PancakeSwap Announces Fixed Term Staking and the Launch of MasterChef V2

PancakeSwap has announced the release of fixed-term staking to users. The most recent Medium announcement indicates that the debut of the fixed-term pool is soon and provides a high level of flexibility and convenience to users who have invested through $CAKE. Users can benefit from this new function by receiving bigger incentives and yield amounts for a longer period of time.

According to the Medium post, the Cake Syrup Pool is an amazing development for Chefs interested in fixed-term staking. After the security audits are completed, the debut of this amazing new pool will begin, allowing people to dive into the sweet syrup. PancakeSwap emphasizes that improving CAKE tokenomics is critical to burning more $CAKE and helping PancakeSwap in increasing supply circulation.

PancakeSwap Fixed-term and Flexible

According to the team, the presence of one Cake Syrup Pool would be enough for a complementary mix of fixed-term and flexible staking. The $CAKE Syrup Pool, which was launched in April 2021, has over 130 million CAKE with numerous offerings of simplicity and ease to clients.

Simply stake the pancakes and set them aside. You can take enjoyment from watching our staked balance of CAKE GOP blocks climb incrementally. According to sources, the Auto Cake Feature will be replaced, and the $CAKE Syrup Pool’s flexible staking option will take its place. Users can increase the locking period of their $CAKE in the pool, resulting in more flexible staking possibilities supported by a linearly increased APY.

Longer $CAKE locking periods will increase the final yield. Fixed-term compound users benefit from automatic staking as well, and they can earn CAKE rewards until the lock time expires. But the million-dollar question is when the above features will be made available.

The team states that they are temporarily waiting to enter into smart contracts for the most recent CAKE pool. Following the completion, the entire CAKE ecosystem will be subjected to a regulatory examination by reputable third-party industry-endorsed organizations. The team expects that the audits will be completed successfully very soon and that the migration process will begin before mid-April, following which MasterChef V2 will be introduced.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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