PancakeSwap tries again to bring Axie Infinity to the PancakeSwap protocol, this time offering voting on bringing two new pools and a new farm to PancakeSwap.
CAKE For AXS
The massive decentralized exchange (DEX) PancakeSwap have relaunched their efforts to onboard Axie Infinity to the PancakeSwap ecosystem. Following a failed proposal to onboard Axie Infinity, PancakeSwap has listened to the community and is now offering voting to implement two new pools.
PancakeSwap is also offering a new farm, AXS-BNB to earn CAKE. In the new vote, PancakeSwap includes a pool where users can stake CAKE and earn AXS. The first proposal only allowed users to stake AXS and earn CAKE. This proposal added additional rewards and has received overwhelming support. The farms are now live!
The recent news following the PancakeSwap AXS voting truly exemplifies the democratic power of decentralized finance (DeFi) and the meaningful strategies within it. PancakeSwap offered a proposal that failed, listened to their base, and came back with an improved proposal.
Although just happening over a couple of days, the efforts shown by PancakeSwap are tremendously significant.
What is Axie Infinity?
Axie Infinity is a gaming crypto platform based on the Ethereum network. Axie Infinity has also very recently joined the Binance Smart Chain network. The protocol can be best described as an open-ended digital pet universe. In the game, users have pets named Axies. Users, once in game, can battle, fight, earn, and build empires for their pets.
The protocol has grown tremendously in part to their novel “play to earn” style, where users contribute to the Axie ecosystem and are financially rewarded. In 2021, users can now earn the AXS governance token by playing.
What is PancakeSwap?
PancakeSwap is a Decentralized Exchange (DEX) built on BSC. 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 BSC.
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.