CAKE holders, today we are excited to be able to offer you a new Syrup Pool from PerlinX, a project democratising the trading of real-world assets through decentralized liquidity pools and synthetic asset generation.
Stake CAKE tokens to earn PERL tokens!
Total Tokens: 2,000,000 PERL
Distribution duration: 60 days
Start block: 6551860 (approx. 7am UTC on April 14th)
Finish block: 8279860 (approx. 7am UTC on June 13th)
Token rewards per block: 1.1574 PERL
In order to host the PERL Syrup Pool, we will need to provide a PERL-BNB farm that will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
As usual, it needs to be approved via a vote.
Why do we need a vote? Since it dilutes rewards, the chefs want BSC’s greatest community to make the decision themselves.
PerlinX is a decentralized finance interface platform, allowing users to trade assets of any kind with each other through incentivized liquidity mining and synthetic asset generation.
PerlinX utilizes incentivized liquidity provision through the use of liquidity pools powered by the Balancer protocol. Participants can stake their PERL tokens to provide liquidity and be rewarded for doing so. Rewards for liquidity provision will initially be distributed in PERL, BAL and UMA tokens.
PerlinX also leverages the UMA protocol to generate synthetic assets. Each asset will have its own price feed, which is powered by UMA’s Data Verification Mechanism (DVM), a decentralized oracle that’s designed to solve the problem of centralized and corruptiple oracle price feeds. All synthetic assets on PerlinX will have the prefix px (eg. pxGold, pxCarbon, etc). Every synthetic asset created using the PerlinX platform will require PERL as collateral.
To learn more about PerlinX, the chefs advise you to visit their official communication channels:
Telegram (English): https://t.me/perlinnetworkchat
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.
BEP20 PERL will also be circulating and transferable on BSC when we start the Syrup pool, so you will be able to harvest your PERL tokens and trade on PancakeSwap at any time!
The official PERL token contract address on Binance Smart Chain is:
Any other PERL 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 PERL tokens, they will be rotten tokens (but not the cool kind!), and we advise you to ignore them.
Chef Hops 🐰