Aptos' first IFO is set to begin, with Venus lending protocol offering CAKE loans at an annualized rate of nearly 150%.
Pancake is the largest protocol on the emerging public chain Aptos, which will launch its first IFO (Initial Farm Offerings) today (9): BlueMove (NFT market). This involves committing CAKE tokens and distributing purchasing quotas based on the proportion held of the issued tokens.
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Pancake is the largest protocol on the emerging public chain Aptos, which will launch its first IFO Initial Farm Offerings today at 9: BlueMove NFT Market. This involves committing CAKE and distributing the purchasing quota of the issued tokens based on the holding ratio.
The more CAKE one holds, the more quota they can get in the IFO. The annualized supply yield for CAKE on the BSC lending protocol Venus is currently 81.24% at the time of writing, while the lending side incurs an annualized interest rate of 148%.
