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.