PancakeSwap Welcomes PowerPool to Syrup Pool!

CAKE holders, today we are happy to be able to offer you a new Syrup Pool from PowerPool, a DAO manager of non-custodial actively managed structured investment products.

The Syrup Pool:

Stake CAKE tokens to earn CVP tokens!

• Total Tokens: 242,500 CVP
• Distribution duration: 60 days
• Start block: 10531850 (approx. 9am UTC on September 1st)
• Finish block: 12259850 (approx. 9am UTC on October 31st)
• Token rewards per block: 0.14 CVP

Max Stake per wallet:

100 CAKE for the first 48 hours, then unlimited CAKE staking afterwards.

To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 48 hours.

The Farm:

In order to host the CVP Syrup Pool, we will need to provide a BSCDEFI-BNB farm that will have 1x CAKE rewards for the first 48 hours and then 0.5x CAKE rewards after that.

What is BSCDEFI?

BSCDEFI is a diversified basket of leading BSC Defi protocol tokens that captures not only their price action but also staking rewards. It contains yield bearing governance tokens for most major BSC Defi protocols - CAKE, XVS, MDX, EPS...more than 10 different tokens initially.

BSC users can use a single token - BSCDEFI instead of manually buying and staking more than 10 composite tokens to capture all benefits of BSC Defi ecosystem growth and staking rewards*. BSCDEFI composition (set of tokens and their shares) would be kept relevant to the market in the future by the DAO decisions based on fundamental metrics of BSC Defi protocols such as TVL, M.Cap, user base, fees collected, liquidity, etc.

*Currently, security audits for staking strategies are in progress. Once audits will be received, staking of CAKE and other tokens will be enabled. Users wouldn’t be required to do any actions for this.

What is PowerPool?

PowerPool, a DAO manager of non-custodial actively managed structured investment products. Currently, PowerPool has several structured investment products operating in Ethereum mainnet, including the product launched in partnership with Yearn.Finance (Yearn Lazy Ape). With the BSCDEFI launch PowerPool expands its operation to Binance Smart Chain with the aim to offer efficient and easy-to-use structured investments products to the BSC community.

To learn more about PowerPool, the chefs advise you to visit their official communication channels:

• Website: https://powerpool.finance/
• Twitter: https://twitter.com/powerpoolcvp
• Telegram: https://t.me/powerpoolcvp
• Discord: https://discord.com/invite/c5NhqqjYjE
• Wiki: https://wiki.powerpool.finance/

How do you stake CAKE to earn CVP rewards?

If you own CAKE tokens, congratulations! You’re the master of your … pancakes. Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.

• Visit this webpage: https://pancakeswap.finance/syrup
• Click “Approve CAKE” on the CVP Syrup Pool
• Click on the stake button.
• Confirm the transaction.

BEP20 CVP will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your CVP tokens and trade on PancakeSwap at any time!

BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀

The official CVP token contract address on Binance Smart Chain is: https://bscscan.com/token/0x5ec3adbdae549dce842e24480eb2434769e22b2e

The official BSCDEFI token contract address on Binance Smart Chain is: https://bscscan.com/address/0x40E46dE174dfB776BB89E04dF1C47d8a66855EB3

Any other CVP or BSCDEFI tokens will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for CVP or BSCDEFI tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.