PancakeSwap has launch a PERL-BNB farm and corresponding staking pool. The new token pool and farm was voted on and successfully passed by the community. Users can provide PERL-BNB pairs to fund the liquidity farm, allowing users to exchange the token. CAKE holders looking to take advantage of staking for the token can add CAKE to the provided staking pool. Starting on April 14, at 7AM UTC, the farm will have 2x CAKE rewards for the first 48 hours, then 1x CAKE rewards starting April 16 at 7AM UTC.
The PERL staking pool will exist for 60 days, distributing a total of 2,000,000 TLM via staking. Users can take advantage of the farm and staking pool by either purchasing PERL-BNB LP, or by staking CAKE to the PERL staking pool.
To access the new pool and farm, visit the PancakeSwap website. PerlinX (PERL) is a decentralized finance interface platform, allowing users to trade assets of any kind with each other through incentivized liquidity mining and synthetic asset generation. Participants on the PerlinX platform can stake their PERL tokens to provide liquidity and be rewarded for doing so. Rewards for liquidity provision will initially be distributed in PERL, BAL and UMA tokens.