Proposal for Axelar ($AXL and $axlUSDC) Farms Optimization

Axelar - Farms Optimization

Dear CAKE holders, to improve trading conditions and CAKE buyback, we are optimizing CAKE emission to the current Axelar farms - axlUSDC-USDT and AXL-USDT on BNB Chain.

By redirecting CAKE from underperforming to high-performing Axelar farms, we are able to encourage higher volume and liquidity, ultimately leading to greater trading fee revenue and therefore CAKE burns.

This ensures CAKE is distributed in a sustainable and beneficial manner for CAKE holders.

The Farms

📝 Please note: There is no change in the total amount of CAKE incentives we will be directing towards the Axelar farms:

Farm	Previous Multiplier	New Multiplier	Change
axlUSDC-USDT (BSC)	3.7x	5.1x	+1.4x
AXL-USDT (BSC)	3.3x	1.7x	-1.6x

We propose to increase the farm multiplier of axlUSDC-USDT (Stableswap) on BSC to 5.1x CAKE rewards, while decreasing the farm multiplier of AXL-USDT (0.25%) on BSC to 1.7x CAKE rewards. This will be executed shortly after the end of the vote proposal, if it passes.

We request for further flexibility in the multipliers and duration of the Axelar farms. The aggregate CAKE emission to these farms will remain the same, but we may adjust the multipliers and duration of the farms to ensure high utilization rates, ultimately maximizing CAKE burn from trading volume.

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️💀

The official AXL token contract address on BNB Chain is:

https://bscscan.com/token/0x8b1f4432F943c465A973FeDC6d7aa50Fc96f1f65

The official $axlUSDC token contract address on BNB Chain is:

https://bscscan.com/token/0x4268b8f0b87b6eae5d897996e6b845ddbd99adf3

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