Axelarators.
30 Nov 2023, 15:22
🔠🔠 Axelarators!
🥞The latest proposal From PancakeSwap is up on the community forum: Locking up CAKE as veCAKE to incentivize axlUSDC pairs on PancakeSwap
📍Here’s the TL;DR:
“To boost liquidity, reduce slippage, and increase volumes for axlUSDC pairs on PancakeSwap, we are proposing US$100,000 worth of AXL tokens to be exchanged for CAKE tokens and locked up as veCAKE for 4 years.
Notably, this is not a token spend as the veCAKE will remain the property of Axelar. They will be used to vote for axlUSDC gauges across various chains on PancakeSwap every 2 weeks.”
🔗 Leave your comments, questions and feedback for the team here: