Proposal for a Beta Finance Syrup Pool and Farm

PancakeSwap Welcomes Beta Finance to Syrup Pool!

CAKE holders, today we are happy to be able to offer you a new Syrup Pool from Beta Finance, a permissionless money market protocol for lending, borrowing, and shorting crypto.

The Syrup Pool:

Stake CAKE tokens to earn Beta Finance tokens!

• Total Tokens: 3,000,000 BETA
• Distribution duration: 60 days
• Start time: After withdrawals on Binance are enabled
• Token rewards per block: 1.7361 BETA

Max Stake per wallet:

100 CAKE limit for the first two days, then the limit will be removed on the third day after the Syrup Pool starts.

To give as many CAKE holders the opportunity to Farm some juicy pool rewards at a high APY, we will have a 100 CAKE token cap staking limit per user for the first 2 days.

The Farm:

In order to host the BETA Syrup Pool, we will need to provide a BETA-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.

What is Beta Finance?

Beta Finance is a cross-chain permissionless money market protocol for lending, borrowing, and shorting crypto. Beta Finance has created an integrated “1-Click” Short Tool that enables DeFi natives to take the opposite side of a trade and counter volatility, as well as allow anyone, anywhere, anytime to create money markets for a token automatically, unlocking new asset utilization.

With a focus on the user experience, Beta Finance allows DeFi users to initiate, manage, and close short positions with single clicks by using its “1-Click” Short Tool, while providing relevant metrics and information before position execution. Beta Finance also allows users to create a money market for any ERC-20 token automatically, supporting the long tail of assets. Anything from fractionalized NFTs to mature tokens can be listed on Beta Finance, without having to go through governance or the team for onboarding. To support volatile assets, Beta Finance introduces an isolated collateral model where users are only liable for the collateral explicitly associated with a position. This limits the liabilities of borrows and short sellers on the protocol, allowing them to take on greater risk by choice.

Users can be lenders and/or borrows/short sellers on Beta Finance. Lenders are able to lend out any token, creating the market permissionlessly if it is yet to exist, and start earning yield on their holdings. Traders are able to pay a premium to execute short trades and hedging strategies with accessibility to all tokens.

Beta Finance’s mission is to offset volatility and facilitate greater stability for the long-term, mainstream adoption of DeFi by individuals and institutions through building critical DeFi tooling and infrastructure. The Beta Finance team is excited by the high interest shown by the community, and is committed to building for the years to come.

To learn more about Beta Finance, the chefs advise you to visit their official communication channels:

• Website: https://betafinance.org
• Telegram: https://t.me/BetaFinanceProtocol
• Twitter: https://twitter.com/beta_finance
• Discord: https://discord.gg/kcecQQRyZJ

How do you stake CAKE to earn BETA rewards?

If you own CAKE tokens, congratulations! You’re the master of your … pancakes. Time to step up your taste buds by learning how to stake CAKE with Syrup Pool.

• Visit this webpage: https://pancakeswap.finance/syrup
• Click “Approve CAKE” on the BETA Syrup Pool
• Click on the stake button.
• Confirm the transaction.

BEP20 BETA will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your BETA tokens and trade on PancakeSwap at any time!

BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀

The official BETA token contract address on Binance Smart Chain is:
https://bscscan.com/token/0xbe1a001fe942f96eea22ba08783140b9dcc09d28

Any other BETA token will be a scam and will result in a financial loss for users. Do not buy tokens from any other token address. Always verify the token address before purchasing tokens. If you receive airdrops from another address for BETA tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.