It’s been a long courtship, but we’re very happy to announce that MONSTA has entered the Jungle and officially partnered with ApeSwap — a leading multichain DeFi Hub offering an accessible, transparent, and secure experience for everyone!
ApeSwap is the most connected and supportive DEX on BNB Chain! As one of the oldest dapps on BNB Chain, ApeSwap has created a reputable DeFi hub that offers both B2B and B2C solutions for their partners in the Jungle. They focus on building strong relationships — when we grow, they grow; when we succeed, they succeed!
It’s this type of strong partnership and collaboration that we as a team seek to bring further value and benefit to MONSTA token holders, and we hope that you’re as excited for this new venture as we are!
Some partner benefits we can look forward to include the following:
In addition to some of the benefits listed above, as part of our official partnership and token listing, we’ve moved all project owned liquidity over to ApeSwap. You’ll soon see this reflected in the Telegram stats channel. This means you’ll want to do all your token swaps via their platform to utilize the best prices and user experience.
Shortly after the move, you can expect some exciting announcements including the launch of MONSTA pools/farms and treasury bills! These additional product offerings will not only increase exposure of MONSTA to many new users, but it will also work to improve project owned liquidity and decrease reliance on outside provided/rented liquidity which will further strengthen our ecosystem and financial position. Stay tuned for further details as they become available!
Will I still be able to trade MONSTA on PancakeSwap?
All protocol owned liquidity (BNB/MONSTA pool) will be moved to the ApeSwap platform. There may be some user-provided LP that remains on PCS which we do not control and may allow you to perform trades however, it’s likely the price impact would not be favourable depending on pool depth. We recommend all users perform swaps using either our official Flooz Swap listing (automatically routes through ApeSwap or PCS depending on best price), or directly on the ApeSwap DEX.
What happens to the CAKE in the Vault?
In short- nothing. The CAKE remains staked in the PancakeSwap syrup pool accruing interest and will become available to all MONSTA token holders at cycle end.
Are there any changes to transaction taxes or other changes to LP?
Nothing changes with transactions taxes. The same portion of transaction tax that previously went to LP on PancakeSwap will now go to LP on ApeSwap. LP remains locked.
Wen farm? Wen jungle bills? Wen Banana Vault?
MONSTA has a lot of exciting things planned with his new friends from the jungle. Stay tuned to our announcement channel for future updates!
I have questions not answered here
Please join us in our Telegram community where we’ll be happy to help answer any additional questions you may have! If you’re new to ApeSwap and would like to learn more about their platform, please check out their extensive documentation section on Gitbook.
ApeSwap is a leading decentralized exchange (DEX) on Binance Smart Chain and Polygon and offers users a top-tier trading experience. The platform features a wide range of DeFi products such as swaps, farming, staking, etc. Users are incentivized to pool liquidity on ApeSwap through yield farming to earn the native currency, $BANANA. Additionally, apes can use their earned $BANANA to stake and earn other tokens and unlock exclusive features. Built by DeFi apes, for DeFi apes, they have a dedicated team with years of experience who are committed to the DeFi community and growing the ApeSwap Jungle.
Cake Monster is a unique and elastic DeFi protocol that works in deflationary two-year cycles on BNB Chain. The intrinsic token (MONSTA) value is backed by its non-correlated asset vault reserves (e.g BNB, CAKE), which are largely used to reward holders at the end of each cycle.