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PancakeSwapPancakeSwapby0x1b6bC1dc745e9e3BBdde8B8AD44d66200955d1fc0x1b6b…d1fc

Incentivise sellers to hold.

Voting ended over 5 years agoSucceeded

Some people are re-investing into cake every day, staking, and providing liquidity. Others sell off their cake to make quick profits, which lowers the price. Those who hold, create a floor for the price, and provide liquidity and stability. That should be rewarded, because it's positive for the project.

Currently, the rewards system does not differentiate between holders, and sellers. I propose that a separation be made. I propose to reward those who hold, and to incentivise those who sell to become holders.

One way of accomplishing this, is by separating the syrup pool into pools for those who hold, and those who sell. If you have been holding for 1 month for example, you get access to a holder pool. This holder pool would likely have less people in it, which would translate to a higher APY. Sellers will then start holding in order to gain access to the higher APY pools, which would improve price action. The sellers pool APY can never be allowed to be more than the holder pools, in order to maintain the I incentive.

This is just an example. The requirements to qualify for the holder pool could also be based on Block time. It could be in days, or weeks, or months. There could even be multiple tiers of pools. For example, pools for less than 1 month. Pools for 1 month or more. And pools for over 3 months. The implementation details are up to the chefs.

For liquidity pools, my proposal is similar. Create different pools for holders.

Off-Chain Vote

Keep things as they are.
0 0%
Reward long term cake holders.
325.8K 100%
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Timeline

Oct 22, 2020Proposal created
Oct 22, 2020Proposal vote started
Oct 29, 2020Proposal vote ended
Oct 26, 2023Proposal updated