another example of why the veToken model with uncontrolled emissions is not the way to go
either way, sad to see happen to a defi og. hope they bounce back
For too long, our industry has sold a lie.
Tokens given to users are costs, but tokens given to teams / investors to subsidize costs are not.
If this industry is going to grow up, tokenholders deserve a more honest accounting.
And if no one else is going to do it... we will.
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@ax1vc@ax1vc what is measured in the Daily Agentic Transactions query? When the 7d MA is multiplied by 7, it does not equate to the 7d total txs in the Top Agentic Projects Leaderboard
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in 2025, we burned 8.19% of CAKE's total supply, or around 31M CAKE (~$56M)
total supply of CAKE is now <350M, and continues to drop each week
our burns have outweighed emissions since Sep 2023, so CAKE has been a deflationary token for >2 years
more to come in 2026