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PancakeSwapPancakeSwapby0xED31be2c881AE9f91846E3D249157B9242Ed79670xED31…7967

Reduce $cake inflation

Voting ended about 5 years agoSucceeded

Some time ago the daily inflation of $cake was reduced to 25 tokens/ block and in the past month this decision and the dedicated team work have provided significant increase in the price of $cake.

Currently 750,000 new $cake tokens are being printed per day (25 $cake tokens per block). This leads to approximately 20% monthly inflation and now seems to be a great time for the next reduction of inflation.

This vote is initiated by a group of early $cake supporters with the only goal to provide more price stability for $cake the long-run.

The PancakeSwap Chefs are doing their best increase the value to the platform and the token by adding new utilities to $cake and increasing the token burns on weekly bases, for which we are extremely grateful.

Still, by reducing the inflation with 20% of the daily tokens printed we will keep high incentives for the liquidity providers and the famers (in syrup pools) and at the same tame make an important step in providing long-term stability in the token price.

Those 20% will reduce the daily $cake tokens dilution from 750,000 to 600.000 and will affect the token distribution in the following way:

Farmers: 12 $cake tokens/block (currently 15 $cake tokens/block); Syrup pools: 8 cake tokens/ block/ currently 10 $cake tokens per block);

Off-Chain Vote

YES! Reduce the inflation by 20%
763.9K 99.6%
NO! Keep the current inflation rate.
3.02K 0.4%
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Timeline

Jan 25, 2021Proposal created
Jan 25, 2021Proposal vote started
Feb 01, 2021Proposal vote ended
Oct 26, 2023Proposal updated