CAKE holders, today we are thrilled to be able to offer you a new Syrup Pool from Lien, a protocol for creating unique Options such as BNB Call option and Butterfly Options on Ethereum and Binance Smart Chain.
What is Boost?
Boost is basically an increase in farm multiplier over a set period of time, which is offered in exchange for additional tokens from the boosted project, which are then put into a new Syrup Pool!
So basically, LIEN will go from a 1x multiple to a 2x multiple, which will last for 48 hours and only cause temporary dilution among the other farms, and at the same time, there will be a new LIEN Syrup Pool with $300K of tokens, to be earned by staking CAKE.
The Syrup Pool:
Stake CAKE tokens, to earn LIEN tokens!
Total Tokens: 20,000 LIEN
Distribution duration: 30 days
Start block: 7741000 (approx. 9am UTC on May 26th)
Finish block: 8605000 (approx. 9am UTC on June 25th)
Token rewards per block: 0.023148 LIEN
Max Stake per wallet:
100 CAKE for the first 48 hours, then unlimited CAKE staking.
In order to host the LIEN Syrup Pool, we will increase the existing LIEN-BNB farm to earn 2x CAKE rewards for 48 hours, from 9am UTC on May 26th (Block 7741000) until 9am UTC on May 28th (Block 7798600), before reverting back to 1x CAKE rewards after that.
Usually, there would be a vote, but as you may have noticed, there are currently issues with the nodes we have been using to support voting. As such, we hope that you will trust us on this one, and rest assured we are working to get the new version of voting deployed ASAP.
What is Lien?
Lien is a self-regulating protocol that allows for issuing options in a whole new way. You can use the protocol to create your own unique derivative contracts and take advantage of the price development of ETH in an efficient manner. The protocol will also help you hedge against the risks associated with the price volatility in ETH by providing features to split it as you like and hold positions you would like according to your risk appetite.
The protocol is designed to work without a governance mechanism, eliminating various complications that result from human intervention and allowing for greater efficiency with which to manage your crypto assets within the protocol. The Lien project was launched by a group of anonymous developers who are passionate believers of the future that cryptocurrency brings.
Earlier this month, Lien commenced integration on BSC, bringing the Crypto-Naitive Option Protocol battle tested on Ethereum to BSC.
The full functionality of Lien Protocol on Ethereum will be rolled out on BSC, starting with Call and Put Options on BNB and Exotic Options, such as the Butterfly Option.
To learn more about Lien, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn LIEN 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 LIEN Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 LIEN will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your LIEN tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official LIEN token contract address on Binance Smart Chain is:
Any other LIEN token will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for LIEN tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰