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moonrat.financemoonrat.financeby0x9c38030CbC30e2ca5db023115a486b97De688E250x9c38…8E25

[Team] Using Fund Proposal #2: Staking CAKE to increase BNB Reward Pool

Voting ended over 4 years agoSucceeded

There is another way to use the 570 BNB to increase the BNB Reward Pool monthly, but it has more risks.

We will use all 570 BNB to buy CAKE and stake on CAKE Syrup Pool. The current APY is 86%. Details https://pancakeswap.finance/pools

Then we will claim the CAKE reward, swap it to BNB and transfer it back to SMRAT’s BNB Reward Pool monthly.

It means we can add 25 to 35 BNB/month to the BNB Reward Pool (the BNB amount depends on the CAKE's price and its APY).

The risks of this proposal

  • CAKE price goes down
  • CAKE’s APY goes down

If you believe in the future of Pancakeswap, this proposal is a good choice because we can have a stable reward pool each month without worrying about trading volume or exchange listing.

In contrast, please vote 'Disagree' and vote for the old proposals. https://dao.moonrat.finance/#/moonrat.eth/proposal/QmbsADsBeDeVa9cJTpuh835iUN73YbXGccxNpuakj2J9EG

Off-Chain Vote

Agree with the Staking proposal
17.19T 49.9%
Disagree
17.28T 50.1%
Download mobile app to vote

Timeline

Sep 10, 2021Proposal created
Sep 10, 2021Proposal vote started
Sep 30, 2021Proposal vote ended
Oct 26, 2023Proposal updated