PancakeSwap Launches XEND Syrup Pool

By
Wilfred Victor
on
May 21, 2021
Category:
BSC News

XEND Syrup Pool 

PancakeSwap announced the XEND pool on May 20th, detailing the staking process, block start and end time, and the rewards for CAKE stakes for XEND rewards. XEND Finance, the first Africa-based Binance Smart Chain (BSC) protocol, provides its users with earning opportunities via staking and its saving and investing program. The blockchain-based platform provides access to stable cryptocurrencies and DeFi for traditional credit unions.

Stake CAKE, Earn XEND!


The Earnings

Stake CAKE tokens to earn XEND tokens, based on this distribution schedule.

Total Tokens: 550,000 XEND

Distribution duration: 60 days

Start block: 7595200 (approx. 7 am UTC on May 21st)

Finish block: 9323200 (approx. 7 am UTC July 20th)

Token rewards per block: 0.31828 XEND

Farm and Vote Update

There is usually a vote that allows users to dictate specific syrup pool actions, including rewards and emissions. But that will not be the case for XEND Syrup Pool; this is due to an issue with the vote nodes, according to the PancakeSwap team. The team asks that users should trust their decisions this time, promising non-deviation from their community’s expected standards. The voting nodes are currently being worked on, with hopes to resume community voting with the next DEX decision.

The PancakeSwap team will open a XEND-BNB farm to host the XEND Syrup Pool. The farm will have the usual 2X CAKE rewards for the first 48hrs and 1X CAKE rewards after that.


How to Stake CAKE to Earn XEND?

The first step is to own CAKE tokens, which can be acquired by using the AMM and either swapping or staking other currencies.

The following steps are a guide on how to stake CAKE in the Syrup Pool to earn XEND.

  • Visit the Syrup Pool page
  • Click “Approve CAKE” on the XEND Syrup Pool
  • Click on the stake button.
  • Confirm the transaction.

BEP20 XEND will also be circulating and transferable on Binance Smart Chain (BSC) when the Syrup Pool starts, so users will be able to harvest XEND tokens and trade on PancakeSwap at any time!


About XEND Finance 

XEND Finance is a Nigeria-based start-up backed by Binance Lab and Google Launchpad, set to revamp the way Cooperatives and Credit Union operate in Africa and beyond. It’s the first DeFi platform for Credit Unions and Cooperatives that will add extra layers of earning via staking to saving and investing on its protocol.


XEND Finance


XEND Finance is the first African company to build on Binance Smart Chain (BSC)  and one out of the 4 African startups that graduated from season 2 of the Binance Labs incubation program.

Xend Finance provides the tools and platform for a DeFi credit union, regardless of geographic location and native country currency. Members can earn multiple interest levels on their savings by seamlessly exchanging their crypto or fiat currency into stable cryptocurrencies and staking on lending platforms. The project recently partnered with Paralink to gain access to their oracle data, increasing the quality of their product.


Closing Thoughts

New tokens are added to the Syrup pools with fair rewards from time to time as part of the PancakeSwap yield protocol for users. The pool has featured quality platforms like Litentry, Fortube in the past, and now is offering XEND token yields for holders of its CAKE Token.

As with other tokens on the Syrup Pool, users should be wary of fake XEND tokens that may be in circulation. The official XEND token contract address on BSC  is: 0x4a080377f83D669D7bB83B3184a8A5E61B500608.

Any other XEND 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 XEND tokens, they will be fake tokens, and it is advised you ignore them.


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Wilfred Victor

Ace finds himself as a blockchain enthusiast who is focused on growing with the entire crypto sector. He is an energetic and passionate writer who believes that all things are achievable.

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