Proposal to Upgrade Zebec Protocol’s ($ZBC) Liquidity Pair for Farm Rewards from v2 to v3

Upgrade of Zebec Protocol’ Liquidity Pair for Farm Rewards from v2 to v3

We are proposing to shift Zebec Protocol’ Farm rewards from the current ZBC-CAKE v2 LP to the new ZBC-CAKE v3 LP.

We believe that transitioning to the ZBC-CAKE v3 pair will further incentivize the liquidity for the ZBC token, and support healthy trading volumes for PancakeSwap. As a result of the concentrated liquidity model, the same amount of liquidity in v3, compared to v2, can support significantly larger trades.

For example, for a $500 trade, with a liquidity of $200,000 in the pool, v3 is about 8x more efficient than v2. (Assuming the v3 liquidity was added across a price range of +/- 25% of the current ZBC price.)

To ensure a smooth transition between v2 and v3 pairs, there will be an overlap of one day where there will be incentives directed towards both farms. This will occur on 27 Apr 2023.

After 0730 UTC on 27 Apr 2023, only the v3 pair will receive incentives, so users are encouraged to migrate in advance of this time.

The New Farm:

The proposed new Farm will have doubled emissions for the first 7 days. For example, if the v2 farm emits 10 CAKE per day, the proposed v3 farm will emit 20 CAKE per day for the first 7 days and 10 CAKE per day thereafter.

Other differences are the change of the liquidity pair and moving from the v2 farm to the v3 farm.

Previous v2 Farm:

• Stake ZBC-CAKE LP, earn CAKE
• 1x multiplier
• 42 CAKE per day

New v3 Farm (1% fee tier):

• Stake ZBC-CAKE LP, earn CAKE
• 2x multiplier (4x multiplier for the first 7 days)
• 84 CAKE per day for the first 7 days and 42 CAKE per day thereafter

In the future, the farm will be re-adjusted to a 0x multiplier unless the following metrics are comparable with other 2x multiplier farms: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues or concerns related to users’ safety and security.

Key timelines

• Launch of ZBC-CAKE v3 farm: Approx. 0730 UTC on 27 Apr 2023
• Sunset of ZBC-CAKE v2 farm: Approx. 0730 UTC on 28 Apr 2023

How to migrate?

Please remember to shift your LP to the new farm before the v2 farm sunsets.

Please refer to the following link for migration instructions

What is Zebec Protocol?

Zebec Protocol is a continuous settlement protocol on the BNB Chain. The protocol enables continuous, real-time money streams, and uses ZBC as its governance token.

What is $ZBC?

From the team: “ZBC is the governance token of the Zebec Protocol. It serves two main use cases within the Zebec Ecosystem.

• ZBC staking allows holders to access Zebec's Product Suite for free and earn cashback when using the Zebec Card
• ZBC will be used to pay for transactions in the Zebec chain and as the reward token for Zepoch Node holders and network participants”

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

The official ZBC token contract address on Binance Smart Chain is:

https://bscscan.com/token/0x37a56cdcD83Dce2868f721De58cB3830C44C6303

​Any other ZBC token will be a scam. Always verify the token address before buying tokens. If you receive a ZBC token airdrop from another address, it’s probably a scam, and we advise you to ignore it.