CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from AllianceBlock, a decentralized, blockchain-agnostic layer 2 that bridges traditional and decentralized finance and automates the process of converting any digital or crypto asset into a bankable product!
The Syrup Pool:
Stake CAKE tokens, to earn bALBT tokens!
Total Tokens: 360,000 bALBT (currently worth over $100,000 USD)
Distribution duration: 30 days
Start block: 3689300 (4th Jan 4pm SGT)
Finish block:4553300 (3rd Feb 4pm SGT)
bALBT rewards per block: 0.4166 bALBT
The Farm:
In order to host the bALBT Syrup Pool, we will need to provide a bALBT-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
The Vote:
As usual, it needs to be approved via a vote.
VOTE NOW!
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
How do you stake CAKE to earn bALBT rewards?
If you own CAKE tokens, congratulations! You’re the master of your … pancakes.
Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.
- Visit this webpage: https://pancakeswap.finance/syrup
- Click “Approve CAKE” on the bALBT Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 bALBT will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your bALBT tokens and trade on PancakeSwap at any time!
How do you participate in the bALBT/BNB pool?
In order to get started, make sure you have BNB and bALBT on the Binance Smart Chain network. New to this? Read the previously released tutorial which shows how to setup MetaMask in order to work with Binance Smart Chain and how to bridge your ERC20 ALBT tokens to BEP20 bALBT tokens through BurgerSwap.
Read about it here: https://pancakeswap.medium.com/pancakeswap-welcomes-allianceblock-to-syrup-pool-stake-cake-earn-balbt-15843579525
