PancakeSwap has announced its latest offering to users in the form of time-limited staking. The latest announcement made on medium shows that the launch of the term pool is imminent and offers a high level of flexibility and convenience for users who have invested through $CAKE. Users can benefit from this new feature with higher incentives and returns amounts for a longer period of time.
The Medium article noted that the Cake Syrup Pool is an exciting development for chefs interested in temporary staking. The launch of this amazing new pool begins after the security checks are completed, allowing users to dive into the sweet syrup.
PancakeSwap’s section emphasizes that improving the CAKE tokenomics plays a crucial role in burning more $CAKE and helps PancakeSwap improve supply circulation.
Temporary and flexible
The team stated that having a cake syrup pool would be sufficient for a free mix of temporary and flexible staking. Launched in April 2021, the $CAKE Syrup Pool features over 130 million CAKES with many offerings for simplicity and ease for customers.
The PancakeSwap team says
Just stick the pancakes and forget it. You can enjoy watching our staked balance of CAKE GOP blocks grow incrementally.
Sources have confirmed that the Auto Cake feature will be replaced and the $CAKE Syrup Pool flexible staking option will take its place. Users can extend their $CAKE’s lock period in the pool, resulting in expanded flexible staking options boosted by a linearly increased APY.
Longer blocking periods of the $CAKE increase the final yield. Auto staking is performed for the fixed term users and they can earn CAKE rewards until the lock period expires.
But the million dollar question is when will the above features finally roll out?
The team states that they are temporarily on hold to finalize smart contracts for the latest CAKE pool. Upon completion, the entire CAKE ecosystem will undergo a regulatory review process by reputable, industry-recognized third-party organizations.
The team expects the audits to be completed successfully shortly and the migration process to begin before mid-April, after which MasterChef V2 will be rolled out.
About PancakeSwap
It is a decentralized exchange (DEX) powered by the BNB chain. With diverse features such as swapping, liquidity pools, syrup pools, and swapping, these exchanges provide users with state-of-the-art technical protocols and allow them to capitalize on their crypto assets through NFT collectible lottery and earn through yield farming. PancakeSwap is the top apex player on the DEX platform on the BSC due to its largest market trading volume.
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