Changes to PancakeSwap's Single-Sided Staking Products
Community
2024-06-14

Dear PancakeSwap Community,

We have an important update regarding our Single-Sided Simple Staking product. After careful consideration and strategic planning, we have decided to pause deposits starting from today. This move is part of our ongoing efforts to streamline our offerings and prioritize the best possible user experience and value for you. For users who have deposited funds into simple-staking, please note that nothing has changed for your locked positions. You will still be earning yields till the unlock date. Once unlocked, these funds will move to flexible staking until you unstake and withdraw them. For early withdrawals, the penalty fee still applies.

What Does This Mean for You?

Deposits: Starting today, you can no longer deposit tokens into the Single-Sided Simple Staking pools.

Withdrawals: Withdrawals remain open. Existing users can withdraw their staked tokens once their staking periods have expired, and we encourage all users to do so. Early withdrawals will still incur the early withdrawal penalty. Users can wait till their locked period ends to unstake.

Why Are We Making This Change?

This decision aligns with our strategic goal of focusing on more impactful and sustainable opportunities for our community. We can concentrate our resources on enhancing other areas of the PancakeSwap ecosystem, ensuring we continue providing robust and rewarding user experiences.

What's Next for Your Staking Needs?

Provide Liquidity and Stake LP in PancakeSwap Farms: You can provide liquidity and stake your LP tokens in our PancakeSwap Farms to earn trading fees in CAKE tokens, offering a potentially higher yield and more dynamic earning opportunities.

Thank you for your continued support and understanding. We look forward to bringing you more exciting and rewarding opportunities on PancakeSwap.

If you have any questions or need assistance, please feel free to reach out to our community channels (Telegram, X, Discord) for more information.

The Chef's

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