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PancakeSwapPancakeSwapby0x727DFEC0d79FAf8ca61a678B96aBc9E46E44cfe80x727D…cfe8

Enable lending using Syrup as collateral

Voting ended over 5 years agoSucceeded

A lending mechanism would allow Syrup stakers to borrow money using Syrup as collateral. The borrower would pay interest on this which would be paid out to other Syrup stakers.

If the Syrup collateral goes below a certain price, the borrower would be liquidated. A portion of the liquidated collateral would be burned, contributing to the deflationary mechanisms PancakeSwap is offering.

Lending collateral could also be extended to other crypto-assets such as BNB. However, Cake/Syrup should always be a necessary component of lending to promote the use of the token.

Off-Chain Vote

Yes, let me borrow money using my Syrup so I can be a degen
127.45K 100%
No, I hate additional APY and deflationary mechanisms
0 0%
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Timeline

Oct 25, 2020Proposal created
Oct 25, 2020Proposal vote started
Oct 28, 2020Proposal vote ended
Oct 26, 2023Proposal updated