PancakeSwap Welcomes Reef Finance to Syrup Pool! Stake CAKE, Earn REEF!
CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from Reef, the first cross-chain DeFi operating system built on Polkadot!
The Syrup Pool:
Stake CAKE tokens, to earn REEF tokens!
Total Tokens: 100,000,000 REEF
Distribution duration: 30 days
Start block: 3515410 (29 Dec 3pm SGT)
Finish block: 4379410 (28 Jan 3pm SGT)
REEF rewards per block: 115.74 REEF
In order to host the REEF Syrup Pool, we will need to provide a REEF-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 Reef Finance?
Reef is a DeFi operating system, smart liquidity aggregator, and yield engine
that resolves these issues by connecting crypto asset buyers and sellers to liquidity pools in exchanges and the DeFi ecosystem, and streamlines crypto asset
management though an AI-driven trading engine that maximizes yield within
each risk category.
Reef delivers on the promise of smarter crypto trading through two major
components and enables:
• Trading of assets via the Global Liquidity Aggregator with access to liquidity from both centralized exchanges and DEX’s;
• Smart lending, borrowing, staking, mining through the AI-driven personalized Reef Smart Yield Farming Aggregator
To learn more about REEF, the chefs advise you to visit Reef’s official communication channels.
Telegram (English): https://t.me/reefdefi
How do you stake CAKE to earn REEF 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 REEF Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 REEF will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your REEF tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official REEF token contract address on Binance Smart Chain is:
Any other REEF 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 REEF tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.