$CAKE is down 3.5% on the day while PancakeSwap's own proposal would cut new emissions by about 69%. the market is shrugging at that.
the proposal is called The Flip. per the PancakeSwap team's own posts, LPs on v3 and Infinity would keep 88% of swap fees, and 15,500 fewer CAKE would be minted every day, with v2 burns continuing. that's the team's claim and it's still a forum discussion, not a passed vote.
why i care: a DEX wins on depth and slippage, and depth comes from LPs who go where they keep more. paying LPs more while printing less is a rare combo where sell pressure shrinks and the product gets better. the catch is the protocol gives up fee share, so volume has to hold.
$CAKE trades at $2.17 right now, inside a $2.13 to $2.25 day. if it holds $2.13, i think the emission cut gets priced in and it retests $2.25. if it loses $2.13, i'm wrong on this and there's nothing to defend, and anyone long here is sitting on a fresh low for the day with the vote still open.
holds $2.13 or loses it before the vote?
follow me for more calls like this.
the proposal is called The Flip. per the PancakeSwap team's own posts, LPs on v3 and Infinity would keep 88% of swap fees, and 15,500 fewer CAKE would be minted every day, with v2 burns continuing. that's the team's claim and it's still a forum discussion, not a passed vote.
why i care: a DEX wins on depth and slippage, and depth comes from LPs who go where they keep more. paying LPs more while printing less is a rare combo where sell pressure shrinks and the product gets better. the catch is the protocol gives up fee share, so volume has to hold.
$CAKE trades at $2.17 right now, inside a $2.13 to $2.25 day. if it holds $2.13, i think the emission cut gets priced in and it retests $2.25. if it loses $2.13, i'm wrong on this and there's nothing to defend, and anyone long here is sitting on a fresh low for the day with the vote still open.
holds $2.13 or loses it before the vote?
follow me for more calls like this.