0xTodd🟥🟨🟦
0xTodd🟥🟨🟦|Apr 09, 2025 07:46
To be honest, I feel a bit regretful about the Pancake 3.0 proposal There is no problem with the gameplay of veToken in essence: the holders of veCake are the real holders, and they still stick to it during the lowest period of Cake coin price (of course, even if they lock up their positions and want to abandon it). In my opinion, the bribery model may not be perfect, but it is already an optimal solution in the current environment. The current proposal to remove veToken and bribery model is because: At present, too much Cake emissions are given to low volume pools, while the income generated by these pools is too little (i.e. Cake combustion), and the two do not match. Therefore, it is necessary to change the subsidy to be based on the size of the pools. I think, on the contrary, small pools need subsidies, just like a country always needs to subsidize emerging industries. This is the difference between equality and fairness, and the big pool is there. Whether you subsidize or not will not affect whether people continue to be LP or quit. And every small pond has the opportunity to become a big pond. Moreover, those who receive bribes are those who have given up their liquidity, and their eligibility for bribery is fair. In fact, public bribery is more like bidding than real private bribery, bribery is just a metaphor. This proposal basically ruined the life of CakePie (equivalent to Curve's Convex), but we don't know if there is any hidden reason behind it. So I feel regretful. Related interests: Former holder of CAKE CKP MGP.
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