Dear CAKE holders, we’re proud to announce a new Farm with Xai Network!
Xai Network is an L3 gaming blockchain built on top of Arbitrum.
Xai Blockchain enables users to participate in open trade, allowing them to trade in-game items in their games without the need to interact with their crypto wallets.
Learn more about the list of games deployed on the Xai Blockchain here.
Stake XAI-WETH (0.25% fee tier) v3 LP to earn CAKE tokens!
At the end of the next epoch on 31 Jan 2024, the farm multiplier will be re-adjusted, based on the number of veCAKE votes received for the XAI-WETH gauge.
The CAKE tokens will not come from increased emissions but rather will be taken from our ‘Multichain Warchest’ allocation. The yield from the Farm will increase liquidity, which will ultimately lead to greater CAKE burn from increased volume and fees.
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| Image taken from our tokenomics page |
$XAI is primarily used for gas fees on the Xai Blockchain.
$XAI can be locked for esXAI for the following utilities:
The official XAI token contract address on Arbitrum is:
https://arbiscan.io/address/0x4Cb9a7AE498CEDcBb5EAe9f25736aE7d428C9D66
Any other XAI token will be a scam. Always verify the token address before buying tokens. If you receive an XAI token airdrop from another address, it’s probably a scam, and we advise you to ignore it.