The operation of a free market requires a stable legal framework, and policy instability is the biggest enemy of economic vitality. This also applies to public chains. To summarize the CAKE Token Economics 3.0 event: ① Binance, in order to abolish the veCAKE mechanism, withdrew token emissions and governance permissions from its hands, and used thunderous means to directly sacrifice the entire Cakepie community ② Binance launched a governance attack by launching a surprise vote with 25 million CAKE tokens. Be both a player, referee, and coach ③ Some people may think that Cakepie is also a 'governance attack', no different from Binance's behavior. The difference is that Cakepie is rule transparent+community driven+consequence predictable, while Binance is a black box governance surprise attack The ecological construction of public chains should encourage the good and suppress the bad, rather than directly destroying the builders in the ecosystem due to differences in interests and viewpoints.