PancakeSwap launches first IFO on Arbitrum with Eigenpie, offering participation for all CAKE holders.
From Investing.com
September 18, 2024 2:30:36 pm:
PancakeSwap is launching its first Initial Farm Offering (IFO) on Arbitrum with Eigenpie, a top Liquid Restaking Protocol. The event will be held from September 24th to 25th, 2024, offering participation for all CAKE holders and reduced fees for veCAKE holders. Eigenpie allows users to restake assets for liquidity.
Eigenpie, a Liquid Restaking Protocol built on EigenLayer, is offering its governance token EGP through PancakeSwap’s IFO on Arbitrum. EGP grants users governance privileges, reward opportunities, and voting power through vote-locked EGP. The innovative approach of Eigenpie allows for restaking of ETH and Liquid Staking Tokens for liquidity maintenance.
Participants in the IFO can access it through Basic IFO for all CAKE holders and a Public IFO with lower fees for veCAKE holders on BNB Chain. By locking CAKE for veCAKE, users can join the IFO with exclusive benefits. It is crucial to consider risks and legal compliance before participating in the event.
PancakeSwap, a prominent multichain decentralized exchange, is expanding its operations to Arbitrum with the launch of its first IFO featuring Eigenpie. With over $828 billion in trading volume and $1.58 billion in TVL, PancakeSwap is known for its low fees, high-speed trading, and user-friendly platform across various chains.
Read more at Investing.com: PancakeSwap Launches First IFO on Arbitrum Featuring Eigenpie By Chainwire