Cake Monster

Introduction

DeFi tokens (Decentralized Finance Tokens) are financial applications that run on blockchains and mirror concepts that have been successfully used in traditional banking and finance. The key idea is to recreate financial services in a decentralized way without a third party, such as a bank, intervening. Instead, trust is placed in written code (smart contract) that is deployed on a blockchain network and allows interest to be earned, loans to be obtained or (synthetic) assets to be traded, and more, without relying on a third party.

If holders of a typical DeFi token want to earn high interest on staking or yield platforms, they typically must expose themselves to several risks, such as loss of control of their holdings, insecure/badly written smart contracts (bugs, hacks, backdoors), and extremely volatile market conditions, coupled with an immature token economy whose value is only supported by its own underlying token and its experimental utility (e.g., extreme tax, clones). In most cases, the applied monetary policy does not allow for sustainability or longevity of these projects, which creates a bubble that will inevitably implode due to its corrupt and inflexible nature.

In addition, the associated gas costs (Ethereum) and the numerous transactions/interactions that users must initiate along the way make this system errorprone and expensive. These inefficiencies ensure that the public cannot be effectively reached due to low accessibility, high financial risks, unprofitable trades, and general fear factors (e.g., fraud rate, unregulated markets).

The introduction of frictionless yield generation has opened up DeFi to a wider audience, as it simplifies most user interactions via automated logics and rewards holders by passing a portion of the protocol tax to all holders of the token (reflection), while another tax portion seeks to preserve token value via deflationary measures (burning token).

But the problems that remain are overall profitability and equitable distribution of rewards over time, the insufficiently maintained sustainability and stability of the protocol's ecosystem (implosion/monopolization), the inability to update the smart contract logic, and the lack of an advanced and well-executed long-term marketing strategy aimed at achieving mass adoption through high, fast, and low-cost accessibility of the project.

Cake Monster proposes a solution that combines the benefits of perpetual, easily accessible, and profitable rewards for all with a smart and complex monetary solution that allows the protocol ecosystem to stay healthy in all market conditions, where fixed-supply or simple reflection tokens are vulnerable to supply or volume shocks. In addition, there is a memeable artwork design, an upgradable contract, and an overly ambitious, dedicated, and well-connected team. Supporting many (new) investment strategies, Cake Monster is a credible financial tool for holders and traders alike and can be used, for example, as a hedge during difficult markets or simple speculation for short, medium, and long-term strategies.

Overview

The core functional goal of Cake Monster is to maintain an automated hybrid monetary policy with cyclical supply rebasing and a zero-emission reward model that protects and stabilizes the ecosystem while accumulating a non-native asset (CAKE) within its own reserve for MONSTA token holders and enforcing persistent deflation and volume. Below, we describe the architecture of each component of Cake Monster, which will initially be built on Binance Smart Chain. We intend to integrate Cake Monster with other leading smart contract networks that support integrated reserve assets, complex smart contracts, and cheap gas costs.

Cake Monster is designed with modularity in mind and every part of the Cake Monster system is upgradeable, allowing various components to be replaced as better techniques and competing implementations emerge or to battle unforeseen issues in the complex smart contract logic. The protocol logic is based on three fundamental pillars: management, policy, and volume. Their interactions with each other are critical to the underlying protocol functions and the overall token valuation. They feed the vaults at the core of the economic model and use their integrated functions: Yield, Tax, and Deflation.

Gamification & NFT Art

We plan to develop sophisticated gameplay and art aspects that will help engage the community, gain new holders, and add value through professional artwork designs, and an intertwined gameplay system with a focus on adding and preserving value for the MONSTA ecosystem. This would include the development of collectible NFTs (3D, augmented reality, and P2E) that are built around the MONSTA ecosystem to support drive and stability.

Infrastructure Changes

Cake Monster is built to become a community project. And, as such, we plan to build a DAO around Cake Monster and hand the project over to the community. We will ensure that, from our perspective, everything necessary is in place by then so that we can say with a clear conscience that the project is safe and sound. We plan to build an intra-exchange (Monster Swap) to help the community swap other reserve assets, native tokens, or NFTs for benefits.

General Expansion

We plan to expand our reach to other promising blockchains (multi-chain) that support a reserve asset in use of this project or another project we are developing or partnering with. Cake Monster can easily be spread to more chains. Charity When Cake Monster is established, we plan to create Cake Monster For Good. An initiative that sees Cake Monster committing to bespoke charity programs, decided by the community, to combat mental health, inequality, abuse, poverty, and any other endeavor the community decides.

Binance Smart Chain Contract Address: 0x8A5d7FCD4c90421d21d30fCC4435948aC3618B2f