Updates on CAKE Syrup Pool

New Emission CAKE Reduction Timeline & Enhancements to Fixed-Term Staking

Summary

In the summer of 2022, the PancakeSwap team initiated the MasterChef Migration. We introduced fixed-term staking to provide convenience and increased yield to our loyal users who stake their CAKE up to a 21x boost. At the same time, three of the previous CAKE Syrup Pools launched back in 2021 retired.

The new fixed-term staking provides a much higher yield than flexible staking and many extra benefits to users who choose to lock their CAKE such as boosted CAKE rewards (bCAKE), IFO credits (iCAKE), and locked governance voting (vCAKE). The new CAKE pool is built on top of the previous Auto CAKE vault. While rewards are not subject to yield boost in the case of fixed-term staking, and by reusing wordings and documents, it led to some inconsistencies in labeling and documents.

In short, when the CAKE pool is under fixed-term staking, yield % should be labeled as APR instead of APY. Upon the user’s initial staking, extending, or adding additional CAKE, the yield and ROI are consistent and correct. Users are able to enjoy a significant APR rate while the rewards are not subject to yield boost.

We want to clarify and ensure the users that:

• No users experience a loss of funds. It is NOT a security breach or a smart contract exploit. The CAKE Syrup Pool will continue to function normally.
• Your number of earned CAKE and CAKE balances in the pool is consistent and correct. Your CAKE profit will unlock along with your staking position.
• No issue has been found in the ROI calculation under the “LOCK OVERVIEW” UI upon starting, extending, or adding CAKE to the fixed-term staking position.

What’s Next? And looking ahead

We provided further clarification on our documentation and website (UI) to clarify rewards are not subject to yield boost in the case of fixed-term staking. We want to remind users that no one experienced a loss of funds. The yield and ROI are consistent and correct upon the user’s initial staking. Users are able to enjoy a significant APR rate while the rewards are not subject to yield boost.

The PancakeSwap team will introduce a new timeline for the CAKE Syrup Pool emission reduction. The final execution of the emissions cut will be delayed by 7 days — if and when the vote is passed. This will benefit CAKE fixed-term stakers by providing extra time to accumulate CAKE emissions.

Fixed-term staking will continue to be the core component of PancakeSwap’s ecosystem — Chefs will continue to build more juicy CAKE benefits for our community. In addition to the current IFO public sales (iCAKE), weighted voting power (vCAKE), and farm yield boosting (bCAKE), we will continue to develop CAKE utility along with our goal to become the leading multi-chain decentralized exchange (DEX).

On top of that, Chefs are cooking some updates to the existing fixed-term staking benefits:

• Allow users to boost more than 1 farm using bCAKE
• Enable bCAKE to more popular PancakeSwap farms
• Adjust bCAKE boosting parameter for a higher farm boosting ratio*
• Update iCAKE to benefit users who stake CAKE for longer periods of time*

*Users who have a longer duration of CAKE staked have a higher benefit ratio

We want to thank our amazing community members for their support throughout this journey. We will strive to continuously enhance our product offerings and improve the experience for everyone.

Stack ’em

The Chefs 🐰🥞