PancakeSwap Welcomes Chemix to Syrup Pool!
CAKE holders, today we are thrilled to announce a new Syrup Pool from Chemix, an innovative decentralised fractional-algorithmic synthetic assets protocol on Binance Smart Chain.
The Syrup Pools:
Stake CAKE tokens to earn KUN tokens!
Total Tokens: 400,000 KUN
Distribution duration: 60 days
Start block: (approx. 7am UTC on May 11th)
Finish block: 9045900 (approx. 7am UTC on July 10th)
Token rewards per block: 0.23148 KUN
The Farm:
In order to host the KUN Syrup Pool, we will need to provide 2 farms: a KUN-BUSD farm that will have 1x CAKE rewards for the first 48 hours and then 0.5x CAKE rewards after that, and a KUN-QSD farm that will have 1x 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.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
What is Chemix?
Chemix Labs (Chemix for short) is the world’s first fractional-algorithmic synthetic assets protocol, developed by the QIAN Protocol team. $KUN is the governance token of Chemix.
Chemix is open-source, permissionless, entirely on-chain and currently implemented on the BSC (Binance Smart Chain) network. Chemix’s goal is to establish a scalable, distributed, algorithm-adjusted synthetic asset management system. Its advantage is the improvement of user’s capital utilization and a stable arbitrage mechanism through real-time operations such as minting, redemption, buyback, and recollateralisation.
To learn more about Chemix, the chefs advise you to visit their official communication channels:
Website: https://chemix.io/
Telegram: https://t.me/chemixlabs
Blog: http://blog.chemix.io/
How do you stake CAKE to earn KUN 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 KUN Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 KUN will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your KUN tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official KUN token contract address on Binance Smart Chain is:
https://www.bscscan.com/address/0x1A2fb0Af670D0234c2857FaD35b789F8Cb725584
Any other KUN tokens 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 KUN tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰
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