 3,000 CAKE emissions per day from Farms into the Ecosystem Growth allocation.

Please check the PancakeSwap proposal for all the details: https://pancakeswap.finance/voting/proposal/0xaffca49c859c6012ad7c969fe7afd1caa8d3386636ab8ccb12a5b5e5ae922e6a