Lock $CAKE to Earn More, REDUX

OpenLeverage
2 min readJul 15, 2022

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With an extremely successful OpenLeverage Trading Campaign for $CAKE Lockers, we are extending our original campaign to allow new and current lockers to earn more rewards by staking their CAKE.

Addresses holding locked CAKE (snapshot taken on July 17th at 12 PM UTC) are invited to join our Trading Campaign for $CAKE Lockers, which will last for 14 days, starting on July 18th, 12 PM UTC, and ending on August 1st, 12 PM UTC.

OpenLeverage will distribute 1,700,000 OLE rewards for the CAKE campaign per week. There are a total of 1,190,000 OLE for trading rewards, and 510,000 OLE for lending rewards.

Users who have held locked CAKE prior to the July 17th snapshot will be eligible for an additional 10% in rewards. Users who hold locked CAKE and execute trades via PancakeSwap will be eligible for an additional 5% in rewards. This means PancakeSwap-aligned users are eligible to receive up to 15% more OLE rewards.

Updated rewards: Users who have held locked CAKE prior to the July 17th snapshot will be eligible for an additional 20% in rewards. Users who hold locked CAKE and execute trades via PancakeSwap will be eligible for an additional 10% in rewards. This means PancakeSwap-aligned users are eligible to receive up to 30% more OLE rewards.

Updated rewards for CAKE holders: Users who held CAKE at the snapshot on July 19th at 9 AM UTC will be eligible for an additional 10% in rewards. CAKE holders who execute trades through PancakeSwap will be eligible for an additional 5% in rewards. Snapshotted CAKE holders can receive up to 15% extra OLE rewards.

If you both a locker and a holder of CAKE, rewards will be distributed by LOCKED $CAKE. You will receive up to 30% in OLE rewards.

Rewards will be reduced by 5% each day, meaning users are encouraged to trade early.

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