Pancakewap starts first ifo on arbitrum with its own pie
Pancakewap starts first ifo on arbitrum with its own pie
Singapore, Singapore, September 18, 2024, Chainwire
important findings:
- Pancakeswap starts his first initial farm offering (ifo) on Arbitrum and thus marks an important milestone in its multichain expansion strategy.
- The ifo will introduce Eigenpie, a leading liquid-refaking protocol on your own layer.
- The Ifo is carried out by September 24, 2024, 10:15 a.m. UTC until September 25, 2024, 10:15 a.m. UTC.
- The participation methods include a basic IFO for all cake holders and a public ifo with reduced fees for vecake holders.
The upcoming IFO will run from September 24, 2024 at 10:15 a.m. UTC until September 25, 2024 at 10:15 a.m. This project is an important moment for Pancakewap because it introduces its popular IFO model at Arbitrum after SWAP, YIILD FARming, prediction markets and perpetual trading were successfully introduced in the network.
Eigenpie represents an innovative approach in the defi area. Eigenpie is based on your own layer and is a liquid-refaking protocol that enables users to use your ETH or Liquid staking tokens (LSTS) again. The again used asset is used to validate other services, while users can maintain liquidity via a liquid-refaking token (LRT).
The heart of this ifo is the EGP token, which serves as a native governance token from Eigenpie. EGP enables its owners to participate in the protocol governance, potentially receive rewards through commitment and to strengthen their influence by the voice-locked EGP (VLEGP).
Participation in the Ifo is possible via two main channels. The Basic IFO is open to all cake owners. For those with Vecake on BNB Chain, a public ifo offers exclusive access to a reduced participation fee. Participants have to lock cake to get Vecake, which they then use for participation in the ifo.
Liability and risk coloring: This content serves exclusively for information and education purposes and does not represent financial, legal or professional advice. It is not a recommendation for buying a specific product or a specific service. Please contact qualified consultants for personal advice. Participation in the IFO carries risks and can be restricted in some areas. Before participating, make sure that you comply with local laws and regulations.
via pancakewap
Pancake exchange is a leading decentralized multichain exchange that is based on an automated market-maker model (AMM) and is available via nine chains: BNB chain, ether, Ethereum, Aptos, polygon zkevm, ZKSync era, arbitrum one, linea, base and opbnb. Pancakewap was introduced in 2020 and is one of the most popular Dexs in the cryptocurrency industry due to its low transaction fees, its high -speed trade and its user -friendly platform. Pancakeswap has a cumulative trading volume of over $ 828 billion and a total value of over $ 1.58 billion, which makes it a leading multichain dex in the industry. Find more information under https://pancakeswap.finance/ .
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Source: Coinlist.me
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