PancakeSwap Welcomes TrueUSD to Syrup Pool!
CAKE holders, today we are happy to be able to offer you a new Syrup Pool from TrueUSD, the world’s most transparent stablecoin, fully collateralized and independently attested live on-chain.
The Syrup Pool:
Stake CAKE tokens to earn TUSD tokens!
Total Tokens: 1,000,000 TUSD
Distribution duration: 60 days
Start block: 7884300 (approx. 9am UTC on May 31st)
Finish block: 96123000(approx. 9am UTC on July 30th)
Token rewards per block: 0.5787 TUSD
Max Stake per wallet:
100 CAKE for the first 48 hours, then unlimited CAKE staking.
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.
The Farm:
In order to host the TUSD Syrup Pool, we will need to provide a TUSD-BUSD farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
The Vote:
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 TrueUSD?
TrueUSD (TUSD) is the first independently-verified digital asset redeemable 1-for-1 for US Dollars. The ERC20 stablecoin uses multiple banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
TUSD offers liquidity on dozens of leading exchanges, DeFi protocols, and is supported by major OTC desks. TUSD also supports nearly instant minting and redemption speeds through the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust.
TrueUSD users also enjoy direct-to-bank redemption through a memorable 5-character TUSD Redemption Address.
To learn more about TrueUSD, the chefs advise you to visit their official communication channels:
Website: https://www.trueusd.com/
Twitter: https://twitter.com/tusd_official
Telegram: https://t.me/TUSDofficial_EN
Medium: https://trueusd.medium.com/
How do you stake CAKE to earn TUSD 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 TUSD Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 TUSD will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your TUSD tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official TUSD token contract address on Binance Smart Chain is:
https://bscscan.com/address/0x14016e85a25aeb13065688cafb43044c2ef86784
Any other TUSD 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 TUSD tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰
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