CAKE holders, today we are super happy to be able to offer you a new Syrup Pool from OpenDAO, a decentralized, censorship resistant, trust minimised, viable and scalable endeavour to bring real world assets on-chain in a meaningful manner.
The Syrup Pool:
Stake CAKE tokens, to earn pOPEN tokens!
Total Tokens: 330,000 pOPEN
Distribution duration: 60 days
Start block: 7765000 (approx. 5am UTC on May 27th)
Finish block: 9493000 (approx. 5am UTC on July 26th)
Token rewards per block: 0.19097 pOPEN
Max Stake per wallet:
100 CAKE for the first 48 hours, then unlimited CAKE staking.
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 48 hours.
In order to host the pOPEN Syrup Pool, we will need to provide a pOPEN-BNB farm that will have 1x CAKE rewards for the first 48 hours and then 0.5x CAKE rewards after that.
Usually, there would be a vote, but as you may have noticed, there are currently issues with the nodes we have been using to support voting. As such, we hope that you will trust us on this one, and rest assured we are working to get the new version of voting deployed ASAP.
What is OpenDAO?
OpenDAO (pOPEN) serves as a bridge for real-world assets to cross over into the growing DeFi infrastructure. The goal is to bring more value into the space by providing exposure to real estate, stocks, and more… all in a uniquely permissionless and seamless manner.
The protocol is working on a USDO stablecoin: “Backed by the world around you,” starting with Bitcoin, Ethereum, and other crypto assets as collateral, but steadily moving to include more off-chain assets and on-chain assets as 2021 progresses.
This collaboration is part of the BSC migration for OpenDAO, as they make pOPEN their foremost presence on the Binance Smart Chain. This is a move that grants the DAO more control over its tokens and is the best play for the community. To read more about the migration, read this.
To aid OpenDAO’s goal of converting all bOPEN to pOPEN, we propose to depreciate the Farm rewards on the bOPEN-BNB Farm to 0x, when the pOPEN-BNB Farm commences.
To continue earning tasty CAKE rewards, please remove liquidity from your bOPEN-BNB LP, convert bOPEN to pOPEN here, then create the new pOPEN-BNB LP to stake it.
To learn more about OpenDAO, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/opendao
How do you stake CAKE to earn pOPEN 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 pOPEN Syrup Pool
- Click on the stake button.
- Confirm the transaction.
BEP20 pOPEN will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your pOPEN tokens and trade on PancakeSwap at any time!
BEWARE OF FOOD POISONING! ⚠️⚠️⚠️💀
The official pOPEN token contract address on Binance Smart Chain is:
Any other pOPEN 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 pOPEN tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰