PancakeSwap Welcomes Badger DAO for a Double Syrup Pool!
CAKE holders, today we are thrilled to be able to offer you two (YES, TWO!) Syrup Pools from Badger DAO, a Decentralized Autonomous Organization (DAO) focusing on bringing Bitcoin to Decentralized Finance (DeFi).
The Syrup Pools:
Stake CAKE tokens to earn bBadger tokens!
Total Tokens: 4,584 bBadger
Distribution duration: 60 days
Start block: 5930020 (March 23rd 7PM SGT)
Finish block: 7658020 (May 22nd 7PM SGT)
Token rewards per block: 0.00265278 bBADGER
Stake CAKE tokens to earn bDIGG tokens!
Total Tokens: 75 bDIGG
Distribution duration: 60 days
Start block: 5930020 (March 23rd 7PM SGT)
Finish block: 7658020 (May 22nd 7PM SGT)
Token rewards per block: 0.0000434 bDIGG
The Farms:
In order to host the BADGER Syrup Pool, we will need to provide a bBADGER-BTCB farm that will have 3x CAKE rewards for the first 48 hours, 2x CAKE rewards for the next 48 hours, then 1x CAKE rewards after that.
In order to host the bDIGG Syrup Pool, we will need to provide a bDIGG-BTCB farm that will have 3x CAKE rewards for the first 48 hours, 2x CAKE rewards for the next 48 hours, then 1x CAKE rewards after that.
The Vote:
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 Badger DAO?
Badger DAO’s current product set includes:
- Sett: a yield aggregator product of Badger DAO focusing on innovating on the best Bitcoin-related yield strategies.
- Digg: an elastic supply token pegged to the price of Bitcoin and governed by the Badger DAO
What is BADGER?
BADGER is the ERC-20 governance token of the DAO and has the following use cases:
- Governance: BADGER holders can govern all marketing decisions, protocol parameters, the token supply and any future smart contract changes.
- Staking: Users that deposit assets into the platform will be rewarded with BADGER. The longer users stake in the vaults, the higher the multiplier of BADGER rewards they will receive.
- Liquidity Mining: Users that deposit tokens (e.g. BADGER, BADGER/WBTC LP, and etc.) in the Badger Sett product will earn BADGER tokens as liquidity mining rewards.
- Developer Mining: Developers that structure products and Sett Vault strategies will earn BADGER.
What is DIGG?
DIGG is an elastic supply cryptocurrency pegged to the price of Bitcoin and governed by the Badger DAO, with the following features:
- Elastic Supply: Across all wallets, the total supply is adjusted based on demand to reflect the pegged price of Bitcoin.
- Daily Rebase: If the price is above the USD value of BTC that day, the rebase is positive and balances increase. If the price is below the USD value of BTC that day, the rebase is negative and balances decrease.
- Non-Dilutive: This means DIGG is non-dilutive. Like Bitcoin, if you own 1% of the overall network you will always own 1% unless you actively make a transfer.
- Continuous: The process repeats every day and is built into the DIGG protocol, making its rules transparent and equal for everyone.
To learn more about Badger DAO, the chefs advise you to visit their official communication channels:
Website: https://badger.finance/
Twitter: https://t.me/badger_dao
Telegram: https://t.me/badger_dao
Medium: https://badgerdao.medium.com/
How do you stake CAKE to earn BADGER and DIGG 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 BADGER Syrup Pool or “Approve CAKE” on the DIGG Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 bBADGER and BEP20 bDIGG will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your bBADGER and bDIGG okens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official bBADGER token contract address on Binance Smart Chain is:
https://bscscan.com/address/0x1f7216fdb338247512ec99715587bb97bbf96eae
The official bDIGG token contract address on Binance Smart Chain is:
https://bscscan.com/address/0x5986d5c77c65e5801a5caa4fae80089f870a71da
Any other bBADGER or bDIGG 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 bBADGER or bDIGG tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰
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