Dear CAKE holders, we’re proud to announce a new Syrup Pool with Stader, a multi-chain liquid staking solution provider!
Stader Labs offers a convenient way for users to stake their assets. It offers liquid staking solutions across multiple chains - BNB Chain, Polygon, Hedera, NEAR, Fantom, etc.
With Stader’s BNB liquid staking solution, users can stake BNB and earn yields with capital efficiency. Users can also amplify their yields by deploying BNBx (liquid token for staked BNB) in DeFi.
The other token that powers the Stader ecosystem is SD, the native governance and value accrual token. Users can stake SD for rewards and governance rights.
Stake CAKE tokens to earn SD tokens!
100 $CAKE for the entire duration of the Syrup Pool.
The cap is to give everyone an equal opportunity to farm rewards at a high APY.
In conjunction with the SD Syrup Pool, we’ll be providing a BNBx-BNB Farm.
The Farm will have 1x CAKE rewards for 90 days. At the end of the 90-day period – approx. 1200 UTC on 4 Jun 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.
Stader (SD) token is the multi-utility native governance token for Stader across networks. The core utilities include:
BNBx is a reward-bearing liquid token. The value of 1 BNBx token vs. BNB increases over time as staking rewards accumulate.
Follow this guide to staking in Syrup Pools:
https://docs.pancakeswap.finance/products/syrup-pool
The official SD token contract address on BNB Chain is: https://bscscan.com/token/0x3bc5ac0dfdc871b365d159f728dd1b9a0b5481e8
Any other SD token will be a scam. Always verify the token address before buying tokens. If you receive an SD token airdrop from another address, it’s probably a scam, and we advise you to ignore it.