CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from Hedget, a blockchain-based platform focusing on options trading that held its initial IEO on FTX!
The Syrup Pool:
Stake CAKE tokens, to earn HGET tokens!
Total Tokens: 12,000 HGET
Distribution duration: 30 days
Start block: 4553000 (Feb 3rd 4PM SGT)
Finish block: 5417000 (March 5th 4PM SGT)
Token rewards per block: 0.0138 HGET
In order to host the HGET Syrup Pool, we will need to provide a HGET-BNB farm that will have 1x CAKE rewards for the first 48 hours and then 0.5x 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 Hedget?
The future economy will be built on cryptocurrencies, but they are very volatile and could be risky investments. Hedget introduces decentralized options — you pay the smallest possible premium to secure your positions against unexpected price movements.
Hedget is a decentralised protocol for options trading. By putting up collateral, users can
create and trade different option series on chain. Decentralised option products allow users
to hedge price fluctuation and also the risk in their collateralised lending positions.
Hedget believes that risk mitigating DeFi
protocols like decentralised options are necessary building blocks as the decentralized
finance sector grows and matures. Hedget Foundation issues HGET token as the native token on the platform for governance and other utility purposes.
To learn more about Hedget, the chefs advise you to visit their official communication channels:
Alpha version of options DEX: https://www.hedget.com/exchange/bscalpha2/
Telegram (English): https://t.me/hedgetofficial
How do you stake CAKE to earn HGET 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 HGET Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 HGET will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your HGET tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official HGET token contract address on Binance Smart Chain is:
Any other HGET 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 HGET tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰