CAKE holders, today we are delighted to be able to offer you a new Syrup Pool from Nerve Finance, Nerve is an automated market maker (AMM) specifically designed for trading stablecoins and pegged assets on the Binance Smart Chain.
The Syrup Pool:
Stake CAKE tokens, to earn NRV tokens!
Total Tokens: 260,000 NRV
Distribution duration: 60 days
Start block: 6239630 (April 3rd 3PM SGT)
Finish block: 7967630 (Jun 2nd 3PM SGT)
Token rewards per block: 0.15046 NRV
In order to host the NRV Syrup Pool, we will need to provide a NRV-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 Nerve Finance?
Nerve is a StableSwap AMM on BSC designed to allow trading stablecoins and pegged synthetic assets quickly with minimal slippage. Nerve launched on the BSC as it allows the project to achieve the true values of DeFi: the democratization and access of finance without restrictions and a long-standing centerpiece of the DeFi and BSC ecosystem.
Nerve’s first pool consists of 3 stablecoins: BUSD, USDT, and USDC. Slippage is close to zero, due to its StableSwap algorithm. The fees are returned to pool liquidity providers as well as Nerve token holders. Rewards will be paid out in $NRV — Nerve’s native token.
To learn more about Nerve Finance, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn NRV 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 NRV Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 NRV will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your NRV tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official NRV token contract address on Binance Smart Chain is:
Any other NRV 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 NRV tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰