PancakeSwap

Rewards

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a> 
 </figcaption> 
</figure> 
One of the largest DEXes in crypto is initiating a game-changing liquidity initiative for its community. Now, generous rewards are available not only on "incentivized" pools but for all <a href="https://u.today/pancakeswap-burns-28-million-worth-of-cake-price-shows-positive" rel="noopener noreferrer nofollow">CAKE stakers</a> as well. 
<h2 id="pancakeswap-launchesrevenue-sharing-pool-for-cake-stakers">PancakeSwap launches&nbsp;Revenue Sharing Pool for CAKE stakers</h2> 
According to the official announcement shared by the team of PancakeSwap (CAKE), a flagship BNB Chain's DEX, its massive Revenue Sharing Pool kicks off for all CAKE holders. 
<blockquote class="twitter-tweet"> 
 🥞Introducing Revenue Sharing Pool: Earn real yield from PancakeSwap’s v3 Trading Fee Revenues!🌎Fixed-Term CAKE stakers now get to share in the growth and success of PancakeSwap directly. <a href="https://t.co/2MEbNE4hgR" rel="noopener noreferrer nofollow">https://t.co/2MEbNE4hgR</a> <a href="https://t.co/b3BDgPiWXw" rel="noopener noreferrer nofollow">pic.twitter.com/b3BDgPiWXw</a>— PancakeSwap🥞Ev3ryone's Favourite D3X (@PancakeSwap) <a href="https://twitter.com/PancakeSwap/status/1686006199710535680?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 31, 2023</a> 
</blockquote> 
With the new mechanism, liquidity providers of the fixed-term CAKE pool will be able to&nbsp;share 5% of the revenues generated from all v3 trading pairs with 0.01% and 0.05% fee tiers. 
That said, besides the "regular" CAKE staking rewards, users will be able to receive and claim their shares of PancakeSwap v3 trading fees seamlessly. 
PancakeSwap's total v3 trading volumes have eclipsed $12.5 billion, the team's statement says. 
As covered by U.Today previously, <a href="https://u.today/pepeusdt-liquidity-pool-on-bsc-added-by-pancakeswap-cake" rel="noopener noreferrer nofollow">PancakeSwap (CAKE)</a> launched its own play-to-earn product in May 2023. Its&nbsp;Pancake Protectors went live in mainnet with real rewards. 
<h2 id="extra-rewards-for-early-birds-of-cake-community">Extra rewards for "early birds" of CAKE community</h2> 
The exact amount of rewards will be calculated proportionally to the size of a user's CAKE stake and the duration of his/her staking period. Maximum staking time is 52 weeks, the announcement says. 
Rewards will be distributed between the participants of the program every week. In order to celebrate the launch of the initiative,&nbsp; the first four distributions will each receive 25% of the revenue sharing rewards from June and July, two months prior to the program's start. 
Following the announcement, the price of CAKE jumped over $1.59 on major spot trading platforms, adding 6.7% in almost no time. The token is back to the top 100 of the largest crypto assets on CoinMarketCap, with $337.4 million in aggregated capitalization.

PancakeSwap (CAKE) Launches Revenue Sharing Pool, CAKE Stakers to Benefit

Table of Contents

U_Today

Other articles published on Jul 31, 2023

Best Bitcoin Casinos That Accept Canadian Players 2023

Web3 Content Creation: Max Reisinger, Cherie Luo, Dulma Altan, Jim Louderback and Gabe Weis

NEOPIN Membership Season 1💎 Sign Up Now for a Free Gift Box!

Bitcoin Investor Sentiment Remains Strong Despite Declining Trading Volume

Bitcoin's Price Surge: A Sign of the Next Altcoin Season? CryptoBusy Analyzes

Bitcoin SV (BSV) Price Prediction 2023, 2024, 2025-2030

Join our free newsletter for daily crypto updates!