PancakeSwap Will List Dogecoin On Farm And Syrup Pool

Stake DOGE, Earn CAKE.

Yes, you read that right! Today we’re switching things up and announcing our intention to host a reverse Syrup Pool in which you can stake BEP20 DOGE to earn CAKE tokens!

Why DOGE?

DOGE is currently extremely underutilized on Binance Smart Chain and we’re hoping to change that… along with sharing the joy of $0.30 transactions, and you know, “much wow” and all that.

“But where will the CAKE come from for these rewards, Chef?”

Simple. PancakeSwap bought the CAKE for this pool back from the market.

Here’s the tx: https://twitter.com/PancakeSwap/status/1392436653113761795?s=20

The Syrup Pool:

Stake DOGE tokens, to earn CAKE tokens!

Total Tokens: 5,600 CAKE (Around $200,000)

Distribution duration: 14 days (403,200 blocks)

Start block: 7373010 (11am UTC 12th May)

Finish block: 7776210 (11am UTC 17th May)

Token rewards per block: 0.01388 CAKE

Max Stake per wallet: 1,000 DOGE (Around $500)

The Farm:

In addition to the Syrup Pool, PancakeSwap are hosting a DOGE-BNB farm that will have 1x CAKE rewards initially, which will be reviewed at a later date.

Remember, liquidity means less slippage, more trading and more CAKE burned as a result!

The Vote:

As usual, it needs to be approved via a vote.

VOTE NOW!

Why do need a vote? Since it dilutes farm rewards, the chefs want BSC’s greatest community to make the decision themselves.

What is DOGE?

To quote dogecoin.org — “shibe add little paw to zapzap coins, give to smol hodl, is gud. shibe ask french cousin for big people talk. jacques very brain, warrior priest, revolutionary, much write. cousin eat rich, much tasty. shibes eat rich too? snacc on rich, make much random, bring coins back. ask zapzap car man, vote for sploot? shibe will ride shiny truck, such wag.”

How do you stake DOGE to earn CAKE rewards?

If you own DOGE tokens, congratulations! Time to step up your taste buds by learning how to stake DOGE in the Syrup Pool.

• Visit this webpage: https://pancakeswap.finance/syrup
• Click “Enable” on the DOGE Syrup Pool
• Click on the stake button.
• Confirm the transaction.

You can harvest your CAKE tokens and trade on PancakeSwap at any time!

About PancakeSwap

PancakeSwap is decentralized exchange and 1st Automated Market Maker and Yield Farming on Binance Smart Chain.

PancakeSwap uses an automated market make r (AMM) model. That means that while you can trade digital assets on the platform, there isn’t an order book where you’re matched with someone else. Instead, you trade against a liquidity pool

Source:
https://pancakeswap.medium.com/much-wow-stake-doge-to-earn-cake-on-pancakeswap-9e7f39bd4c5e