A new $CAKE tokenomics proposal on PancakeSwap’s governance forum has triggered intense debate, dividing the community. While some see this as a positive step towards streamlining the system and promoting deflationary growth, others are concerned about the potential for market manipulation and the impact on long-term investors. The proposal would unlock all currently staked $veCAKE tokens, eliminate revenue sharing, and reduce daily emissions to 22,500 $CAKE. This drastic change aims to shrink the total supply by 20% over the next five years. However, concerns remain about how this shift will affect long-term investors and DAOs like CakePie and Stake DAO who built their businesses around accumulated veTokens. The proposal has also sparked accusations of a governance attack, with speculation that powerful wallets affiliated with Binance could influence the vote. As the situation unfolds, it raises critical questions about fair and transparent governance within decentralized systems, highlighting the delicate balance between decentralization and actual implementation.