Hassan Maishera
The Pancakeswap team announced in a tweet over the weekend that its community has approved its latest initial farm offering (IFO) proposal. The proposal was for Duet Protocol, a synthetic asset protocol that allows traditional assets to migrate to high-growth crypto.
The approval comes after last week’s rejection, with Pancakeswap making certain adjustments to the proposal before submitting it to the community again.
PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is down by less than 2% so far today and is currently trading at $6.08.
