CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from Swingby, the fastest protocol for cross-chain swaps, allowing DeFi users to move assets between blockchains without the need for a trusted party.
The Syrup Pool:
Stake CAKE tokens, to earn SWINGBY tokens!
Total Tokens: 225,000 SWINGBY
Distribution duration: 60 days
Start block: 4953350 (Feb 17th 3PM SGT)
Finish block: 6681350 (Apr 17th 3PM SGT)
Token rewards per block: 0.13 SWINGBY
In order to host the SWINGBY Syrup Pool, we will need to provide a SWINGBY-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
Usually, this would need to be put to a vote. Unfortunately, however, there is an issue with the voting platform and we are currently looking at whether we try to fix it or pivot and build one that is non-reliant on SnapShot. So, not vote this time and we hope that you agree with launching the farm/pool.
What is Swingby?
Swingby’s Skybridge uses the latest in threshold signature cryptography (“TSS”) and multi-party computing (“MPC”) research to deliver a layer-2 cross-chain bridging protocol for users to move their assets from one blockchain to another. Each bridge exists as a proof-of-stake network.
On December 28th 2020, the first network was launched bridging Bitcoin onto Ethereum via WBTC. Yesterday, the team announced that their 2nd bridge will be launched at the end of March 2021, and it will bridge Bitcoin to Binance Smart Chain.
Tokens will no longer be constrained by their underlying blockchain’s trade-offs: use Bitcoin on Binance Chain, use Ethereum on EOS, use XRP on Tron; Skybridge technology opens up warp-speed decentralized links for endless decentralized finance (DeFi) possibilities.
To learn more about Swingby, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/SwingbyOfficial
How do you stake CAKE to earn SWINGBY 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 SWINGBY Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 SWINGBY will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your SWINGBY tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official SWINGBY token contract address on Binance Smart Chain is:
Any other SWINGBY 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 SWINGBY tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰