PancakeSwap Proposal For BENQI Syrup Pool And Farm
PancakeSwap proud to announce a new Syrup Pool with BENQI — a decentralized non-custodial liquidity market protocol on Avalanche.
The Syrup Pool:
Stake CAKE tokens to earn $QI tokens!
- Total Tokens: 3,000,000 QI
- Distribution duration: 60 days
- Start time: Approx. 11am UTC on November 18th 2021
- Finish time: Approx. 11am UTC on January 17th 2022
- Token rewards per block: 1.736 QI
The Farm:
In order to host the BENQI Syrup Pool, we’ll need to provide a QI-BNB farm. The farm will have 1x CAKE rewards for the first 48 hours, then 0.5x rewards after that.
About BENQI
BENQI is a decentralized non-custodial liquidity market protocol on Avalanche. It scales DeFi with a suite of yield-generating products.
The platform offers a Lending and Borrowing Market, with Liquid Staking in development. Users are able to lend tokens to the protocol to earn interest and borrow tokens in an over-collateralized manner. The QI token governs the protocol to influence parameters and improvements for the BENQI suite of products.
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.
Source:
https://medium.com/pancakeswap/pancakeswap-welcomes-benqi-qi-to-syrup-pool-d56d43f3804e
