PancakeSwap Welcomes Alpaca Finance to Syrup Pool!
CAKE holders, today we are excited to be able to offer you a new Syrup Pool from Alpaca Finance, Fair-launch leveraged yield farming protocol on Binance Smart Chain.
The Syrup Pool:
Stake CAKE tokens to earn ALPACA tokens!
Total Tokens: 393,000 ALPACA
Distribution duration: 60 days
Start block: 6918820 (approx. 3am UTC on April 27th)
Finish block: 8646820 (approx. 3am UTC on June 26th)
Token rewards per block: 0.22743 ALPACA
In order to host the ALPACA Syrup Pool, we will need to provide a ALPACA-BUSD farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is Alpaca Finance?
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.
Furthermore, Alpacas are a virtuous breed. That’s why it was a fair-launch project with no pre-sale, no investor, and no pre-mine. So from the beginning, this has always been a product built by the people, for the people. Or as the team likes to say, “By the Alpacas, for the Alpacas”.
To learn more about Alpaca Finance, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/alpacafinance
How do you stake CAKE to earn ALPACA 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 ALPACA Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 ALPACA will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your ALPACA tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official ALPACA token contract address on Binance Smart Chain is:
Any other ALPACA 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 ALPACA tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰