Dear CAKE holders, we’re proud to announce a new Farm with First Digital!
First Digital Trust is a qualified custodian and licensed trust company, the creators behind First Digital Labs, the research and development division that specializes in digital currencies including FDUSD.
The farm multiplier of this proposal will ensure that CAKE is distributed in a sustainable and beneficial manner for CAKE holders.
Stake FDUSD-USDT (0.01% Fee Tier) v3 LP pair to earn CAKE tokens!
During the 30-day farm period, we request for flexibility in the farm multiplier - we will start with 1x CAKE rewards and will adjust the multipliers as appropriate to enable optimal trading conditions, up to a maximum of 5x.
At the end of the 30-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.
FDUSD is a newly launched stablecoin pegged to the U.S. dollar and regulated by Hong Kong regulators. It is issued by FD121 Limited under the First Digital Group. The stablecoin is backed on a 1:1 basis by one U.S. dollar or asset of equivalent fair value held in accounts of regulated financial institutions in Asia.
The official FDUSD token contract address on BNB Chain is:
https://bscscan.com/token/0xc5f0f7b66764f6ec8c8dff7ba683102295e16409
Any other FDUSD token will be a scam. Always verify the token address before buying tokens. If you receive a FDUSD token airdrop from another address, it’s probably a scam, and we advise you to ignore it.