PancakeSwap To List TrueUSD to Their Syrup Pool & Farm

PancakeSwap to list TrueUSD to Their Syrup Pool & Farm

How do you stake CAKE to earn TUSD rewards?

Visit this webpage: https://pancakeswap.finance/syrup and https://pancakeswap.finance/farms

Click “Approve CAKE” on the TUSD Syrup Pool and Farm (once it goes live)

Click on the stake button.

Confirm the transaction.

The Syrup Pool:

Stake $CAKE tokens, to earn $TUSD tokens!

Total Tokens: 1,000,000 $TUSD

Distribution duration: 60 days

Start block: 7884300 (approx. 9am UTC on May 31st)

Finish block: 96123000(approx. 9am UTC on July 30th)

Token rewards per block: 0.5787 $TUSD

About 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.

About PancakeSwap

PacakeSwap 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-trueusd-to-syrup-pool-6c988fbce584