Singapore, Singapore, September 18, 2024, Chainwire

Highlights:

• PancakeSwap has launched its first Preliminary Farm Providing (IFO) on Arbitrum, marking a key milestone in its multi-chain growth technique.
• IFO will characteristic Eigenpie, the main Liquid Restaking protocol on EigenLayer.
• The IFO will run from 10:15 AM UTC on 24 September 2024 to 10:15 AM UTC on 25 September 2024.
• Methods to take part embody a Primary IFO for all CAKE holders and a Public IFO with discounted charges for veCAKE holders.

PancakeSwap has introduced its first Preliminary Farm Providing (IFO) on the Arbitrum Community. The occasion will highlight Eigenpie, a widely known Liquid Restaking Protocol on EigenLayer with over $1B in TVL, and marks a major step in PancakeSwap's continued growth.

The following IFO will happen from 10:15am UTC on September twenty fourth, 2024 to 10:15am UTC on September twenty fifth, 2024. This initiative marks a major second for PancakeSwap because it introduces its fashionable IFO mannequin to Arbitrum, following the profitable earlier launches of swaps, yield farming, prediction markets, and perpetual buying and selling on the community.

Eigenpie is an modern method within the DeFi house. Constructed on EigenLayer, Eigenpie is a Liquid Restaking protocol that permits customers to restake ETH or Liquid Staking Token (LST). The restakeed property are used to validate different companies, permitting customers to take care of liquidity by way of Liquid Restaking Token (LRT).

On the coronary heart of this IFO is the EGP token, which serves as Eigenpie's native governance token. EGP permits holders to take part in protocol governance, doubtlessly earn rewards for his or her involvement, and scale their affect via vote-locked EGP (vlEGP).

Participation within the IFO will happen via two important channels: The Primary IFO might be open to all CAKE holders. The Public IFO will present unique entry with a reduced participation price to those that maintain veCAKE on the BNB chain. Members might want to lock up CAKE to obtain veCAKE, which they may use to take part within the IFO.

Disclaimer and Threat Warning: This content material is for informational and academic functions solely and doesn’t represent monetary, authorized, or skilled recommendation. It isn’t a advice to buy any particular services or products. Please seek the advice of a certified advisor for individualized steering. Participation in an IFO includes dangers and could also be restricted in some places. Please make sure you adjust to native legal guidelines and laws earlier than taking part.

About PancakeSwap

PancakeSwap is a number one multi-chain decentralized trade working on an Automated Market Maker (AMM) mannequin and is obtainable on 9 chains: BNB Chain, Ethereum, Aptos, Polygon zkEVM, zkSync Period, Arbitrum One, Linea, Base, and opBNB. Launched in 2020, PancakeSwap is among the hottest DEXs within the cryptocurrency trade because of its low buying and selling charges, high-speed buying and selling, and user-friendly platform. PancakeSwap has a cumulative buying and selling quantity of over $828 billion and a complete locked worth of over $1.58 billion, making it the trade's main multi-chain DEX. For extra info, please go to https://pancakeswap.finance/.

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