• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

PancakeSwap Launches First IFO on Arbitrum

user avatar

by Giorgi Kostiuk

2 years ago

  1. First IFO Launch on Arbitrum
  2. Features of Eigenpie
  3. Details and Participation


    4. PancakeSwap has announced its first Initial Farm Offering (IFO) on the Arbitrum network, featuring the Eigenpie protocol.

    First IFO Launch on Arbitrum

    PancakeSwap has announced its first Initial Farm Offering (IFO) on the Arbitrum network. This event marks a significant step in PancakeSwap's multichain expansion strategy. The IFO will take place from 10:15 AM UTC on September 24, 2024, to 10:15 AM UTC on September 25, 2024.

    Features of Eigenpie

    Eigenpie is an innovative Liquid Restaking Protocol built on EigenLayer. It allows users to restake their ETH or Liquid Staking Tokens (LSTs) while maintaining liquidity through a Liquid Restaking Token (LRT). The EGP token serves as Eigenpie's native governance token, enabling holders to participate in protocol governance, earn rewards, and amplify their influence through vote-locked EGP (vlEGP).

    Details and Participation

    Participation in the IFO will be accessible via two primary channels. The Basic IFO will be available to all CAKE holders. For those with veCAKE on BNB Chain, a Public IFO will offer exclusive access with a reduced participation fee. Participants will need to lock CAKE to obtain veCAKE, which they will then use to join the IFO.

    The launch of the first IFO on the Arbitrum network is a significant milestone for PancakeSwap, signaling its ongoing expansion and adoption of innovative solutions in the DeFi space.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Market Dynamics Indicate Supply Shock for XRP

chest

Current market analysis reveals that only 17 billion XRP remains on exchanges, the lowest supply in seven years. This decline in liquid supply, combined with growing demand, suggests a potential supply shock for XRP.

user avatarLi Weicheng

Axiology Secures TSS License Under EU DLT Pilot Regime

chest

Axiology has secured a Trading and Settlement System license under the EU DLT pilot regime, enhancing its credibility in digital asset trading.

user avatarTenzin Dorje

XRP Ledger Positioned as Key Player in Institutional Capital Movement

chest

The XRP Ledger is emerging as a foundational layer for institutional capital, focusing on efficiency and scalability.

user avatarAisha Farooq

DeFi Sees Significant Recovery with $95 Billion Locked

chest

DeFi has reclaimed $95 billion in total value locked, indicating a significant recovery driven by real demand and a shift towards viewing DeFi as financial infrastructure.

user avatarElias Mukuru

Bank of Korea Calls for Enhanced Safety Measures in Cryptocurrency Sector

chest

The Bank of Korea has called for enhanced safety measures in the cryptocurrency industry following a significant operational failure at Bithumb.

user avatarBayarjavkhlan Ganbaatar

Stablecoin Dominance Stabilizes After Strong Growth

chest

Stablecoin dominance has stabilized around 13%, indicating a cautious market environment after a strong upward move.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.