CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from OpenDAO, a decentralized, censorship-resistant, trust minimized, viable and scalable endeavour to bring real-world assets on-chain in a meaningful manner.
The Syrup Pool:
Stake CAKE tokens, to earn bOPEN tokens!
Total Tokens: 125,000 bOPEN
Distribution duration: 60 days
Start block: 5208390 (Feb 26th 3PM SGT)
Finish block: 6936390 (April 27th 3PM SGT)
Token rewards per block: 0.0723 bOPEN
In order to host the bOPEN Syrup Pool, we will need to provide a bOPEN-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 OpenDAO?
OpenDAO (bOPEN) serves as a bridge for real-world assets to cross over into the growing DeFi infrastructure. The goal is to bring more value into the space by providing exposure to real estate, stocks, and more… all in a uniquely permissionless and seamless manner.
The protocol is working on a USDO stablecoin: “Backed by the world around you,” starting with Bitcoin, Ethereum, and other crypto assets as collateral, but steadily moving to include more off-chain assets and on-chain assets as 2021 progresses.
To learn more about OpenDAO, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/opendao
How do you stake CAKE to earn bOPEN 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 bOPEN Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 bOPEN will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your bOPEN tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official bOPEN token contract address on Binance Smart Chain is:
Any other bOPEN 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 bOPEN tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰