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Pancakeswap Community Approves The DUET Initial Farm Offering

Share on X icon · Published 4 years ago on March 7, 2022 · Hassan Maishera

The Pancakeswap team announced in a tweet over the weekend that its community has approved its latest initial farm offering (IFO) proposal.

Pancakeswap Community Approves The DUET Initial Farm Offering

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.

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Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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