PancakeSwap Welcomes Beefy.Finance to Syrup Pool!

PancakeSwap
3 min readMar 16, 2021

CAKE holders, today we are ecstatic to be able to offer you a new Syrup Pool from Beefy.Finance, a yield optimizer operating on Binance Smart Chain.

The Syrup Pool:

Stake CAKE tokens to earn BIFI tokens!

Total Tokens: 125 BIFI

Distribution duration: 60 days

Start block: 5752900 (March 17th 3PM SGT)

Finish block: 7480900 (May 16th 3PM SGT)

Token rewards per block: 0.00007234 BIFI

The Farm:

In order to host the BIFI Syrup Pool, we will need to provide a BIFI-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 0.5x CAKE rewards after that.

The Vote:

As usual, it needs to be approved via a 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 Beefy.Finance?

Beefy.Finance is a multichain yield optimizer currently operating on Binance Smart Chain, Heco, and Avalanche. In return for a small fee, the protocol automates several investment strategies so users can safely maximize their yields.

The project was founded by an anonymous team, but now is also being steered by dozens of community members and strategists. The first set of vaults were opened on October 8, 2020, being one of the earliest projects participating on Binance Smart Chain.

As a decentralized project with a deeply ingrained crypto-mindset, there is a robust governance system in place to put the decision-making power in the hands of those invested in the project. This takes place through governance mechanisms related to Beefy’s native governance token $BIFI. By staking the governance token, Beefy users also take part in all protocol revenues.

To learn more about Beefy.Finance, the chefs advise you to visit their official communication channels:

Website: https://beefy.finance/

Twitter: https://twitter.com/beefyfinance

Discord: https://discord.gg/PZGeS2E

Telegram: https://t.me/beefyfinance

Medium: https://medium.com/beefyfinance

How do you stake CAKE to earn BIFI 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.

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

BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀

The official BIFI token contract address on Binance Smart Chain is:

https://bscscan.com/address/0xca3f508b8e4dd382ee878a314789373d80a5190a

Any other BIFI 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 BIFI tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.

Chef Hops 🐰

🥞 pancakeswap.finance/

🥞 Twitter

🥞 Telegram

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