PancakeSwap Welcomes MCDEX ($MCB) to Syrup Pool!

CAKE holders, today we are happy to be able to offer you a new Syrup Pool from MCDEX, an AMM-based decentralized perpetual swap protocol.

The Syrup Pool:

Stake CAKE tokens to earn MCB tokens!

• Total Tokens: 12,200 MCB
• Distribution duration: 60 days
• Start block: #11793300 (approx. 12pm UTC on October 15th)
• Finish block: #13521300 (approx. 12pm UTC on December 14th)
• Token rewards per block: 0.00706 MCB

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 MCDEX’s MCB Syrup Pool, we’ll need to provide a MCB-BNB farm that will have 1x CAKE rewards for the first 48 hours, and then 0.5x CAKE rewards after that.

What is MCDEX?

From the team: “MCDEX is an AMM-based decentralized perpetual swap protocol. Perpetual swap is one of the most popular derivatives that has no expiration date, supports margin trading, and has its price soft pegged to index price.

The goal of MCDEX is to allow anyone to create and trade in any perpetual market. To start with, anyone can create their own perpetual market with the price feed of the underlying asset and choose any ERC20 as collateral. Secondly, the team has designed an AMM for the perpetual market and this AMM also has better capital efficiency. Moreover, AMM solves the liquidity problem - anyone can provide liquidity to AMM by depositing assets in the pool and get a reasonable market making profit. Finally, anyone can trade perpetual swaps permissionlessly. Traders’ assets are in the smart contract in a noncustodial way and the process of trading are conducted completely onchain.

Permissionless is the key feature of the protocol, which can empower the whole community to contribute to the MCDEX ecosystem - anyone can create the perpetual market of an on-chain or off-chain synthetic assets.”

To learn more about MCDEX, visit their official channels:

Website: https://mcdex.io/homepage/

Overview https://docs.mcdex.io/

Twitter: https://twitter.com/MonteCarloDEX

Telegram: https://t.me/Mcdex

Discord: https://discord.com/invite/uut3V3D

How do you stake CAKE to earn $MCB rewards?

Follow this guide to staking in Syrup Pools:

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

BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀

The official MCDEX MCB token contract address on Binance Smart Chain is:

https://bscscan.com/token/0x5fe80d2cd054645b9419657d3d10d26391780a7b

Any other MCB token will be a scam and will result in a financial loss. Always verify the token address before purchasing tokens. If you receive a MCB token airdrop from another address, it’s probably a scam and we advise you to ignore them.