CAKE holders, today we are happy to be able to offer you a new Syrup Pool from Formation Finance, a cross-chain risk parity farming protocol.
The Syrup Pool:
Stake CAKE tokens to earn FORM tokens!
Total Tokens: 2,500,000 FORM
Distribution duration: 60 days
Start block: 8514500 (approx. 9am UTC on June 22nd)
Finish block: 10242500 (approx. 9am UTC on August 21st)
Token rewards per block: 1.4467 FORM
Max Stake per wallet:
100 CAKE for the first 48 hours, then unlimited CAKE staking afterwards.
To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 48 hours.
In order to host the FORM Syrup Pool, we will need to provide a FORM-BUSD farm that will have 1x CAKE rewards for the first 48 hours and then 0.5x CAKE rewards after that.
Usually, there would be a vote, but as you may have noticed, there are currently issues with the nodes we have been using to support voting. As such, we hope that you will trust us on this one, and rest assured we are working to get the new version of voting deployed ASAP.
What is Formation Fi?
Formation has created a risk parity protocol that constructs custom portfolios to optimize the return to risk ratio. The protocol works via algorithmically rebalancing portfolios based on projected asset risk-reward ratios. For example, a risk-averse user’s funds would be deployed into safer strategies that involve less risk but also offer less APY.
The composability of the platform allows users to deploy yield farming strategies across a number of layer ones such as BSC, Ethereum and Polkadot.
To learn more about Formation Finance, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn FORM 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 FORM Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 FORM will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your FORM tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official FORM token contract address on Binance Smart Chain is:
Any other FORM 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 FORM tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰