Proposal for Synclub ($SnBNB) Syrup Pool and Farm

PancakeSwap Welcomes Synclub ($SnBNB) to Syrup Pool!

Dear CAKE holders, we’re proud to announce a new Syrup Pool with Synclub!

Synclub is a blockchain staking service provider, who has recently launched SnBNB, a yield-bearing liquid staking token (LST) that accrues yield rewards from BNB Staking.

A few weeks ago, Helio Protocol and Synclub merged to advance the development of LSTs in DeFi, leveraging Synclub's staking infrastructure expertise and Helio Protocol's LST-backed destablecoin, $HAY. Users can expect enhanced LSTfi offerings, greater accessibility of HAY, and more.

The Syrup Pool:

Stake CAKE tokens to earn SnBNB tokens!

• Total Tokens: 83.18 SnBNB
• Distribution duration: 60 days
• Start time: Approx. 0830 UTC on 28 Jul 2023
• Finish time: Approx. 0830 UTC on 26 Sep 2023
• Token rewards per block: 0.00004813 SnBNB

Max Stake per Wallet:

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.

The Farm:

In conjunction with the Stake CAKE, Earn SnBNB Syrup Pool, we’ll be providing an SnBNB-BNB (0.05% fee tier) v3 farm.

The SnBNB-BNB farm will start with 4x CAKE rewards for the 60-day period. If the TVL in the Farm picks up, we ask for discretion to increase the farm multiplier appropriately, up to a maximum of 11.5x. The duration and multipliers of the farm may be adjusted to optimize CAKE emissions.

During and at the end of the 60-day period, 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.

What is $SnBNB?

From the team: “SnBNB is a yield-bearing liquid staking token by Synclub, which appreciates against BNB in line with BNB's staking APR. Users can freely transact with SnBNB or use it across the DeFi ecosystem while earning staking rewards passively.”

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

• Website: https://synclub.io
• Twitter: https://twitter.com/Helio_Money
• Telegram: https://t.me/helio_money
• Discord: https://discord.com/invite/k5JZVQYpUn
• Medium: https://medium.com/@Helio-HAY
• Audits: https://synclub.gitbook.io/synclub-docs/protocol/security

How do you stake CAKE to earn $SnBNB rewards?

Follow this guide to staking in Syrup Pools:

https://docs.pancakeswap.finance/products/syrup-pool/syrup-pool-guide

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️💀

The official SnBNB token contract address on BNB Chain is:

https://www.bscscan.com/token/0xB0b84D294e0C75A6abe60171b70edEb2EFd14A1B

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