2022.01.20 19:38 wrapperNo1 Hypothetical CAKE Tokenomics Enhancement Proposal
Ok, so for this hypothetical proposal there is one main precondition which must be achieved first to make this proposal even possible: CAKE Tokenomics must be automated. The PCS team is still doing it manually in case you didn't know.
This post was inspired by this post and this impressive comment, which I replied to, and then thought it needed illustration. So, I'm not an expert, I'm just bored.
Now, before we start, you need to understand the basics of CAKE Tokenomics:
Simplified CAKE Tokenomics Illustration (Left to Right, not Top to Bottom)
If they simply burn everything, there won't be anything left to provide profit to their products (Pools, Farms and Lottery). And if they try to define a higher fixed burn rate per block in an attempt to match the Additional Burns that they are making each week, it's going to be unpredictable and will force them to keep making manual adjustments all the time.
Instead, if they automate the Tokenomics, I propose a more dynamic change that takes place in almost real time, so instead of applying burns in weekly intervals, burns should happen at the end of each block, and the burn/emission amount is dynamically determined by the amount of Additional Burn achieved in the previous block.
Example of the Dynamic Burn per Block
As you can see, in this example, the Emission/Burn ratio changes each block, which keeps the inflation in check, automatically and predictably, while still providing profit to PCS products, although at a much lower rate (almost one third of the current rates). The upside in this method is that whenever the PCS team is able to achieve more Additional Burns, everyone's profit directly increases, and in the case they can't burn enough, profits go down but take down inflation with it, so you're protected in both cases.
Now, we address another dimension. The CAKE community has two main teams. Team A wants ZERO inflation and don't care about the APR, and Team B wants the current APRs to stay so that they can make the best out of it while they can until CAKE's inflation is neutralized and APRs drop significantly. I forgot to mention team C which is a group of morons who want ZERO inflation AND high APRs at the same time, we're not going to entertain them here.
So, to give the community some governance over this new mechanism, I'm proposing they should vote on a weekly or monthly "Emissions Correction Rate", which could be any value in the range of -5% to +5% (initially, could be adjusted later based on the results), which is applied each block after the determination of the Additional Burns amount.
Example of the Dynamic Burn per Block with the Emissions Correction Rate
This way, users could tilt the balance onto more deflation or more profit in reaction to the market dynamics.
Obviously, all of the above requires a lot of studying, development and testing, which should result in more refined Tokenomics logic that will determine the conditions and boundaries that need to be set to prevent the process from breaking or needing manual adjustments.
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2022.01.20 19:38 abh3_XRP Video with Sandbox in it
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2022.01.20 19:38 Bani2008 Guilt feel after breakup
For the past few years I’ve been feeling guilty after a breakup to the point where I usually try to fix things even if I don’t want to be with that person. After I breakup with them, I’m the one calling back to apologize and to try to work things out. I hate to do that because I’m being fake to me and that person. But, it’s hard to control those emotions or the reason why I do that. Has any of you experienced that before?
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2022.01.20 19:38 T-RYPtamine Purple Sage, Salvia
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2022.01.20 19:38 TheRiceist H:B/EX/+1P Galting Plasma. W:B/EX/?? Laser gun
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2022.01.20 19:38 kait2121 Mainz sagt Straßenkarneval ab
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2022.01.20 19:38 buubad Work is dead, do your worst....or best idk
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2022.01.20 19:38 teiichikou I feel robbed by Playstation Now
So I just (in December) discovered Playstation Now and was instantly in awe. I went on to buy a used DS4 and signed up as it was a dream of mine to finally play The Last Of Us Part 1 again and Part 2 for the first time. I considered for a few months to buy a used PS4, play both games once and then resell but what stopped was that its a bit much for two games even if they excite me that much and will always have a special place in my heart.
Ok, back to almost present day. I signed up and avidly played Part 1 but as I'm not much of a gamer anymore I just played a few hours now and then and so it took me three weeks to finish. At the time I signed up Part 2 was available. Ok, present day, today in fact. I just finished Left Behind right after Part 1 and wanted to get into Part 2 straight ahead. Yeah, guess what, it is not available on PS Now anymore. Are you serious? Why is this game considered taking up space so it had to be removed in the 'January refreshment'? Why? I really feel robbed right now. Got two months left of my subscription with not a single game I want to play.
I am shattered
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2022.01.20 19:38 boggstown is this true
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2022.01.20 19:38 AlbertMendez442 Imagine being stupid enough to think Communism is compatible with Christianity
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2022.01.20 19:38 AndrewDoesNotServe Leave Europe alone for one game, end up feeling absolutely violated by Germany