Proposal for Pendle ($PENDLE) Syrup Pool and Farm

PancakeSwap Welcomes Pendle ($PENDLE) to Syrup Pool!

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

Pendle is a yield-trading protocol. It seeks to deepen liquidity for protocols with yield-bearing assets, such as liquid staking tokens, while giving users the flexibility to earn fixed and/or flexible yield on those tokens.

The Syrup Pool:

Stake CAKE tokens to earn PENDLE tokens!

• Total Tokens: 36,969.420 PENDLE
• Distribution duration: 90 days
• Start time: Approx. 1300 UTC on 4 Jul 2023
• Finish time: Approx. 1300 UTC on 2 Oct 2023
• Token rewards per block: 0.01426 PENDLE

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 at the start of the farm.

The Farm:

In conjunction with the PENDLE Syrup Pool, we’ll be providing a PENDLE-BNB (1% fee tier) v3 farm.

The farm will have 14x CAKE rewards for 90 days. During the farm, or at the end of the 90-day period – approx. 1300 UTC on 2 Oct 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.

We request for further flexibility in the multiplier, fee tier, and duration of the PENDLE farm. The aggregate CAKE emission to all PENDLE farm(s) will remain the same, but we may adjust the multiplier(s) and duration of the farm(s) to ensure high utilization rates, ultimately maximizing CAKE burn from trading volume.

What is $PENDLE?

From the team: “Users can lock PENDLE to receive Vote-escrowed PENDLE, also known as vePENDLE. Pendle's governance relies on vePENDLE, which enables a higher degree of decentralization. By utilizing vePENDLE, PENDLE holders gain access to an array of features that increase the token's utility, such as:

• Boosting one’s liquidity provision APY
• Receiving a share of protocol revenue
• Voting for pools to channel PENDLE incentives
• Receiving swap fees from voted pools”

How to bridge $PENDLE to BNB Chain?

Portal Bridge by Wormhole supports bridging of PENDLE from Ethereum to BNB Chain. You may access the bridge here.

The token contract address for PENDLE on Ethereum is:

https://etherscan.io/token/0x808507121b80c02388fad14726482e061b8da827

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

• Dapp: https://app.pendle.finance/
• Website: https://pendle.finance/
• Twitter: https://twitter.com/pendle_fi
• Discord: https://pendle.finance/discord
• Medium: https://medium.com/pendle
• Github: https://github.com/pendle-finance

How do you stake CAKE to earn $PENDLE rewards?

Follow this guide to staking in Syrup Pools:

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

⚠️⚠️⚠️BEWARE OF FOOD POISONING⚠️⚠️⚠️💀

The official PENDLE token contract address on BNB Chain is:

https://bscscan.com/token/0xb3Ed0A426155B79B898849803E3B36552f7ED507

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