In the Pancake 3.0 proposal, I feel a bit regretful to speak frankly.

The essence of the veToken gameplay is not problematic: the holders of veCake are true holders, and they remain loyal even during the lowest price phase of $Cake (of course, if they have locked their tokens, they can't exit even if they want to).
In our view, the bribery model may not be perfect, but it is the optimal solution in the current environment.
The reason for removing the veToken and bribing model in the current proposal is that:
Currently, Cake has allocated too much to low Volume pools, while the income generated by these pools is too little (i.e., Cake burning), and the two are not matching. Therefore, it needs to be changed to subsidize according to the size of the pool.
We believe that, on the contrary, small pools need subsidies, just like a country always needs to subsidize emerging industries.
This is the difference between equality and equity. The big pool is there, and whether subsidies are given or not will not affect people continuing to be LPs or quitting.
And every small pool has the chance to become a big pool.
Moreover, those who received bribes are the ones who have given up liquidity, and their qualification for bribery is fair.
In fact, public bribery is more like bidding rather than true private bribery; bribery is just a metaphor.
This proposal basically doomed CakePie (equivalent to Convex of Curve), and of course, whether there are hidden secrets inside, we cannot know.
So I feel regret.