CAKE holders, today we are delighted to be able to offer you a new Syrup Pool from Lien, a protocol for creating unique Options such as BNB Call option and Butterfly Options on Ethereum and Binance Smart Chain.
The Syrup Pool:
Stake CAKE tokens to earn LIEN tokens!
Total Tokens: 6,000 LIEN
Distribution duration: 60 days
Start block: 6011150 (March 26th 3PM SGT)
Finish block: 7739150 (May 25th 3PM SGT)
Token rewards per block: 0.003472 LIEN
In order to host the LIEN Syrup Pool, we will need to provide a LIEN-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 Lien?
Lien is a self-regulating protocol that allows for issuing options in a whole new way. You can use the protocol to create your own unique derivative contracts and take advantage of the price development of ETH in an efficient manner. The protocol will also help you hedge against the risks associated with the price volatility in ETH by providing features to split it as you like and hold positions you would like according to your risk appetite.
The protocol is designed to work without a governance mechanism, eliminating various complications that result from human intervention and allowing for greater efficiency with which to manage your crypto assets within the protocol. The Lien project was launched by a group of anonymous developers who are passionate believers of the future that cryptocurrency brings.
Earlier this month, Lien commenced integration on BSC, bringing the Crypto-Naitive Option Protocol battle tested on Ethereum to BSC.
The full functionality of Lien Protocol on Ethereum will be rolled out on BSC, starting with Call and Put Options on BNB and Exotic Options, such as the Butterfly Option.
To learn more about Lien, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn LIEN 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 LIEN Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 LIEN will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your LIEN tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official LIEN token contract address on Binance Smart Chain is:
Any other LIEN 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 LIEN tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰