PancakeSwap has recently launched its first Initial Farm Offering (IFO) on the Arbitrum network, featuring Eigenpie, a prominent Liquid Restaking Protocol on EigenLayer with a TVL exceeding $1 billion. Scheduled from September 24 to 25, 2024, this IFO signifies a significant milestone for PancakeSwap's expansion, bringing its popular IFO model to Arbitrum. Eigenpie, operating on EigenLayer, offers a unique Liquid Restaking Protocol allowing users to restake ETH or Liquid Staking Tokens (LSTs) for validating services and maintaining liquidity through Liquid Restaking Tokens (LRT). The focal point of this IFO is the EGP token, Eigenpie's governance token enabling holders to engage in protocol governance, earn rewards, and enhance influence through vote-locked EGP (vlEGP). Participation in the IFO is accessible through Basic and Public channels, catering to CAKE and veCAKE holders on BNB Chain. PancakeSwap, a leading multichain DEX, boasts high trading volumes and total value locked across various chains, offering users a seamless trading experience. Read more AI-generated news on: https://app.chaingpt.org/news