PancakeSwap reported last Friday, April 2, through its Twitter account, the integration of Nerve Finance into Syrup Pool; so, he invited users to bet his $CAKE tokens and win $NRV.
“CAKE holders, today we are delighted to be able to offer you a new Syrup Pool from Nerve Finance, Nerve is an automated market maker (AMM) specifically designed to exchange stablecoins and linked assets on the Binance Smart Chain”, he said through an article published on the Medium platform.
The syrup pool
The company shared the details of the syrup pool for users to contribute their $CAKE and earn $NRV tokens:
• Total chips: 260,000 NRV
• Duration of distribution: 60 days
• Start Block: 6239630 (April 3 at 3 PM SGT)
• Finishing Block: 7967630 (June 2 at 3 PM SGT)
• Token rewards per block: 0.15046 NRV
According to the company, to host the NRV to Syrup Pool, they must provide an NRV-BNB farm which additionally will have 2x CAKE rewards for the first 48 hours and then 1x CAKE rewards after that.
Likewise, PancakeSwap commented that, regarding the vote, as usual, it must be approved through a vote that users can carry out through this link.
About Nerve Finance
It is an AMM StableSwap in BSC designed to enable trading of stablecoins and pegged synthetic assets quickly with minimal slippage. “Nerve was launched on the BSC as it enables the project to achieve the true values of DeFi: democratization and access to unrestricted financing and a longstanding centerpiece of the DeFi and BSC ecosystem”, he explained.
In addition, the company indicated that the first group of Nerve consists of 3 stablecoins: BUSD, USDT and USDC. “The slip is close to zero, due to its StableSwap algorithm. The fees are returned to the group’s liquidity providers, as well as to Nerve token holders. The rewards will be paid in $NRV, Nerve’s native token”, he specified.