Addresses holding $CAKE as of July 10 can join the Trading Campaign for $CAKE lockers.
Campaign Offers 1.7M $OLE, 25% Trading Bonus
OpenLeverage and PancakeSwap have joined forces on a trading campaign to distribute rewards for $CAKE Lockers with 1.7 million $OLE.
Accordingly, there will be 1.19 million $OLE for trading rewards and 510,000 $OLE for lending rewards, with an additional 25% bonus for users who trade via PancakeSwap.
“The rewards will be reduced by 5% daily, so users are encouraged to trade early,” according to OpenLeverage.
The association with PancakeSwap is a significant milestone marking OpenLeverage’s next major move on BNB Chain. OpenLeverage is a margin trading platform with potential DEX liquidity previously strategically invested in by Binance Labs. PancakeSwap also received strategic investment support from Binance Labs in early June.
In addition, with its position as the leading BNB Chain DEX through many recent active developments such as New Emission Reduction Proposal and Tokenomics 2.0, PancakeSwap will bring competitive benefits to OpenLeverage to create a launch platform great for the entire BNB Chain ecosystem to attract more cash flow from the derivatives segment.
What is PancakeSwap:
PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.
In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BNB Chain.
Where to find PancakeSwap:
What is OpenLeverage:
OpenLeverage is a margin trading protocol that allows traders without KYC to efficiently and securely trade any trading pair on the DEX with the OLE project token. OpenLeverage backers include Binance Lab, Crypto.com and Kucoin, and is audited by Certik, PeckShield and Code4rena.
Where to find OpenLeverage:
What is BNB Chain:
Previously known as the Binance Smart Chain (BSC), BNB Chain is a community-driven, decentralized, and censorship-resistant blockchain that is powered by Binance. It consists of BNB Beacon Chain and BNB Smart Chain, EVM compatible and facilitating a multi-chain ecosystem. Through the concept of MetaFI, BNB Chain aims to build the infrastructure to power the world’s parallel virtual ecosystem.
Find more about BNB Chain here:
source : BSC.News
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.