Proposal for an Axelar ($AXL) Syrup Pool and Farm

PancakeSwap Welcomes Axelar ($AXL) to Syrup Pool!

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

Axelar is a cross-chain communication protocol built on proof-of-stake consensus. It allows users to send tokens across connected chains, and developers building on one chain to call any function on any other connected chain.

The Syrup Pool:

Stake CAKE tokens to earn AXL tokens!

• Total Tokens: 9,000 AXL
• Distribution duration: 30 days
• Start time: Approx. 1000 UTC on 18 Apr 2023
• Finish time: Approx. 1000 UTC on 18 May 2023
• Token rewards per block: 0.01041 AXL

Max Stake per Wallet:

100 CAKE for the entire 30 days of Syrup Pool.

The cap is to give everyone an equal opportunity to farm rewards at a high APY.

The Farm:

In conjunction with the AXL Syrup Pool, we’ll be providing an AXL-USDT (0.25% fee tier) v3 farm on BNB Chain.

The farm will have 4.2x CAKE rewards for the first 48 hours, followed by 2.1x CAKE rewards for the next 28 days. During and at the end of the 30-day period – approx. 1000 UTC on 18 May 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.

What is $AXL?

From the team: “Axelar Network uses proof-of-stake consensus. Token holders can stake the AXL token with validators and receive rewards. AXL is a governance token, allowing stakers to govern parameter changes and protocol upgrades.

For cross-chain transactions, AXL is used to pay network transaction fees. However, users only need to pay gas using the source-chain token. The protocol will convert the source-chain tokens into AXL and destination-chain tokens smoothly in the back-end.

AXL token is inflationary as staking rewards increase the total supply — but there is potential to become deflationary via a token burn mechanism, if the transaction fees collected exceed the total network processing cost.”

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

• Website: https://axelar.network/
• Cross-Chain Bridge: https://satellite.money/
• 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 $AXL rewards?

Follow this guide to staking in Syrup Pools:

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

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️💀

The official AXL token contract address on BNB Chain is:

https://bscscan.com/token/0x8b1f4432F943c465A973FeDC6d7aa50Fc96f1f65

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