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PancakeSwapPancakeSwapby0xc1a03d3Ea213C37e5A86045fFE950964125340250xc1a0…4025

Substitution of the current CAKE pool for another CAKE pool that does not use SYRUP tokens

Voting ended about 5 years agoSucceeded

Since the SYRUP matter, the PancakeSwap team had to redo all their plans with this token. That ended up in reprogramming all the pools just to stake CAKE to get the determined token (TWT, BLK, UNFI, etc). In fact, not all the pools, there is an exception: the CAKE pool.

The current CAKE pool (stake CAKE to farm CAKE) is working in the following way:

  • For every 1 CAKE staked in the pool, you get 1 SYRUP, which nowadays is completely useless.
  • For every interaction with the pool's smart contract, on average, you are going to pay 0.0032 BNB (~ 0.10 USD). It may sound a ridiculous amount, but as long as you stake, unstake and harvest, it really counts.

The other token pools are no longer working like before. Currently, they are just programmed to stake CAKE to farm the other token, without creating or burning SYRUP tokens. This little difference is playing a huge game here. On average, you are going to pay 0.0017 BNB (~ 0.05 USD) for every interaction with the pool's smart contract. This means approximately 46 % price difference between the CAKE pool and the others. You only have to do some maths to calculate how much are all the CAKE pool's users wasting every single day.

This proposal is initiated to ask PancakeSwap team to erase the current CAKE pool and to launch a new CAKE pool which doesn't use the SYRUP tokens anymore, a new CAKE pool which works like all the other pools and which saves users' money.

And you, do you want to save money? Please, leave your opinion here. Every vote counts.

Off-Chain Vote

Yes, create a new CAKE pool without SYRUP tokens
5.43K 100%
No, do not create a new CAKE pool without SYRUP tokens
0 0%
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Timeline

Dec 10, 2020Proposal created
Dec 10, 2020Proposal vote started
Dec 13, 2020Proposal vote ended
Oct 26, 2023Proposal updated