PancakeSwap Welcomes DefiDollar DAO to Syrup Pool!

CAKE holders, today we are excited to be able to offer you a new Syrup Pool from DefiDollar — The DeFi Protocol Lab behind products such as DUSD, ibBTC and more. DUSD is a stablecoin index that uses DeFi primitives to hold the $1 peg while ibBTC is an interest bearing BTC index.

The Syrup Pool:

Total Tokens: 900,000 DFD

Distribution duration: 60 days

Start block: 6923600 (approx. 7am UTC on April 27th)

Finish block: 8651600 (approx. 7am UTC on June 26th)

Token rewards per block: 0.52083 DFD

The Farm:

The 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 DefiDollar?

DUSD is the first product released by the DeFiDollar. It is a stablecoin index that uses DeFi primitives to stay close to the dollar mark. DUSD provides an avenue for diversifying your stablecoin holdings to hedge against volatility in the underlying stablecoins e.g Tether (USDT), DAI, USDC and TUSD.‌ DUSD is currently collateralised by Curve Finance LP tokens.

IbBTC is being built by DefiDollar in collaboration with BadgerDAO. It will be an interest bearing index of different flavours of wrapped bitcoin like wBTC, renBTC and sBTC on Ethereum.
Once live, it will allow users to hold BTC and earn interest while also having the option to lever up using DeFi primitives.

There are other products like the OptionsCoin currently under R&D by the DeFiDollar team.

What is $DFD?

  • Decide on the distribution of the protocol income
  • Whitelist & remove peaks
  • Assign peak ceilings similar to the ones in Maker Vaults to balance the index
  • Fine-tune parameters like redemption fee within a peak

To learn more about DefiDollar DAO, the chefs advise you to visit their official communication channels:

Website: https://dusd.finance/

Twitter: https://twitter.com/defidollar

Telegram (English): https://t.me/defidollar_community
Discord: https://discord.gg/c5HBfCSD3U

Medium: https://medium.com/defidollar

How do you stake CAKE to earn DFD rewards?

Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.

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

BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀

https://bscscan.com/address/0x9899a98b222fcb2f3dbee7df45d943093a4ff9ff

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

Chef Hops 🐰

🥞 Twitter

🥞 Telegram

The #1 AMM and yield farm on Binance Smart Chain. https://pancakeswap.finance/