Pancake's recent income has been astonishing, with an agreement income of $2600 USD in the past month. If valued statically, it is equivalent to PE=3, but In this circle This valuation method may be a trap After all, business fluctuations are very significant The income situation is even more volatile than the K-line. At the same time, I think Pancake may have taken a wrong turn by adopting the ve token model. It would be better to adopt the direct repurchase and destruction model, as most of the cake's holders are still on Binance, and few people actually go to Pancake for collateral; Moreover, from the business perspective, the ve token model has not promoted growth. If we change to a majority repurchase and destruction model, with a small portion of the treasury, and then create a cakeburn website, it will be more intuitive.