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Pancakeswap Proposes Adding CAKE Allocation To Bootstrap zkSync Era Liquidity

Twitter icon  •  Published il y a 8 mois  •  Hassan Maishera

The Pancakeswap team told its community via a blog post on Tuesday that it has submitted a new proposal for Adding CAKE Allocation to Bootstrap zkSync Era Liquidity.

The Pancakeswap team told its community via a blog post on Tuesday that it has submitted a new proposal for Adding CAKE Allocation to Bootstrap zkSync Era Liquidity. 

The team proposes to deploy new Farms on zkSync Era to boost the liquidity and provide juicy APRs to Liquidity providers. However, the kitchen will not increase emissions to enable these farms but draw from the “Multichain Warchest” allocation.

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by less than 1% today and is currently trading at $1.534.

 

Author

Hassan Maishera

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.