BNB

PancakeSwap Opens New Pottery Cohort for Month of January

by BSCN

December 30, 2022

PancakeSwap users have until midnight Jan. 3 to stake their CAKE tokens in the Pottery for a chance to win weekly draws from the prize pot.

Stake $CAKE for Chance to Win Prize Pot

PancakeSwap is opening up a new Pottery Cohort for the month of January, with a total prize pot of nearly $60,000 and counting.

🍯 A new cohort of the Pottery is now open! 🎟️

⏰ Deposit before the lock time on Jan 2 23:59 UTC to participate.

🔥 Play now: https://t.co/2yfDkyicFZ

👉 Please make sure you understand all the rules and risks before depositing, Learn more: 📚 https://t.co/Sfg7p9Ypyk pic.twitter.com/V4O3TckkL5
— PancakeSwap 🥞 #Multichain (@PancakeSwap) December 30, 2022

For the Pottery, users stake CAKE tokens for a 10-week locking period at 11.53% APY, which is a reduced rate from the normal CAKE staking. That’s because 80% of staking rewards go into the prize pot, with winners picked weekly over the ten weeks.

Users who want to participate in the Pottery must stake at least 1 CAKE token by midnight UTC Jan. 3.

What is PancakeSwap:

PancakeSwap is a Decentralized Exchange (DEX) built on BNB Chain. It offers users various features such as Liquidity Pools, Swapping, Yield Farming, Syrup Pools, Automated Market Maker, Initial Farm Offering (IFO), NFT profile system, and many others.

In addition, the protocol helps users make the most out of their crypto assets by trading, earning through yield farming, and winning via lottery, prediction, and NFT collectibles. With the highest trading volumes in the market, PancakeSwap is the leading DEX on the BNB Chain.