Pancake's decentralized dream is likely to collapse. After the release of the CAKE Tokenomics 3.0 proposal, the community's feedback has been a stir. This proposal, seemingly 'for the benefit of token holders,' actually exposes the project's corruption and centralization trends, with a plethora of issues:

Unfair voting process: Voting has been accused of manipulation, and the community questions the fairness of governance. How can something like this, where 'the persona collapses,' be called decentralized?

Shifting responsibility, changing positions: The initially proposed veCAKE mechanism has been overturned. Does the team really not trust their own design? This is simply irresponsible to investors.

Neglecting veCAKE value: Low trading volume pools can receive more emissions, but the 'benefit transfer' behind this is gone, and the team has not provided an alternative plan, directly raising doubts about where their confidence in the BNB Chain ecosystem has gone.

Radical reforms lack cushioning: The buyback and burn mechanism immediately replaces profit-sharing. Such drastic reforms, without a gradual transition, pose foreseeable risks.

Complete control of emission rights: The so-called 'market adaptability' is essentially about wanting to firmly hold the emission rights of CAKE in their own hands. What else is this if not centralization?

Collapse of long-term incentive system: The original veCAKE mechanism aligned the interests of long-term supporters with the Pancake protocol. Now, with the removal of staking requirements, the advantages of short-term capital have instantly overwhelmed loyal supporters.

Deflation target cannot be explained: They say 4% annual deflation, but what is the basis for the calculation of a 20% supply reduction? How long can the buyback and burn last? It's completely the team's wishful thinking.

This proposal fundamentally throws the ideals of decentralization out the window, heading towards a more corrupt and centralized direction. If the team continues like this, the future of Pancake is truly concerning, and investor trust will vanish.