Proposal for a Axelar ($axlUSDC) Syrup Pool and Farm

PancakeSwap Welcomes Axelar ($axlUSDC) to Syrup Pool!

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

Axelar is a cross-chain communication protocol, with many applications: sending wrapped assets; secure cross-chain payload management; application interoperability; and many more, all delivered in a simple UI/UX.

The Syrup Pool:

Stake CAKE tokens to earn axlUSDC tokens!

• Total Tokens: 35,000 axlUSDC
• Distribution duration: 90 days
• Start time: Approx. 1200 UTC on 15 Feb 2023
• Finish time: Approx. 1200 UTC on 16 May 2023
• Token rewards per block: 0.01350 axlUSDC

Max Stake per Wallet:

100 CAKE for the entire duration 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 axlUSDC Syrup Pool, we’ll be providing an axlUSDC-USDT farm.

The farm will have 0.9x CAKE rewards during the 90-day period. At the end of the 90-day period – approx. 1200 UTC on 16 May 2023 – the farm will be re-adjusted to a 0x multiplier unless the following metrics are comparable with other farms of 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 $axlUSDC?

From the team: “axlUSDC is Axelar's bridged version of Ethereum USDC – for every axlUSDC there is one USDC locked on Ethereum. axlUSDC functions as Axelar's routing asset across the 30 chains supported by the Axelar Network. This axlUSDC <> USDT pool will power hundreds of cross-chain applications built on top of Axelar's decentralized cross-chain infrastructure, including native to native cross-chain swaps.”

For more information on axlUSDC, please read Axelar’s introductory guide (link here)

Where can I use axlUSDC?

To perform cross-chain swaps involving axlUSDC, you may use Squid Router’s app (link here), powered by Squid and Axelar. Squid Router currently supports token swaps across 7 chains, but do note that the app is still in beta.

To perform simple cross-chain bridging of tokens including axlUSDC, you may use Satellite (link here), powered by Axelar. Satellite currently supports 29 chains.

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

• Website: https://axelar.network/
• Twitter: https://twitter.com/axelarcore
• Discord: https://discord.gg/axelar
• Block Explorer: https://axelarscan.io/
• Dev Docs: https://docs.axelar.dev/
• Github: https://github.com/axelarnetwork

How do you stake CAKE to earn $axlUSDC rewards?

Follow this guide to staking in Syrup Pools:

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

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️💀

The official $axlUSDC token contract address on BNB Chain is:

https://bscscan.com/token/0x4268b8f0b87b6eae5d897996e6b845ddbd99adf3

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