PancakeSwap Welcomes BoringDAO to Syrup Pool!
CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from BoringDAO, a decentralized bridge that connects all blockchain assets, offering users a safe way to maximize their utilization rate of crypto assets.
The Syrup Pool:
Stake CAKE tokens, to earn BOR tokens!
Total Tokens: 683 BOR
Distribution duration: 60 days
Start block: 5237060 (Feb 27th 3PM SGT)
Finish block: 6965060 (April 28th 3PM SGT)
Token rewards per block: 0.000395 BOR
In order to host the BOR Syrup Pool, we will need to provide a BOR-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 BoringDAO?
BoringDAO, an innovative solution that wraps virtually all blockchain assets and brings the liquidity of these blockchain assets to the DeFi world. Specifically, with the help of community governance mechanisms, the Double-Pledge Model allows for the safe and discreet tokenization of users’ native blockchain assets (such as BTC, LTC), into “wrapped” assets in the form of “oTokens”. That is, BoringDAO is a decentralized assets bridge that accesses all blockchains.
The creation of BoringDAO expands the current DeFi landscape supported by DeFi and will eventually serve as an important infrastructure that connects DeFi to the broader crypto world. BoringDAO will operate under community governance mechanisms, while BOR (BoringDAO Token) will serve as BoringDAO’s native governance token.
To learn more about BoringDAO, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/boringDAO
How do you stake CAKE to earn BOR 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 BOR Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 BOR will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your BOR tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official BOR token contract address on Binance Smart Chain is:
Any other BOR 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 BOR tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰