This introduces two proposals aiming to bring more veCake related functionalities

Separate VeCake lock possibility's

VeCake management: Current mechanism to lock Cake for VeCake has a “all or nothing”rule in place. A user with an existing position wishing to lock more, is only able to add more to the preexisting locking period. Users willing to have VeCake positions with different locking periods can only do so by using multiple wallets. This has potentially a large impact on the quantity of Cake locked as holders may see this as a lack of flexibility. Extremely large quantities of Cake entered circulating supply due to the end of the old Cake pool and nothing else absorbed this supply. Introducing more flexibility may be a way to attract more holders to lock their Cake. This proposal suggests to bring flexibility to the VeCake pool, by introducing management tools for locked positions similar to what exists in other projects. Such as Cellana finance to name one. When locking Cake, holders should have the possibility to append an existing position or to create a new one with a different locking period using a single wallet. Holders should also be able to split an existing position if they wish to extend the locking period of only a portion of their locked Cake. Finally, holders should be able to merge positions where the final locking period is the longest of the two positions merged.

Second part ----

Max supply adjustments

Cake max supply and weekly burn: Since Cake has become deflationary maximum supply has been reduced twice. Both time it brought very positive feedback from the market and gave support to Cake price. This proposal suggests to link max supply to weekly or monthly supply decrease. When supply decrease reached a defined threshold, for example 100,000 Cake weekly or 500,000 Cake monthly, max supply could be reduced by a defined quantity. This quantity could be linked to the total amount of VeCake. For example for every 100,000 VeCake, 10 Cake is removed from Cake max supply. This would motivate long term holders to lock more for longer as it directly influences max supply. This rule would be applicable only if there is a minimum 15% margin between total and max supply. In other words max supply decrease can only happen when total supply/max supply < 0.85.

Benefits:

-Lock more burn hardcap (lock to burn)

-Less circulation supply

-Separated Vecake lockings

-More utility for Vecake  burning hardcap

By Sebabesse & Vidocq Stoekenbroek