PancakeSwap Welcomes Rabbit Finance to Syrup Pool!
CAKE holders, today we are happy to be able to offer you a new Syrup Pool from Rabbit Finance, a lending protocol allowing leveraged yield farming on the Binance Smart Chain.
The Syrup Pool:
Stake CAKE tokens to earn RABBIT tokens!
Total Tokens: 6,900,000 RABBIT
Distribution duration: 60 days
Start block: 8571800 (approx. 9am UTC on June 24th)
Finish block: 10299800 (approx. 9am UTC on August 23rd)
Token rewards per block: 3.993 RABBIT
Max Stake per wallet:
100 CAKE for the first 48 hours, then unlimited CAKE staking afterwards.
To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 48 hours.
In order to host the RABBIT Syrup Pool, we will need to provide a RABBIT-BNB farm that will have 1x CAKE rewards for the first 48 hours and then 0.5x CAKE rewards after that.
Usually, there would be a vote, but as you may have noticed, there are currently issues with the nodes we have been using to support voting. As such, we hope that you will trust us on this one, and rest assured we are working to get the new version of voting deployed ASAP.
What is Rabbit Finance?
Rabbit Finance is a cross-chain excess lending protocol allowing leveraged yield farming on Binance Smart Chain.
Features include the following:
- Leveraged farming: Users will be able to participate in RABBIT-BNB liquidity mining to earn CAKE and RABBIT rewards
- Stablecoin farming with up to 9x leverage
- Elastic Stablecoin: RABBIT holders can stake RABBIT to the Boardroom receive CARROT, Rabbit Finance’s elastic stablecoin.
To learn more about Rabbit Finance, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn RABBIT 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 RABBIT Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 RABBIT will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your RABBIT tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official RABBIT token contract address on Binance Smart Chain is:
Any other RABBIT 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 RABBIT tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰