PancakeSwap will list DUSK and opens the DUSK-Syrup Pool on March 18th, 08:00 a.m. CET. Liquidity providers can earn CAKE, and stake CAKE to earn DUSK by using PancakeSwap’s popular Syrup pools.
tl;dr
- Decentralized Exchange PancakeSwap is adding DUSK
- You can provide DUSK liquidity to earn transaction fees and LP tokens
- LP tokens can be used to earn CAKE rewards
- CAKE rewards can be staked to earn DUSK tokens
The recently launched PancakeSwap is Binance Smart Chain’s most popular hub for DeFi innovation. With more than USD $ 3.7 Billion in value locked, it has become a popular venue for enthusiasts of new decentralized financial applications. PancakeSwap is built on Binance Smart Chain, which is known for fast, and low-cost transactions.
PancakeSwap will open the gates for DUSK on the 18th of March, 08.00 a.m. CET, creating new opportunities for DUSK holders and DeFi enthusiasts.
Users can provide liquidity by staking DUSK and Binance Coin (BNB) via the DUSK-BNB liquidity pool. In return, liquidity providers receive 0.17% of the transfer amount in trading fees and LP tokens. LP tokens can then be used to farm CAKE. You can read about the risks involved in providing liquidity here
48 hours - Double Cake Farming
For the first 48 hours, DUSK liquidity providers can stake their DUSK-BNB LP tokens to earn CAKE with a x2 multiplier until the period is over.
The DUSK Syrup pool: Use CAKE to earn DUSK
In addition, CAKE can be staked in Syrup pools to earn DUSK. Over the course of the next 60 days, a total of 800,000 DUSK tokens are available as rewards.
🏎️ Start block: 5781750 (March 18th, 3PM SGT)
🏁 Finish block: 7509750 (May 17th, 3PM SGT)
How do you stake CAKE to earn DUSK rewards?
- Visit: https://pancakeswap.finance/syrup
- Click “Approve CAKE” on the DUSK Syrup Pool
- Click on the stake button.
- Confirm the transaction.
It’s easy as pie… or cake!
How to start on PancakeSwap
In order to provide liquidity on PancakeSwap, you’ll need the BEP20 version of the DUSK token. You can convert your tokens via the Binance Bridge or simply withdraw them from Binance itself. The official DUSK token contract address on Binance Smart Chain is:
https://bscscan.com/address/0xb2bd0749dbe21f623d9baba856d3b0f0e1bfec9c
BEP20 DUSK will also be circulating and transferable on Binance Smart Chain. When you’ve connected your wallet, you’ll be able to harvest your DUSK tokens and trade on PancakeSwap at any time!
Relevant links
- A guide to Pancakeswap - https://academy.binance.com/en/articles/a-guide-to-pancakeswap
- Learn how to participate on PancakeSwap - https://docs.pancakeswap.finance/
- Binance Bridge - https://www.binance.org/en/bridge
- Binance Smart Chain Extension Wallet - https://docs.binance.org/smart-chain/wallet/binance.html
- Using MetaMask For Binance Smart Chain - https://docs.binance.org/smart-chain/wallet/metamask.html