PancakeSwap has launched a DFD-BNB farm and DFD staking pool as of 7AM UTC. The new token pool and farm was voted on and successfully passed by the community. Users can provide DFD-BNB pairs to fund the liquidity farm, allowing users to exchange the token. CAKE holders looking to take advantage of staking for the token can add CAKE to the provided staking pool. Starting on April 17 at 7AM UTC, the farm will have 2x CAKE rewards for the first 48 hours, then 1x CAKE rewards starting April 19 at 7AM UTC.
The DFD staking pool will be active until June 26, distributing a total of 900,000 DFD tokens via staking. Users can take advantage of the farm and staking pool by either purchasing DFD-BNB LP, or by staking CAKE to the DFD staking pool.
What is DefiDollar DAO (DFD)?
DFD is DefiDollar’s governance token in which holders will be able to participate in protocol governance and act as a backstop for DUSD to mitigate large peg deviations. DefiDollar is a platform allowing for the swapping, staking, and provisioning of liquidity of various tokens and coins across multiple platforms.