CAKE holders, today we are delighted to be able to offer you a new Syrup Pool from Xend Finance, the first blockchain-based platform providing access to stable cryptocurrencies and DeFi for traditional credit unions.
The Syrup Pool:
Stake CAKE tokens to earn XEND tokens!
Total Tokens: 550,000 XEND
Distribution duration: 60 days
Start block: 7595200 (approx. 7am UTC on May 21st)
Finish block: 9323200 (approx. 7am UTC July 20th)
Token rewards per block: 0.31828 XEND
In order to host the XEND Syrup Pool, we will need to provide a XEND-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x 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 Xend Finance?
Xend Finance provides the tools and platform for a decentralized financial credit union, regardless of geographic location and home country currency. Members can earn multiple levels of interests on their savings by seamlessly exchanging their crypto or fiat currency to stable cryptocurrencies and staking — the process of locking up crypto assets to earn yields — on lending platforms so members can earn compound interest on their money. The Xend Finance platform is the world’s first decentralized finance (DeFi) credit union.
The native token of the Xend Finance ecosystem is the Xend Token ($XEND), which is used to reward users for saving, investing and performing different operations on the network.
$XEND tokens also generate interest for the users — the Xend Finance smart contract periodically invests user savings on DeFi lending protocols, which produces a second level of interest for the users.
To learn more about Xend Finance, the chefs advise you to visit their official communication channels:
How do you stake CAKE to earn XEND 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 XEND Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 XEND will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your XEND tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official XEND token contract address on Binance Smart Chain is:
Any other XEND 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 XEND tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰