CAKE holders, today we are delighted to be able to offer you a new Syrup Pool from Nerve Finance, Nerve is an automated market maker (AMM) specifically designed for trading stablecoins and pegged assets on the BINANCE Smart Chain.
The Syrup Pool:
Stake CAKE tokens, to earn NRV tokens!
Total Tokens: 260,000 NRV
Distribution duration: 60 days
Start block: 6239630 (April 3rd 3PM SGT)
Finish block: 7967630 (Jun 2nd 3PM SGT)
Token rewards per block: 0.15046 NRV
The Farm:
In order to host the NRV Syrup Pool, we will need to provide a NRV-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 Nerve Finance?
Nerve is a StableSwap AMM on BSC designed to allow trading stablecoins and pegged synthetic assets quickly with minimal slippage. Nerve launched on the BSC as it allows the project to achieve the true values of DeFi: the democratization and access of finance without restrictions and a long-standing centerpiece of the DeFi and BSC ecosystem.
Nerve’s first pool consists of 3 stablecoins: BUSD, USDT, and USDC. Slippage is close to zero, due to its StableSwap algorithm. The fees are returned to pool liquidity providers as well as Nerve token holders. Rewards will be paid out in $NRV — Nerve’s native token.
How do you stake CAKE to earn NRV 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.
