Proposal for CAKE Rewards on Range Protocol’s Vaults

PancakeSwap Welcomes Range Protocol’s Integration to Position Manager on BNB & ETH Chain!

Dear CAKE holders, we’re excited to announce a new position manager integration with Range Protocol on BNB Chain & Ethereum.

Range Protocol is a liquidity management protocol that helps users manage their assets, optimize their earnings, and reduce the effort needed for managing positions.

Depending on their preferences, users can deposit their tokens into Range Protocol’s vaults with three different strategies. Range Protocol’s smart contracts will then manage the liquidity positions on PancakeSwap’s v3 AMM based on the strategy selected to earn CAKE and LP rewards.

Range Protocol’s three strategies are:

• Pegged: creates LP positions in a very narrow range around the current price
• Active Strategy creates LP positions in a narrow range around the current price
• Passive Strategy creates LP positions in a wide range around the current price Learn more about them here.

Range Protocol’s Vaults & Liquidity Pools:

Deposit tokens into Range Protocol’s Vaults to earn additional CAKE rewards on top of LP rewards.

CAKE rewards will be distributed with the following criteria:

• Distribution duration: 14 days
• Total tokens: 2250 CAKE
• Start time: Approx. 1200 UTC on 17 Nov 2023
• Finish time: Approx. 1200 UTC on 1 Dec 2023

The incentives will be distributed in the following vaults on BNB Chain:

• USDT-WBNB (0.05%) Passive: 15% of total CAKE incentives,
• USDT-WBNB (0.05%) Active: 10% of total CAKE incentives,
• USDT-USDC (0.01%) Pegged: 10% of total CAKE incentives,
• CAKE-WBNB (0.25%) Passive: 20% of total CAKE incentives.

The incentives will be distributed in the following vaults on Ethereum:

• rETH-WETH (0.05%) Pegged: 20% of total CAKE incentives,
• USDT-USDC (0.01%) Pegged: 10% of total CAKE incentives,
• WETH-USDT (0.05%) Passive: 15% of total CAKE incentives.

The CAKE tokens will not come from increased emissions, but rather will be taken from our ‘Multichain Warchest’ allocation. The yield from Range Protocol’s vaults will encourage deeper LP liquidity, and ultimately leading to greater CAKE burn from increased volume and fees.

Image taken from our tokenomics page

Before the Finish Time of 1200 UTC on 1 Dec 2023, we will evaluate the performance of the vaults, and if appropriate, determine whether further incentivization would benefit CAKE holders.

How do you deposit into Range Protocol’s Vaults?

Deposit tokens into Range Protocol’s Vaults on PancakeSwap’s Position Manager:

https://pancakeswap.finance/position-managers

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

• Website: https://www.rangeprotocol.com/
• App: https://app.rangeprotocol.com/amm/pancakeswap
• Docs: https://range-protocol.gitbook.io/
• Medium: https://rangeprotocol.medium.com/
• Twitter: https://twitter.com/Range_Protocol
• Discord: https://discord.com/invite/range-protocol
• Audits: https://github.com/Range-Protocol/contracts/tree/master/audits

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️

The official Range Protocol’s vaults contract addresses on BNB Chain are:

• USDT-WBNB (0.05%) Passive: 0xB99F1Ce0f1C95422913FAF5b1ea980BbC580c14a
• USDT-WBNB (0.05%) Active: 0xfCCa9B42A366d9493E7c0a7eC4aD96E1B4204dfd
• USDT-USDC (0.01%) Pegged: 0xFEB0819A3d00EACf1D8F593D2538C33d34b76274
• CAKE-WBNB (0.25%) Passive: 0x5db61A5f05580Cf620a9d0f9266E7432811DC309

The official Range Protocol’s vaults contract addresses on Ethereum are:

• rETH-WETH (0.05%) Pegged: 0x581046c928cd7e892654A606Ce66F98b026DC793
• USDT-USDC (0.01%) Pegged: 0x52086FE16AC8D95537d8a1a00d57eBFBA7f92289
• WETH-USDT (0.05%) Passive: 0xFf9488D98d03Eaffe4B56B462c037769101b1b9c

To deposit tokens into Range Protocol’s Vaults, please visit PancakeSwap’s Position Manager page or Range Protocol’s app page. Be careful of scam websites and always double-check the website URL before proceeding.