EasyFi Partners with PancakeSwap to bring yield maximizing programs on Binance Smart Chain
Stake CAKE, Farm EASY | Stake EASY-BNB LP Token, Farm CAKE
EasyFi is extremely delighted to announce a collaboration and partnership with PancakeSwap, the leading Automated Market Maker (AMM) and yield farm on Binance Smart Chain (BSC).
With our tie-up with the BSC-based AMM, we are expanding the horizons of the EasyFi protocol on Binance Smart Chain and together with PancakeSwap, will bring yield maximising programs on our protocol on BSC, for all our $EASY holders and EasyFi users.
We welcome all $CAKE holders to the EasyFi ecosystem for an experience with a Layer-2, multi-chain DeFi ecosystem.
Here is what we believe our collaboration will help in the following manner:
- New incentivization options for EASY holders via PancakeSwap as well as EasyFi protocol on BSC.
- Token swaps on BSC become smooth and seamless — helps in quick conversion of tokens for various farming programs.
- Creation of unique liquidity pools for better returns using EASY and other BEP20 tokens for various staking programs on PancakeSwap.
- Availability of high liquidity provisions on PancakeSwap will result in high APR % on various staking and farming programs.
- Opens new opportunities for the EasyFi ecosystem and the growth of collateral markets on our lending platform.
Programs Planned with PancakeSwap
- EASY Farming Program on Syrup Pool: Stake CAKE — Farm EASY
- Syrup Pool is a popular farming module on PancakeSwap that allows Binance Smart Chain projects to bootstrap adoption by distributing a portion of their tokens.
- For this program users need to visit the Pool link on PancakeSwap to start farming.
- CAKE holders need to stake their tokens and earn EASY tokens on the CAKE-EASY farming card which will be added soon after the voting is commenced and concluded.
More details on this program will be announced soon. Stay Tuned!
2. EASY-BNB Liquidity Pool and LP Token Farming: Stake EASY-BNB LP Tokens — Farm CAKE
- In order to host the EASY Syrup Pool, PancakeSwap will provide an EASY token farm in which users can stake EASY-BNB LP Tokens to earn CAKE. (Farm link announcement to be made soon)
- The farm will give out 2x rewards for the first 48 hours and then 1x rewards afterwards.
- EASY token holders will need to add liquidity with BNB on PancakeSwap on the liquidity pool module (https://exchange.pancakeswap.finance/#/pool)
- The resultant LP token received in the wallet will then need to be deposited in the EASY-BNB farming program to earn CAKE tokens.
- EASY-BNB Farm link will be available soon on the following page: https://pancakeswap.finance/farms
More details on this program will be announced soon. Stay Tuned!
Voting on PancakeSwap
As per the norms of the PancakeSwap, this farming option will have to go through a voting process with the community on BSC.
The Voting is happening at this link: https://voting.pancakeswap.finance/#/pancake/proposal/QmaEu3nqUtuvMbYuvFu45dUN3qMdw8LiJJRxYyAunqEMXE
About PancakeSwap
PancakeSwap is a Binance Smart Chain-based DEX launched by anonymous developers with a penchant for breakfast foods and rabbits! It is an automated market maker (AMM) — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
Website | Medium | Twitter | Telegram | Instagram | Github
About $CAKE
The PancakeSwap token CAKE is a BEP20 token that originally launched on Binance Smart Chain. The main function of CAKE is to incentivize the liquidity provision to the PancakeSwap platform. Users can also use CAKE for lotteries, win NFT collectibles and earn rewards through staking.
About EasyFi
Easyfi is a universal Layer 2 DeFi lending protocol built for defi focused on scalability, composability, and adoption. It has been designed as an open and inclusive financial network infrastructure to run on public networks to facilitate end-to-end lending & borrowing of digital assets and related financial products. Easyfi is being built upon the ethos of permission less networks & automation of smart contracts. The protocol is now available on Polygon (layer2), Ethereum and on the Binance Smart Chain.
Website | Twitter | Telegram | Whitepaper | App
To learn more about $EASY and EasyFi, please go through our whitepaper and other articles on this publication.
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