We are proposing to support CAKE in Venus Protocol Markets.
As per our risk assessment (https://blog.venus.io/venus-risk-assessment-framework-42dce1e3ca27), we are proposing the following metrics:
Collateral factor: 55%
Reserve factor: 25%
Daily XVS (supply): 25 XVS
Daily XVS (borrow): 25 XVS
Supply limit: No limit
Borrow limit: 500K
Interest Rate Model: Jump Rate Model
What Is Pancakeswap
PancakeSwap is #1 automated market maker (AMM) in Binance Smart Chain — a decentralized finance (DeFi) application that allows users to exchange tokens, providing liquidity via farming and earning fees in return.
It launched in September 2020 and is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker model where users trade against a liquidity pool. These pools are filled by users who deposit their funds into the pool and receive liquidity provider (LP) tokens in return. PancakeSwap allows users to trade BEP20 tokens, provide liquidity to the exchange and earn fees, stake LP tokens to earn CAKE, stake CAKE to earn more CAKE and stake CAKE to earn tokens of other projects.