We are always trying to adapt our recipes to different tastes, and we are also constantly trying to share new taste explosions with our bakers. For this purpose, we’ve traveled to the most remote place on earth and discovered a new ingredient which you will find appetizing — Bitcoin Cash liquidity mining.
As a result, we would like to inform you that we are starting to accept Bitcoin Cash deposits — for our already sixth liquidity pool — on Tuesday, 9 March 2021. As always with such amendments to the recipe, we strive to ensure a smooth integration for our bakers, and therefore we have provided sufficient baking resources and fermentation time to anticipate that.
As soon as our oven will be closed on March 10, you can start baking your returns. Similar to the previous liquidity pool launches, we will be implementing an initially reduced incentive for the BCH liquidity pool this time. Thus, the liquidity mining rewards will start with 0.01 DFI / block during the first week, starting on Wednesday, 10 March 2021 — this reflects a temporary reduction to 1% of the later value.
The reason for this is simple: we want to give all our bakers equal opportunities to participate in liquidity mining. Furthermore, bakers who have never used our product before should be given enough time to familiarize themselves with it.
Starting Wednesday, 17 March 2021, we will then increase the liquidity mining rewards to 1 DFI / block — following through with the DFIP#6 proposal. This equals to an increase in liquidity mining rewards by a factor of 100 and will again lead to sugar-sweet returns exceeding 200% APY.
So take out your chef's apron and baker's hat and get ready to deposit your Bitcoin Cash on Cake to enjoy our sugary returns.
Your Cake Team