Cake's processing of DeFiChain's DFIPs 7, 8, 9, & 10 + CFP 2, 3, 4, 5, 6 & 7
The DeFiChain Foundation just announced four DFIPs (DeFi Improvement Proposals) as well as six Community Funding Proposals:
- DFIP 7 (DeFiChain Foundation Coin Burn)
- DFIP 8 (DFI Emission Rate)
- DFIP 9 (On-Chain Governance)
- DFIP 10 (NFT Support)
- CFP 2 (10k DFI for “DeFiChain Explained”)
- CFP 3 (8k DFi for “DeFi Portfolio”)
- CFP 4 (50k DFI for “Smart DeFi Wallet”)
- CFP 5 (5k DFI for “DeFiChain Income”)
- CFP 6 (6.5k DFI for “DeFiChain Wiki”)
- CFP 7 (200 DFI for Moderators)
All proposals are designed to improve DeFiChain and stimulate long-term sustainable growth. You can find out more about these proposals in the DeFiChain GitHub links above.
In this piece we want to focus on how Cake DeFi deals with these proposals — with particular emphasis on how the voting is handled.
Cake DeFi will not cast a vote on someone else’s behalf or for people who do not tell us how they want to vote.
As a Cake DeFi user, you are entitled to participate in the DFIP voting.
You will receive an email with instructions asking you how you would like to cast your vote; which will be forwarded on to the DeFiChain Foundation.
An important point to note: If a user does not tell us how he or she wants to vote, we will not take sides and make our own decision. Put simply, we will not cast a vote for that user.
This means that voting, and the end result is entirely in the hands of the Cake DeFi & DeFiChain communities.
Make yourself heard. It is extremely important that you look at all five proposals so that you can vote in the near future.
We also encourage everyone in the community to join the Cake DeFi Telegram group and discuss the upcoming vote! Share your feedback, your questions, your concerns with us.