CAKE holders, today we are a new Syrup Pool from Oin Finance, a decentralized stablecoin issuance and trading platform.
The Syrup Pools:
Stake CAKE tokens to earn OIN tokens!
Total Tokens: 600,000 OIN
Distribution duration: 60 days
Start block: 7364200 (approx. 5am UTC on May 13th)
Finish block: 9092200 (approx. 5am UTC on July 12th)
Token rewards per block: 0.3472 OIN
In order to host the OIN Syrup Pool, we will need to provide a OIN-BUSD 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 Oin Finance?
OIN is a decentralized stablecoin issuance and trading platform. While MakerDao allows only mainstream assets to be used as collateral to issue DAI, OINDAO allows projects, large or small, to issue their own brand labelled synthetic assets that are collateralized by their own coins; in essence, any projects can mint their own stablecoins to participate in the greater DeFi ecosystem. Having commenced with Ethereum, and gradually expanding to other popular ecosystems such as Polkadot, Avalanche, and most recently Binance Smart Chain, OIN’s aim is to become a one-stop shop for cross-chain stablecoin issuance, trading, and implementation.
To learn more about Oin Finance, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn OIN 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 OIN Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 OIN will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your OIN tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official OIN token contract address on Binance Smart Chain is:
Any other OIN tokens 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 OIN tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰