Proposal for CAKE Rewards on DefiEdge’s Vaults

PancakeSwap Welcomes DefiEdge’s Integration to Position Manager on BNB Chain, Arbitrum, zkSync, Polygon zkEVM & Base!

Dear CAKE holders, we’re excited to announce a new position manager integration with DefiEdge on BNB Chain, Arbitrum, zkSync, Polygon zkEVM & Base!

DefiEdge is a liquidity management protocol that helps users manage their assets, optimize their earnings, and reduce the effort needed for managing positions.

Users can deposit their tokens into DefiEdge’s vaults with a single unified strategy. DefiEdge’s smart contracts will adjust the LP based on market volatility and trends, aiming to maintain a balanced 50-50 position across various ranges, enabling users to earn both CAKE and LP rewards.

DefiEdge’s Vaults & Liquidity Pools:

Deposit tokens into DefiEdge’s Vaults to earn additional CAKE rewards on top of LP rewards.

CAKE rewards will be distributed with the following criteria:

• Distribution duration: 14 days
• Total tokens: 1435 CAKE and 600 MATIC
• Start time: Approx. 1200 UTC on 7 Dec 2023
• Finish time: Approx. 1200 UTC on 21 Dec 2023

The CAKE incentives will be distributed in the following vaults:

• USDT-WBNB 0.05% (BNB Chain) - 410 CAKE
• WBNB-CAKE 0.25% (BNB Chain) - 410 CAKE
• USDC-ETH 0.05% (zkSync) - 205 CAKE
• ARB-ETH 0.05% (Arbitrum) - 205 CAKE
• USDC-USDbC 0.05% (Base) - 205 CAKE

The MATIC incentives will be distributed in the following vaults:

• USDC-ETH 0.05% (zkEVM) - 600 MATIC

The CAKE tokens will not come from increased emissions, but rather will be taken from our ‘Multichain Warchest’ allocation. The yield from DefiEdge’s vaults will encourage deeper LP liquidity, and ultimately leading to greater CAKE burn from increased volume and fees.

Image taken from our tokenomics page

Before the Finish Time of 1200 UTC on 21 Dec 2023, we will evaluate the performance of the vaults, and if appropriate, determine whether further incentivization would benefit CAKE holders.

How do you deposit into DefiEdge’s Vaults?

Deposit tokens into DefiEdge’s Vaults on PancakeSwap’s Position Manager:

https://pancakeswap.finance/position-managers

To learn more, visit the project’s official channels:

• Website: https://www.defiedge.io/
• App: https://app.defiedge.io/
• Docs: https://docs.defiedge.io/
• Medium: https://medium.com/@DefiEdge
• Twitter: https://twitter.com/DefiEdge/
• Discord: https://discord.com/invite/veGVeDbnBe
• Audits: https://docs.defiedge.io/Security/audits

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

The official contract addresses for DefiEdge's vaults are as follows:

• USDT-WBNB 0.05% (BNB Chain) - 0x14c6fa1b1d5d047672232b41a74acce093535816
• WBNB-CAKE 0.25% (BNB Chain) - 0x2d012195fc3297330f0b0f8c553f281d8dcf8337
• USDC-ETH 0.05% (zkSync) - 0x44e4a7f3de18c6e843bfe8754c23aa4e67e6a433
• ARB-ETH 0.05% (Arbitrum) - 0xdce0e85ed514626d698619be2135b0f3e16e8e06
• USDC-ETH 0.05% (zkEVM) - 0x3c50ff4e66a5f36133f2f36465607c07215b9a4c
• USDC-USDbC 0.05% (Base) - 0x3875bf4a7db5af64f9a9659ec371678743598594

To deposit tokens into DefiEdge’s Vaults, please visit PancakeSwap’s Position Manager page. Be careful of scam websites and always double-check the website URL before proceeding.