CAKE holders, today we are very happy to be able to offer you a new Syrup Pool from Switcheo, the leading builders of decentralized protocols and core contributors behind Switcheo TradeHub. Switcheo TradeHub is a layer 2 cross-chain DeFi protocol built to facilitate high-performance trading of any asset and derivative. Switcheo TradeHub integrated with BINANCE Smart Chain this month.
The Syrup Pool:
Stake CAKE tokens to earn SWTH tokens!
Total Tokens: 4,000,000 SWTH
Distribution duration: 60 days
Start block: 6039800 (March 27th 3PM SGT)
Finish block: 7767800 (May 26th 3PM SGT)
Token rewards per block: 2.3148 SWTH
The Farm:
In order to host the SWTH Syrup Pool, we will need to provide a SWTH-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
The Vote:
As usual, it needs to be approved via a vote.
VOTE NOW!
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is Switcheo?
Switcheo is a protocol and software development entity focused on building groundbreaking platforms and blockchain solutions that pave the way for a decentralized future. Its flagship protocol, Switcheo TradeHub, is a L2 cross-chain protocol designed for high-performance trading of any asset, at scale. Traders can deposit tokens from various L1 chains to trade on Demex, a 2nd-generation DEX that runs on the Switcheo TradeHub protocol.
Switcheo TradeHub is powered by the native Switcheo Token that has a staking functionality at its core. SWTH holders can stake Switcheo Tokens to earn trading fees and validator rewards.
To learn more about Switcheo, the chefs advise you to visit their official communication channels:
Website: https://switcheo.network/
Twitter: https://twitter.com/SwitcheoNetwork
Telegram: https://t.me/switcheo
Blog: https://blog.switcheo.network
Demex: https://dem.exchange
How do you stake CAKE to earn SWTH rewards?
If you own CAKE tokens, congratulations! You’re the master of your … pancakes.
Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.
- Visit this webpage: https://pancakeswap.finance/syrup
- Click “Approve CAKE” on the SWTH Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 SWTH will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your SWTH tokens and trade on PancakeSwap at any time!
