Wu Blockchain (@WuBlockchain): Cakepie: The removal of veCAKE will deal a devastating blow to projects like Cakepie and PancakeSwap that are aligned for the long term. It will lead…
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
- CAKE-85Negative
Cakepie: The removal of veCAKE will deal a devastating blow to projects like Cakepie and PancakeSwap that are aligned for the long term. It will lead to damaged trust, loss of voting incentives, reduced appeal for new protocols, income loss for CAKE holders, increased token sell pressure and volatility, erosion of decentralized governance, and risks to an unsustainable burn model. Furthermore, Cakepie believes this is an organized governance attack, as approximately 25 million CAKE were suddenly locked in multiple wallets prior to the announcement of this proposal. forum.pancakeswap.finance/t/cake-tokenom…