PancakeBunny announces to launch on Polygon
Over the past month Team Bunny has made a considerable investment in the Team’s development capacity in order to deliver our Recovery Plan milestones at a significantly accelerated rate.
Consequently, and as promised in our last announcement, we are proud to announce that Team Bunny is on track to launch our Polygon fork next week!
The strategic importance of the Polygon fork is three-fold. First, conditions on Polygon substantially recapitulate the early conditions on BSC for which the tokenomics of PancakeBunny is optimized. We expect that, subject to the effective execution of the fork, we will be able to replicate on Polygon the virtuous cycle that PancakeBunny successfully created on BSC.
Second, over time, the Polygon fork will contribute significant cross-chain liquidity and fees to the PancakeBunny ecosystem, further amplifying important product innovations such as our Cross Chain Multiplexer suite.
And finally, and only as optimal for PancakeBunny and our Polygon (and other!) fork(s), we will support the cross-chain fungibility of BUNNY and Polygon BUNNY (referred to as “polyBUNNY” for the remainder of this article) to create demand for BUNNY across the full ecosystem of secure and established blockchains.
Stake ETH to Receive Bonus PolyBUNNY!
Beginning at 02:00 on 23 June (UTC) and ending at 24:00 on 30 June (UTC), users will be able to provide liquidity to support the launch of PancakeBunny’s Polygon fork and receive bonus polyBUNNY in addition to their regular farming rewards.
For each ETH staked during this pre-launch window, users will receive a bonus of 750 polyBUNNY according to the following mechanism:
- User provides 1 ETH on PancakeBunny’s Polygon fork;
- PancakeBunny mints 750 polyBUNNY for the user;
- PancakeBunny uses 0.5 ETH and 250 polyBUNNY to create a Quickswap LP token;
- PancakeBunny automatically begins farming the LP token in the newly forked polyBUNNY-ETH Pool to generate PancakeBunny Polygon yields (i.e. polyBUNNY-ETH LP + additional polyBUNNY rewards);
- PancakeBunny uses 250 polyBUNNY and the remaining 0.5 ETH to create another polyBUNNY-ETH LP token, which it then sends to the Polygon Bunny Pool to be farmed over the next 90 days (similar to the operation of the original Bunny Pool on BSC);
- PancakeBunny automatically stakes the remaining 250 polyBUNNY to farm returns in the newly forked Polygon Bunny Pool, which returns are then distributed in the form of polyBUNNY;
- staked pre-launch polyBUNNY-ETH LP and polyBUNNY tokens locked up for up to 90 days, subject to the ratio of pre-launch polyBUNNY to polyBUNNY minted post-launch.
About PancakeBunny
PancakeBunny is a decentralized finance (DeFi) yield aggregator and optimizer for the Binance Smart Chain, which is used for PancakeSwap (CAKE) and Venus (XVS), and will soon launch on Polygon (MATIC). PancakeBunny is one of the largest yield aggregators across ETH and BSC, in terms of TVL.
📰 INFO
https://pancakebunny.medium.com/pancakebunny-on-polygon-ec230eceffc3
