With the recent changes to Vecake system. It is clear Cakepie must evolve.
At the current moment. Cakepie is valued at 700k marketcap token price just under 61 cents.
If we allow a 1 to 1 redemption of the peg for 3 months and use the money from pancakeswap to buy back and burn Mcake to support the peg when it falls bellow 0.95%. The remaining cake treasury can be paid out to cakepie stakers at 700,000 cake emissions per year.
As cake increases in value. Cakepie APR would also increase. But lets assume market shows higher demand for Cakepie and stakes it and gives a rough annual return of 70% APR. The value of Cakepie increase.
A stronger valued Cakepie token will be used to reward Mcake stakers and could give people the opportunity to earn more by staking Mcake than simply redeeming it for Cake.
This gives long term potential for the project. Supporting the peg and using our treasury as an yield to collect for Cakepie and Mcake investors. Cakepie could hugely benefit from Cake price actions. Whilst preventing more cake going into circulating supply.
Remember we have a war chest of 13 million cake. Which may not have to be paid out all at once. We can use it to grow alongside price action of cake.
Please see this picture for some details on how this could potentially look, Subject to market conditions and price action.
