13 JUNE 2021: Supporters of both PancakeSwap and Amplforth were awarded with positive news today via a new partnership that will allow holders of the native token for PancakeSwap, CAKE to stake their holding in the new 'Syrup Pool' in exchange for AMPL rewards.
Staking CAKE to Earn AMPL
This new reward pool will include a total of 688,000 AMPL available over a duration of 60 days. The pool is expected to officially go live tomorrow, 14 June 2021, and run until 13 August 2021. The calculated rewards per block is 0.398 AMPL.
PancakeSwap has stated that in order to allow the maximum amount of CAKE holders to participate in the pool, there will be a staking limit of 100 CAKE per holder over the first 48 hours of the pool.
With the recent announcement via the Amplforth development team that AMPL was now cross chain compatible between the Ethereum mainnet and the BINANCE Smart Chain (BSC), many holders on social media were asking when the first pool would be available for those utilizing BSC. That question was answered quite quickly with the announcement of this new rewards pool.
How to Participate in Staking on PancakeSwap
To take advantage of this new Syrup Pool, holders should first this link:
https://pancakeswap.finance/syrup
Upon accessing that web page, you need to click "Approve CAKE" on the AMPL pool and confirm that transaction. To reiterate, the pool will officially go live at the link above tomorrow, 14 June 2021. The official AMPL token contract on BSC is the following:
https://bscscan.com/address/0xDB021b1B247fe2F1fa57e0A87C748Cc1E321F07F
This is the only verified link.
The Amplforth ecosystem is beginning to expand with the recent news of integrating with the Binance Smart Chain and the announcement of a new rewards pool with PancakeSwap. If you are interested in learning more about either Amplforth or PancakeSwap, be sure to check out their main websites below for more information:
Amplforth - https://www.ampleforth.org/
PancakeSwap - https://docs.pancakeswap.finance/
REKTimes is a rebrand of the previous blog Crypto.Think
Check out this link for a chance to win our $100 in Bitcoin giveaway! - REKTimes Bitcoin Giveaway
