Back

PancakeSwap Launches Sigma.Money as First DeFi Project on CAKE.PAD

Sigma.Money offers up to 7x leveraged BNB trading with partial liquidation and introduces bnbUSD stablecoin backed by BNB and related assets.

BNB
CAKE

Summary

PancakeSwap has introduced Sigma.Money, the inaugural DeFi project on its CAKE.PAD platform. Sigma.Money enables leveraged trading of up to 7x for BNB and other assets, employing partial liquidation to reduce risks. It features the bnbUSD stablecoin, backed by BNB and related assets, with stabilization via pools and redemption mechanisms. Token subscription will take place on October 21 between 02:00 and 07:00 UTC, offering 15 million SIGMA tokens—1.5% of total supply—with a fundraising target of $150,000.

Terms & Concepts
  • CAKE.PAD: A launchpad platform by PancakeSwap for introducing new DeFi projects to the market.
  • Partial Liquidation: A risk management mechanism in leveraged trading where only a portion of a position is liquidated to avoid full loss.
  • bnbUSD Stablecoin: A stablecoin issued by Sigma.Money, backed by BNB and related assets, with value maintained through pool and redemption mechanisms.