BNB
by BSC News
December 30, 2022
PancakeSwap users have until midnight Jan. 3 to stake their CAKE tokens in the Pottery for a chance to win weekly draws from the prize pot.
PancakeSwap is opening up a new Pottery Cohort for the month of January, with a total prize pot of nearly $60,000 and counting.
For the Pottery, users stake CAKE tokens for a 10-week locking period at 11.53% APY, which is a reduced rate from the normal CAKE staking. That’s because 80% of staking rewards go into the prize pot, with winners picked weekly over the ten weeks.
Users who want to participate in the Pottery must stake at least 1 CAKE token by midnight UTC Jan. 3.
PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BNB Chain.
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