OpenDAO x PancakeSwap: Have your $Cake & Eat it Too!
“In retrospect, it was inevitable..”
Gas fees are out of control on Ethereum, we all feel the burn of making a simple trade. What started as just a cool idea, a little experiment bridging OPEN onto the Binance Smart Chain, has grown due to popular demand into a brand new way you can utilise your OPEN, to trade and yield farm with basically free transfers.
First steps first
It is highly recommended to read through our previous guide: https://medium.com/opendao/pancakes-burgers-and-binance-oh-my-60512a65880e
The article will step through connecting Metamask to BSC, and in addition this below video explains the wrapping process on Burgerswap*
Note — When approving OPEN, you will need to edit the Burgerswap transaction popup, from infinite, to a more reasonable number like 100million.
More info on that within the video.
Now that you’re up to speed, we have something important to unveil here today..
Announcing the PancakeSwap Syrup Pool
Starting at block 5208390 (countdown here), by staking CAKE tokens you can earn bOPEN tokens. This pool will run for approximately 60 days, with a whopping 125,000 bOPEN up for grabs!
Lucky you if you already hold CAKE..
But fear not
You can also earn CAKE with your OPEN tokens, by adding liquidity to the bOPEN-BNB farm on PancakeSwap!
For the first 48-hours, this pool will be generating 2x CAKE rewards, after which it will return to the normal 1x CAKE rewards.
How do you join the bOPEN-BNB farm?
🥞 Visit https://pancakeswap.finance/farms
🥞 Approve Contract on the bOPEN-BNB farm, and confirm the transaction.
🥞 If you need LP tokens, click Details, then the the Deposit bOPEN-BNB link.
🥞 Now, just click Stake LP and bake that delicious CAKE.
How do you stake CAKE to earn bOPEN?
🥞 Visit https://pancakeswap.finance/syrup
🥞 Approve CAKE on the bOPEN Syrup Pool
🥞 Then click Stake, and Confirm the transaction!
bOPEN contract: https://bscscan.com/token/0xf35262a9d427f96d2437379ef090db986eae5d42
bOPEN-BNB pool: https://pancakeswap.info/pair/0x9d8b7e4a9d53654d82f12c83448d8f92732bc761
Main site: https://OpenDAO.io
White Paper: https://opendao.gitbook.io/whitepaper-v2/
Transparency Document: https://opendao.gitbook.io/transparency/