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PancakeSwapPancakeSwapby0xF4E00f6Ff3EAaA929ae76ea023D0074EAFBF96020xF4E0…9602

Should we have a periodic halvening to Pancake Swap?

Voting ended almost 5 years agoSucceeded

Similar to Bitcoin doing a halvening every 4 years (where the number of Bitcoin received as rewards per 4 years is halved), we should reduce the number of pancake swap produced every 3 months by half, or a quarter (i.e. 3/4 continue to be produced).

As it stands, PancakeSwap is inflationary (with deflationary mechanisms used to slow the pace of its inflation). Considering there is 700mil volume being traded every day on the platform with a market cap of 1.56bil (vs Sushi Swap 289mil volume - which is valued at a 2.7bil valuation; and UniSwap 969mil volume - which is valued at 17bil), the PancakeSwap Coin should be valued far higher. However, in comparison to these coins, we have no max number of coins whilst UniSwap and Sushi Swap are capped.

Why you should do this:

  1. Following Bitcoin's price action during times of the halvening, there have been drastic increases in price.
  2. Preserve the value of Pancake Swap.
  3. Compete with the likes of UniSwap and SushiSwap. By placing us in the top 20 coins will provide us far more social media traction and increase the respectability and reputability of the platform.
  4. Promote scarcity of Pancake Swap token.

Why you should not do this:

  1. APYs will naturally decrease because the inflationary mechanism of cake pumps up the APY received. I.e. There will be a reduction in the amount of newly minted Pancake Swap tokens to distribute to liquidity providers.

Thanks

Off-Chain Vote

Have a halvening every 3 months
1.28K 99.6%
Have a 'quartening' every3months
4.63 0.4%
Continue the mechanism as it is
0 0%
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Timeline

Mar 12, 2021Proposal created
Mar 12, 2021Proposal vote started
Mar 21, 2021Proposal vote ended
Oct 26, 2023Proposal updated