PancakeSwap Added Venus Protocol to Their Syrup Pool & Farm

Users will now be able to Stake CAKE to earn VRT and Stake VRT-BNB LP to earn CAKE.

How do you stake CAKE to earn VRT rewards?

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

About Venus Reward Token

Venus Reward Token is a mechanism created to become an additional mining distribution to suppliers and borrowers of Venus Protocol, with a goal to gradually lower XVS inflation rate and also include burning XVS throughout this process. Since XVS is the Governance token that controls the entire protocol, Venus’ goal is to make the total supply lower over time to make Governance more secure.

VRT will have a total supply of 30 Billion and be distributed to users over the course of 4 years, while Venus plan to have the XVS distribution double to around 8 years to compliment the reductions. All of this is subject to Governance changes and on-chain proposals.

To learn more about Venus Protocol and Venus Reward Token:

Visit here: https://venus.io/

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/pancakeswap-welcomes-back-venus-protocol-to-syrup-pool-5d1f06b2f78b