Proposal for PCS’s farm emissions confirmation - Ethereum

Proposal to confirm Ethereum farm emissions

Following the vote here, Chefs have been monitoring the liquidity levels and trading slippage on Ethereum pools which were initially set up.

There are currently 3 farms deployed on Ethereum

1. ETH / USDC
2. ETH / USDT
3. WBTC / ETH

Based on the initial deployment results, we propose to confirm the current farm multipliers and initial APRs at

1. ETH / USDC - 0.5x / ~9% APR
2. ETH / USDT - 0.2x / ~10% APR
3. WBTC / ETH - 0.2x / ~7% APR

The current APRs are consistent with, or higher, than other DEXs on Ethereum which incentivize the same pairs. Chefs believe that the current emissions are suitable in the initial phase of deployment, and will look to revise emissions again as we develop our products further and achieve more adoption on Ethereum.

Future plans for Ethereum

This confirmation concludes the first step of PancakeSwap’s deployment to Ethereum. From here on, we intend to build upon the initial deployment considering the following:

1. PancakeSwap will aim to get further visibility within the Ethereum ecosystem to attract additional Ethereum-based projects to deploy on PancakeSwap;
2. PancakeSwap will look to bring more our existing and build on future products to Ethereum so that we can attract more projects with a more competitive offering;
3. PancakeSwap will be looking to leverage its strength on BNB Chain to attract Ethereum-based projects to BNB Chain and vice-versa, so as to improve CAKE burn.