Locked stake Cake can be used as collateral.
The user's locked stake Cake can be used as collateral. The user lends stable currency Busd with an annual interest of 6%. If the Busd cannot be returned in time, the corresponding collateral shall be deducted.For instance: Number of 52-week locked Cake in Syrup Pools:10000 30-day average price for Cake:12Busd Value of lending Busd:10000x12x70%=84000usd
Off-Chain Vote
Yes,good idea
73.1K CAKEVOTE44.9%
No
89.86K CAKEVOTE55.1%
Timeline
May 01, 2022Proposal created
May 01, 2022Proposal vote started
May 05, 2022Proposal vote ended
Oct 26, 2023Proposal updated