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PancakeSwapPancakeSwapby0x728BA43363E857E1E4Aa3a6dA151Eb3F38224C8a0x728B…4C8a

PANCAKESWAP IFO V2 PROPOSAL!

Voting ended almost 5 years agoSucceeded

I am proposing that the current IFO platform on PancakeSwap be restructured to better reward actual PancakeSwap platform users, $CAKE holders, and $CAKE liquidity providers.

This proposal does NOT require users to buy up $CAKE-$BNB-LP in order to participate in the IFO since this just encourages large holders to stake extremely large amounts of $CAKE-$BNB-LP for a very short period of time, only during the IFO. The current structure does not offer a fair chance to smaller $CAKE holders, nor does it reward actual PancakeSwap platform users.

---- THE PANCAKESWAP IFO V2 PROPOSAL! ----

LEVEL 1 - $CAKE POOL / $CAKE-LP - 80% of IFO: 80% of the IFO will be allocated to users who are actively staking $CAKE or $CAKE paired LP under the following rules:

  • To qualify for a future PancakeSwap IFO, a user must have either $CAKE staked in the $CAKE pool, or provide liquidity on any $CAKE paired farm ($CAKE-$XXXX-LP) during the 10 day period.
  • A calculated holding average from the last 10 days PRIOR to the IFO announcement will be used to determine the maximum amount of commitment that the user can commit to the IFO.
  • The 10 day average calculation will require a minimum of at least 25 $CAKE (or equivalent in $CAKE paired-LP) in order to qualify for the IFO.
  • A variable maximum commitment cap per user of 25,000 $CAKE (or equivalent in $CAKE paired LP) will be implemented to limit large $CAKE whales pricing out smaller $CAKE holders in the IFO. The variable individual cap will depend on each IFO's raise amount. The total average calculation would combine both $CAKE in pool & $CAKE paired-LP.

LEVEL 2 - BUNNY BONUSES - 20% of IFO: 20% of the IFO will be allocated to users who qualify for ‘Bunny Bonuses’. The Bunny Bonus scheme gives active PancakeSwap users additional IFO commitment points/percentages through a range of platform interactions or tasks during the 10 day average calculation period, such as:

  • Making 5 trades or more on the PancakeSwap exchange to the minimum value of $500 per trade during the 10 day period.
  • Owning at least 2 PancakeSwap NFTs over the entire 10 day period.
  • Entering into at least 2 lotteries during the 10 day period.
  • Other tasks, achievements can be added here…

The 10 day average calculation of the user's $CAKE Pool / $CAKE LP farm holdings is a fair method which rewards REAL users of PancakeSwap and benefits longer term liquidty providers on the platform, and not the ones who simply buy up LP an hour before the IFO. The announcements of new IFOs need to remain random and will be made ONLY after the final 10 day average holdings method is calculated. Users will NOT know when the 10 day calculation period is until after it has already finished, avoiding any market 'snapshot dumps' and also rewarding real PancakeSwap platform users, and longer term liquidity providers. Users will receive real benefits from staking their $CAKE or providing liquidty on $CAKE-LP pairs.

The IFO V2 Proposal also works with only the Level 1 taking 100% of the IFO allocation, but the addition of the Level 2 'Bunny Bonuses' helps reward users who use the PancakeSwap platform.

PancakeSwap #IFOV2 by @DeFiStalker (Twitter)

Off-Chain Vote

IFO V2 - Level 1 + Level 2
40.83K 39.4%
IFO V2 - Level 1 Only
47.02K 45.4%
No, I don't like this idea.
15.82K 15.3%
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Timeline

Mar 23, 2021Proposal created
Mar 23, 2021Proposal vote started
Apr 30, 2021Proposal vote ended
Oct 26, 2023Proposal updated