Dear CAKE holders, we’re proud to announce a new Farm with Space ID!
Space ID is building a universal name service network with a one-stop identity platform to discover, register, trade, and manage web3 domains. Thus far, the team has launched .bnb and .arb domains for BNB Chain and Arbitrum.
This proposal will also boost APRs for some of our popular pairs across PancakeSwap, and is part of our preparation for our v3 deployment.
Similar to previous proposals, these adjustments do not reduce CAKE rewards to the Trading Allocation – the per block allocation to the Trading Allocation will be unchanged at ~3.11 CAKE/block as of proposal posting.
Existing pairs will not be affected by the change, as we will be increasing the % of CAKE going towards BNB Farms from the Trading Allocation.
We streamlined our tokenomics – structuring our emissions by function, rather than product –, and Farm Rewards are part of the Trading Allocation now. Read more here.
So, with the above in mind, we're proposing to redistribute CAKE rewards on the farms mentioned below:
Farm with Increased Multipliers
| LP | Current Weight | New Weight | Change |
|---|---|---|---|
| ETH-WBNB | 25 | 30 | +5 |
| BTCB-WBNB | 19 | 25 | +6 |
| BTCB-ETH | 4 | 6 | +2 |
| ID-USDT | 0 | 1 | +1 |
Stake ID-USDT LP to earn CAKE tokens!
The ID-USDT Farm will have 1x CAKE rewards for the entire 30 days, however, if trading volume for the pair is performing well, the Kitchen may increase its multiplier up to 3x. At the end of the 30-day period – approx. 1200 UTC on 23 Apr 2023 – the farm will be re-adjusted to a 0x multiplier unless the following metrics are comparable with other farms of similar multiplier: average daily volume, 14-day volume, unique token holders on BNB Chain, and there are no fundamental token issues or concerns related to users’ safety and security.
ID is the governance token of Space ID. The ID token serves as an essential part in the growth and sustainability of the SPACE ID ecosystem, incentivizing users to engage with the project and contribute to its success.
The utility of ID includes:
The official ID token contract address on BNB Chain is:
https://bscscan.com/token/0x2dfF88A56767223A5529eA5960Da7A3F5f766406
Any other ID token will be a scam. Always verify the token address before buying tokens. If you receive an ID token airdrop from another address, it’s probably a scam, and we advise you to ignore it.