PancakeSwap Adds mAsset Trading and Farms in Collaboration with Mirror Protocol — Stake CAKE, Earn UST

CAKE holders, today we are super happy to offer you a brand new offering from one of the most innovative teams in the crypto space, Mirror Protocol! In addition to being able to stake CAKE to earn TerraUSD (UST), you will be able to trade synthetic versions of traditional stock giants Amazon, Google, Netflix and Tesla thanks to Mirror’s mAssets!

The Syrup Pool:

Total Tokens: 150,000 UST

Distribution duration: 45 days

Start block: 4293992 (Jan 25th 4PM SGT)

Finish block: 5589992 (Mar 11th 4PM SGT)

Token rewards per block: 0.1157 UST

The Farms:

Farm 1 = mAMZN-UST @ 0.3x CAKE rewards

Farm 2 = mNFLX-UST @ 0.3x CAKE rewards

Farm 3 = mTSLA-UST @ 0.3x CAKE rewards

Farm 4 = mGOOGL-UST @ 0.3x CAKE rewards

Farm 5 = UST-BUSD @ 0.5x CAKE rewards

The 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 Mirror Protocol?

Mirror is a DeFi protocol powered by smart contracts on the Terra network that enables the creation of synthetic assets called Mirrored Assets (mAssets). mAssets mimic the price behavior of real-world assets and give traders anywhere in the world open access to price exposure without the burdens of owning or transacting real assets. Mirror is a community-governed project that seeks to unlock the wealth creation of major asset classes to users around the world via a permissionless access model.

What are mAssets?

mAssets are blockchain tokens that behave like “mirror” versions of real-world assets by reflecting the exchange prices on-chain. They give traders the price exposure to real assets while enabling fractional ownership, open access and censorship resistance as any other cryptocurrency.

Unlike traditional tokens which serve to represent a real, underlying asset, mAssets are purely synthetic and only capture the price movement of the corresponding asset.

What is TerraUSD (UST)?

TerraUSD is the first decentralized stablecoin that is scalable, yield bearing and interchain.

1 UST = 1 USD

Current circulating supply = 204,731,969 UST

To learn more about both Mirror, mAssets and UST, the chefs advise you to visit their official communication channels:

Website: https://mirror.finance/

Twitter: https://twitter.com/mirror_protocol

Telegram (English): https://t.me/mirror_protocol

How do you stake CAKE to earn UST rewards?

Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.

BEP20 UST will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your UST tokens and trade on PancakeSwap at any time!

BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀

mTSLA

https://www.bscscan.com/token/0xF215A127A196e3988C09d052e16BcFD365Cd7AA3

mAMZN

https://www.bscscan.com/token/0x3947B992DC0147D2D89dF0392213781b04B25075

mNFLX

https://www.bscscan.com/token/0xa04F060077D90Fe2647B61e4dA4aD1F97d6649dc

mGOOGL

https://www.bscscan.com/token/0x62D71B23bF15218C7d2D7E48DBbD9e9c650B173f

UST

https://www.bscscan.com/token/0x23396cF899Ca06c4472205fC903bDB4de249D6fC

Any other mAsset or UST tokens bearing the same tickers will be scams and 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 mAsset or UST tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.

Chef Hops 🐰

🥞 Twitter

🥞 Telegram

The #1 AMM and yield farm on Binance Smart Chain. https://pancakeswap.finance/