Deri Protocol Farm And New Syrup Pool Are Now Live On PancakeSwap

Users can now Stake CAKE to DERI earn  and Stake DERI-BUSD LP to earn CAKE.

How do you stake CAKE to earn DERI 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 DERI Syrup Pool
• Click on the stake button.
• Confirm the transaction.

About Deri Protocol

Deri Protocol is a decentralized protocol to exchange risk exposures precisely and capital-efficiently. In the traditional financial world, this type of exchange is usually categorized under the term derivative.

A derivative is a contract that derives its value from the performance of an underlying entity, also called underlying, which can be an asset, an index or an interest rate. Investors/traders typically use derivatives for 3 reasons: to hedge, to increase leverage, or to speculate on an asset’s movement.

While there are already derivatives solutions for crypto, most of them are either centralised or insufficient to meet the needs and demands of potential DeFi clients. Simply speaking, the ultimate solution to exchanging risk exposures in the crypto world has to be something original and organic within the blockchain. And that’s exactly what Deri Protocol stands for!

However, in Deri Protocol’s case, the risk exposures are tokenized as non-fungible tokens (NFTs), so that they can be imported into other decentralized financial projects for their own financial purposes.

To learn more about Deri Protocol:

Website: https://deri.finance/#/index

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