The operation of a free market requires a stable legal framework, and the capriciousness of policies is the greatest enemy of economic vitality. This is equally applicable to public chains.

A brief summary of the CAKE tokenomics 3.0 incident:

① Binance, in order to abolish the veCAKE mechanism, reclaimed token emissions and governance rights, sacrificing the entire Cakepie community with a thunderous approach.

② Binance itself intervened, launching a governance attack with a surprise vote using 25 million CAKE. Acting as player, referee, and coach all at once.

③ Some may feel that Cakepie is also a "governance attack," and that there is no difference from Binance's actions. The distinction lies in that Cakepie operates with transparent rules, community-driven initiatives, and predictable consequences, while Binance's governance assault is a black box.

The ecological construction of public chains should be about "encouraging the good and suppressing the bad," rather than the official directly destroying the builders in the ecosystem due to disagreements in interests and viewpoints.

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