TrueUSD Farm And Syrup Pool Are Now Live On PancakeSwap
PancakeSwap are delighted to be able to offer its users a new Syrup Pool from TrueUSD, the world’s most transparent stablecoin, fully collateralized and independently attested live on-chain.
Users can now Stake CAKE to earn TUSD and Stake TUSD-BUSD to earn CAKE.
Max Stake per wallet 100 CAKE for the first 48 hours, then unlimited CAKE staking afterwards.
To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 48 hours.
How do you stake CAKE to earn TUSD rewards?
Visit this webpage: https://pancakeswap.finance/syrup
Click “Approve CAKE” on the TUSD Syrup Pool
Click on the stake button.
Confirm the transaction.
About Boost
Boost is basically an increase in farm multiplier over a set period of time, which is offered in exchange for additional tokens from the boosted project, which are then put into a new Syrup Pool!
So basically, TUSD-BUSD will go from a 1x multiple to a 2x multiple, which will last for 7 days, which will only cause temporary dilution among the other farms, and at the same time, there will be a new TUSD Syrup Pool with $1M of tokens, to be earned by staking CAKE.
About TrueUSD
What is TrueUSD?
TrueUSD (TUSD) is the first independently-verified digital asset redeemable 1-for-1 for US Dollars. The ERC20 stablecoin uses multiple banks, escrow accounts, and third-party attestations to reduce counterparty risk, provide transparency, and prevent fraud.
TUSD offers liquidity on dozens of leading exchanges, DeFi protocols, and is supported by major OTC desks. TUSD also supports nearly instant minting and redemption speeds through the Silvergate Exchange Network (SEN) and PrimeX by PrimeTrust.
About PancakeSwap
PancakeSwap is decentralized exchange and 1st Automated Market Maker and Yield Farming on Binance Smart Chain.
PancakeSwap uses an automated market maker (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.
