Proposal to start using treasury to get benefits for team and community
We can convert part of our treasure $CAKE to have regular profit at staking and situational profit at IFOs.
To get better price for $mCake we can buy it at 0.982 (Cake/mCake peg)
There are dip liquidity at pcs and 300k of cake move it at 0.005%. Peg is pretty stable from start of project and liquidity is enough even for such big amount as we have
Project supported by pcs, pcs supported by Binance
Also we have partner relations with project from start and earn $CKP
To get benefits for our treasury we need to lock this $mCake
- mCake staking 24.28% - no locks - we can earn 186(192) cake/day
- mCake staking SV 24.05% - 60days lock but we can participate at IFO (we can discuss next Binance IFO and try to estimate our possible profit)
apr can be dropped but from start it is like this, but we can focus like 500 dollars/day audit should be truth at distance - if more will be good, if less we can decide if it is good for us or no
Distribution
At this apr and cake exchange rate we can earn min 500$ a day and then like once a week or two weeks we can vote how to distribute them - future development, mod salary. add to pools, add liquidity, do marketing, do some intensives, airdrop to loyal users - this can be part of next votes