Enable CAKE/mCAKE (0.25% fee tier) ALM gauge from CupcakeHop on BNB Chain

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Overview Proposal to enable CAKE/mCAKE (0.25% fee tier) ALM gauge from CupcakeHop on BNB Chain

Background

  • mCAKE refers to “Magpie CAKE”, a liquid version of veCAKE that allows users to earn rewards for their active participation on Cakepie.
  • CAKE is the governance token of PancakeSwap. Through CAKE, users can benefit from the growth of PancakeSwap and actively participate on the platform.
  • Cupcake Hop offers cross-chain vaults and portfolio management tools with AI-driven insights for smarter and sweeter investment decisions.

Details

  • Boost Multiplier and Emission Cap %: 1.00x boost multiplier and 5% emission cap

Audits:

Token Utility: CAKE allows users to earn rewards and access voting power within PancakeSwap.

Volatility: Not pegged asset

Oracles: No oracles used

Control: The CAKE token contract is not upgradable, so it has no owner.

Which address holds the private keys to the Position Manager vault contract?
If it’s a multisig, please indicate: X of Y signers needed for transactions
Address: 0x05cC3CA6E768a68A7f86b09e3ceE754437bd5f12
Signers: Needs 2/5 addresses to sign a transaction

Merit: By whitelisting the CAKE-mCAKE ALM from CupcakeHop, PancakeSwap can potentially attract more TVL and generate trading fees while voters within the ecosystem can earn voting incentives.

Vault Strategy (for Position Managers only):
Strategy: YieldIQ

The YieldIQ strategy is designed to accept only CAKE deposits, with the goal of deepening liquidity for the mCAKE tokens. When users deposit CAKE, it is allocated to a V3 pool paired with mCAKE. This liquidity is positioned below the market price of mCAKE, passively buying and trading these tokens while keeping liquidity providers predominantly long on CAKE, as the vault maintains over 75% of its assets in CAKE.

Links:

Socials:

Documentation:

Github:

Any other relevant links: Cakepie Blog

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Thank you for your application! The Kitchen has enabled the CAKE/mCAKE (0.25% fee tier) ALM gauges from CupcakeHop on BNB Chain with 1x boost multiplier and 2% emissions cap.