With an extremely successful OpenLeverage Trading Campaign for PancakeSwap $CAKE Lockers, they are extending their original campaign to allow new & current lockers to earn more rewards by staking their CAKE.

Addresses holding locked CAKE (snapshot taken on July 17th at 12 PM UTC) are invited to join our Trading Campaign for $CAKE Lockers, which will last for 14 days, starting on July 18th, 12 PM UTC, and ending on August 1st, 12 PM UTC.

The OpenLeverage will distribute 1,700,000 OLE rewards for the CAKE campaign per week. There are a total of 1,190,000 OLE for trading rewards, and 510,000 OLE for lending rewards.

Users who have held locked CAKE prior to the July 17th snapshot will be eligible for an additional 10% in rewards. Users who hold locked CAKE and execute trades via PancakeSwap will be eligible for an additional 5% in rewards. This means PancakeSwap-aligned users are eligible to receive up to 15% more OLE rewards.

Rewards will be reduced by 5% each day, meaning users are encouraged to trade early.

About PancakeSwap

PancakeSwap 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 match with someone else. Instead, you trade against a liquidity pool.

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About OpenLeverage

OpenLeverage, a permissionless lending and margin trading protocol, on Ethereum, BNBChain, and KCC, with future multi-chain deployments planned. The permissionless design allows users to launch a leverage trading market for arbitrary pairs, integrating with liquidity provided on DEXs. OpenLeverage provides a permissionless, decentralized, scalable, and secure leveraged trading facility that serves the long tail and fast-growing DeFi market.

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Source

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