Bitrue Announces ADA, BNB, and CAKE Farming From May 24

This content has been archived. It may no longer be relevant.

Access new Yield Farming pools on Bitrue with up to 90% annual percentage yield in rewards. The new set of pools will support coins like ADA from Cardano, BNB from Binance, and CAKE from PancakeSwap. The pools will go live on May 24 at 13:00 UTC. 

Launched back in 2018, Bitrue is currently among the leading crypto exchanges in the market that excels in various DeFi services. The service portfolio from the exchange includes loans, investments, trading, and whatnot. Besides that, Bitrue has a technically sophisticated platform that makes DeFi opportunities accessible to sects of the world.

To that end, Bitrue has expanded its Yield Farming portfolio with some of the widely used currencies in DeFi. Users can now access Yield Farming pools with Binance’s BNB, Cardano’s ADA, and CAKE tokens from PancakeSwap. And more excitingly, the pools can generate up to 90% annual percentage yield for the said tokens.

For those looking to hold these cryptos long-term, the Bitrue Yield Farming pools would be the way to increase their holdings. The Yield Farming pools are high-risk, high-return ways of profit used in DeFi. The pool’s profit varies depending on the pool that you are selecting.

The exchange has announced nine new Yield Farming pools, with each token getting allocated 3 of them. Here is the list of new pools added by Bitrue.

ADA Pools:-

• ADA investment for 30 and 60 days lockup with 7% and 7.5% APY, respectively. It comes with a cap of 10,000,000 tokens and rewards received in ADA tokens.
• ADA investment for 30 and 60 days lockup with 7.5% and 8% APY, respectively. It comes with a cap of 10,000,000 tokens and rewards distributed as BMAX tokens.
• ADA investment for a lockup period of 90 days with 20% APY. It comes with a cap of 200,000 and offers BMAX rewards.

BNB Pools:-

• BNB investment for 30 and 60 days lockup with 5.5% and 6% APY, respectively. It comes with a cap of 20,000 tokens and rewards received in BNB tokens.
• BNB investment for 30 and 60 days lockup with 6.5% and 6.5% APY, respectively. It comes with a cap of 20,000 tokens and rewards distributed as BMAX tokens.
• BNB investment for a lockup period of 90 days with 20% APY. It comes with a cap of 500 tokens and offers BMAX rewards.

CAKE Pools:-

• CAKE investment for 30 and 60 days lockup with 24% and 25% APY, respectively. It comes with a cap of 1,000,000 tokens and rewards received in CAKE tokens.
• CAKE investment for 30 and 60 days lockup with 25% and 26% APY, respectively. It comes with a cap of 1,000,000 tokens and rewards distributed in BMAX tokens
• CAKE investment for a lockup period of 90 days with 90% APY. The pool has a cap of 5000 tokens, and the rewards are offered in BMAX.

The BMAX pools will go live concurrently with regular pools, and users need to make their payment as soon as they go live to ensure proper lock-ins. The exchange will list more pools shortly as per the community expectations.