CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from DODO, a decentralized exchange leveraging the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC). Focused on making DeFi liquidity more accessible, DODO’s permissionless product suite consists of SmartTrade trading and aggregation, Crowdpooling/Initial DEX Offerings (IDOs), pools, and mining.
The Syrup Pool:
Stake CAKE tokens, to earn DODO tokens!
Total Tokens: 100,000 DODO
Distribution duration: 60 days
Start block: 5123000 (Feb 23rd 3PM SGT)
Finish block: 6851000 (April 24rd 3PM SGT)
Token rewards per block: 0.0578 DODO
In order to host the DODO Syrup Pool, we will need to provide a DODO-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 DODO?
DODO is a decentralized exchange leveraging the Proactive Market Maker (PMM) algorithm built on Ethereum and Binance Smart Chain (BSC).
DODO features capital-efficient liquidity pools that support single-token provision, reduced impermanent loss, and minimized slippage for traders. The trading platform also offers SmartTrade, a decentralized liquidity aggregation service that routes to and compares various liquidity sources to quote the optimal prices between any two tokens. In addition, DODO removes roadblocks hindering liquidity pool creation for the issuance of new assets such as asset ratios, liquidity depths, fee rates, and other parameters that can be customized and configured in real-time. DODO also introduced Crowdpooling, a permissionless, equal opportunity liquidity offering, as well as customizable technical solutions geared towards professional on-chain market makers.
The DODO token is a governance token that also grants holders trading fee discounts and Crowdpooling/IDO allocations on the platform. DODO tokens can be staked to mint vDODO, which are non-transferable tokens that serve as proof of membership in DODO’s loyalty program.
To learn more about DODO, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/dodoex_official
How do you stake CAKE to earn DODO rewards?
If you own CAKE tokens, congratulations! You’re the master of your own… 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 DODO Syrup Pool.
- Click on the stake button to add your CAKE to the pool.
- Confirm the transaction.
BEP20 DODO will also be circulating and transferable on BSC when we start the Syrup Pool, so you will be able to harvest your DODO tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official DODO token contract address on Binance Smart Chain is:
Any other DODO 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 DODO tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰