Proposal 43: Apply for $MCB Syrup Pool and Farm on PancakeSwap

Introduction to PancakeSwap

PancakeSwap is an automated market maker (AMM) on Binance Smart Chain (BSC), allowing users to seamlessly exchange tokens and earn CAKE passively.

PancakeSwap is the largest Decentralized Exchange (DEX) on BSC.

This proposal is for apply for a $MCB Syrup Pool and Farm on PancakeSwap.

Should this proposal be approved, there will to be a proposal on PancakeSwap for a MCB syrup Pool and Farm.

Terms of the Syrup Pool and Farm Program:

  • Allocate $650,000 worth of MCB as rewards for Syrup Pool
  • Should the vote at PancakeSwap go through, a MCB farm will be created that will allow Liquidity Providers to yield and farm CAKE. In return, CAKE holders get to farm MCB via the Syrup Pool.
  • MCB token to be whitelisted on PancakeSwap
  • Program to last for 2 months and then to be assessed on merits
  • Co-marketing promotion by both protocols to promote the collaboration

Liquidity attracts traders, trading generates fees, and ultimately pool profitability attracts more liquidity. This is a flywheel effect that we are beginning to see happen within DeFi.

As we have launched our trading mining program on BSC and will be part of their $1B growth fund, I am proposing to collaborate with PancakeSwap to increase the liquidity of $MCB on BSC.

For - agree to allocate $650,000 worth of budget to apply for MCB Syrup Pool on PancakeSwap

Against - disagree to allocate $650,000 worth of budget to apply for MCB Syrup Pool on PancakeSwap

Admin Update:

  • Please vote on Snapshot
  • The ppl below will have vote power:
    • Etherum:
      • MCB holders
      • Uniswap v2 LP
      • Uniswap v3 LP
    • BSC
      • MCB holders
      • Traders who staked MCB

The proposal has passed, we minted 12,200 MCB. The transaction is:

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