CAKE EMISSION REDUCTION

It’s time for our monthly vote to reduce CAKE emissions! The end goal of reducing emissions is to become emission neutral: that means more CAKE leaving circulation than the amount of CAKE that's produced.

Why become emission neutral??

CAKE hodlers should understand the potential effect that reducing the amount of CAKE in circulation may have on the token’s price. Supply vs. demand. Although reducing farm rewards may lower farms’ APR a little at first, in the long term, the goal is to keep supply low to keep demand high.

CAKE is currently burned in the following ways:

• 0.05% of every trade made on PancakeSwap V2
• 100% of CAKE sent to the Dev address
• 100% of CAKE raised in IFOs
• 100% of CAKE spent on Profile Creation and NFT minting
• 🆕 100% of CAKE bid by farm auction winners
• 20% of CAKE spent on lottery tickets
• 45,000 CAKE per day (historically assigned to the lottery)
• 3% of every Prediction round is used to buy CAKE for burning
• 2% of every yield harvest in the Auto CAKE Pool

And we’ve got more burning mechanisms in store for the future.

Here are this month’s proposals:

You can vote for any one of these five options!

❌ No change:

• 9 CAKE per block go to yield farms
• Total emissions = 19 CAKE per block (including Syrup Pool)

🔥 1 CAKE per block (11%) reduction to farm rewards:

• 8 CAKE per block go to yield farms
• New total emissions = 18 CAKE per block (including Syrup Pool)

🔥🔥 2 CAKE per block (22%) reduction to farm rewards:

• 7 CAKE per block go to yield farms
• New total emissions = 17 CAKE per block (including Syrup Pool)

🔥🔥🔥 3 CAKE per block (33%) reduction to farm rewards:

• 6 CAKE per block go to yield farms
• New total emissions = 16 CAKE per block (including Syrup Pool)

🔥🔥🔥🔥 4 CAKE per block (44%) reduction to farm rewards:

• 5 CAKE per block go to yield farms
• New total emissions = 15 CAKE per block (including Syrup Pool)

⚠+Please note⚠+

One option must have a majority of 50%+ at the end snapshot in order to win the vote and be executed.

If none of the options get over 50% of the vote, we will create a new proposal.

A 44% reduction to farms may impact APRs a lot initially, but we’ll propose further farm reward adjustments later, which will help balance things out and sustain the most high-value farms.

와 현재 4개 감소가 투표 1위입니다. 1개~2개씩 줄여왔는데 이번에는 한방에 4개가 줄어들수도 있겠네요.ㄷㄷㄷ

공급과 수요 측면에서 공급에서의 감소는 확실하게 진행되고 있네요. 수요쪽도 이거저거 하고 있긴하죠.