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PancakeSwap's Landmark Initial Farm Offering on Arbitrum

Explore PancakeSwap's first Initial Farm Offering on Arbitrum, featuring Eigenpie, a Liquid Restaking Protocol, marking a pivotal moment in its multichain expansion.
Published on 2024-09-18

PancakeSwap's Strategic Expansion

PancakeSwap is set to launch its first Initial Farm Offering (IFO) on the Arbitrum network, a significant advancement in its multichain growth strategy. This IFO will feature Eigenpie, a prominent Liquid Restaking Protocol on EigenLayer, showcasing PancakeSwap's commitment to innovative DeFi solutions.

Details of the Eigenpie IFO

The IFO, scheduled from September 24, 2024, to September 25, 2024, introduces the EGP token, Eigenpie's governance token. EGP empowers holders with governance participation, rewards potential, and influence amplification through vote-locked EGP (vlEGP). Eigenpie's model, built on EigenLayer, enables users to restake ETH or Liquid Staking Tokens (LSTs) while maintaining liquidity via a Liquid Restaking Token (LRT).

Participation Channels

Participants can join the IFO through two main routes. The Basic IFO is available to all CAKE holders. Additionally, a Public IFO offers reduced fees for veCAKE holders on the BNB Chain. To participate, users must lock CAKE to acquire veCAKE, granting them access to the IFO.

About PancakeSwap

PancakeSwap, a leading multichain decentralized exchange, operates on an automated market maker (AMM) model. Available across nine chains, including BNB Chain, Ethereum, and Arbitrum, PancakeSwap is renowned for its low fees, rapid trading, and user-friendly interface. With over $828 billion in cumulative trading volume and $1.58 billion in total value locked, PancakeSwap remains a dominant force in the DeFi sector. For further details, visit PancakeSwap.

Disclaimer: This information is purely educational and not financial advice. Always seek professional advice and comply with local regulations before participating in any financial activities.

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