Dear CAKE holders, we’re proud to announce a Syrup Pool with Equilibria Finance!
Equilibria Finance is a multi-chain DeFi platform that boosts yield for liquidity providers on Pendle. It achieves this by leveraging the vePENDLE model adopted by Pendle.
Liquidity providers who contribute to Pendle through Equilibria can now enjoy boosted rewards in both $PENDLE and $EQB, without the need of locking PENDLE and holding vePENDLE on their own.
PENDLE holders can convert their PENDLE on Equilibria and receive ePENDLE(a liquid version of vePENDLE) which can be staked to receive rewards.
Stake CAKE tokens to earn EQB tokens!
100 CAKE for the first 48 hours of the Syrup Pool.
The cap is to give everyone an equal opportunity to farm rewards at a high APY at the start of the farm.
In conjunction with the EQB Syrup Pool, we’ll be providing an EQB-BNB (1.00% fee tier) v3 farm.
The farm will have 3x CAKE rewards for 90 days. During the farm, or at the end of the 90-day period – approx. 0900 UTC on 17 Oct 2023 – the farm will be re-adjusted to a lower or zero multiplier unless the following metrics are comparable with other farms of a similar multiplier: 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.
We request for further flexibility in the multiplier, fee tier, and duration of the EQB farm. The aggregate CAKE emission to all EQB farm(s) will remain the same, but we may adjust the multiplier(s) and duration of the farm(s) to ensure high utilization rates, ultimately maximizing CAKE burn from trading volume.
EQB is the name of the Equilibria Finance governance token. There are multiple utilities for EQB token such as:
Follow this guide to staking in Syrup Pools:
https://docs.pancakeswap.finance/products/syrup-pool
The official EQB token contract address on BNB Chain is:
https://bscscan.com/token/0x374Ca32fd7934c5d43240E1e73fa9B2283468609
Any other EQB token will be a scam. Always verify the token address before buying tokens. If you receive an EQB token airdrop from another address, it’s probably a scam, and we advise you to ignore it.