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According to official sources, PancakeSwap’s Sigma.Money will conduct a token sale on CAKE.PAD, marking the first DeFi project hosted there. The platform supports trading of BNB and other assets with up to 7x leverage and employs a partial liquidation mechanism to curb risk. Its stablecoin, bnbUSD, is backed by BNB and related assets and maintains its peg via a stability pool and a redemption framework for orderly price discovery.
On October 21, from UTC 02:00–07:00, participants may subscribe to the SIGMA token with CAKE. The sale will issue 15 million SIGMA tokens (1.5% of total supply) and target $150,000, with all tokens tradable immediately after the event. This CAKE.PAD offering aims to strengthen CAKE‘s DeFi ecosystem by expanding liquidity and providing a transparent on-chain fundraising event for Sigma.Money.
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