CAKE holders, today we are overjoyed to be able to offer you a new Syrup Pool from APYSwap, a protocol for the decentralised exchange of shares of Tokenized Vaults.
The Syrup Pool:
Stake CAKE tokens to earn APYS tokens!
Total Tokens: 172,000 APYS
Distribution duration: 60 days
Start block: 6353200 (April 7th 3PM SGT)
Finish block: 8081200 (June 6th 3PM SGT)
Token rewards per block: 0.09953 APYS
In order to host the APYS Syrup Pool, we will need to provide an APYS-BNB 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 APYSwap?
APYSwap is a protocol for the decentralised exchange of shares of Tokenized Vaults.
It achieves this through the creation of a Layer 2 blockchain where users can trustlessly swap accounts & assets from multiple Layer 1 blockchains. Including Ethereum, Polkadot and Binance Smart Chain.
APYSwap simplifies yield farming and reduces its costs for users, without sacrificing decentralisation or self-custody. By allowing the trustless trading of tokenized yields, it also introduces greater liquidity and other novel attractive properties.
With APYSwap, cryptocurrency holders can benefit from passive income, which does not require an active portfolio management, whilst active DeFi portfolio managers can trustlessly trade on behalf of the users without friction or high transaction fees.
To learn more about APYSwap, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn APYS 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 APYS Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 APYS will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your APYS tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official APYS token contract address on Binance Smart Chain is:
Any other APYS 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 APYS tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰