Mint asCAKE
Last updated
Last updated
NOTE:
Due to the new CAKE Tokenomics 3.0 Proposal taking into effect, the veCAKE and Gauges Voting System have been retired. asCAKE minting has been stopped. (Last updated: Apr. 23, 2025)
asCAKE redemptions to CAKE are now available on Aster. (Last updated: Apr. 27, 2025)
Page Summary
Aster presents asCAKE, an innovative liquid staking derivative where you can stake your CAKE to mint asCAKE. asCAKE maximizes your CAKE utility and real yields:
APY from veCAKE yield (veCAKE Pool yield + Revenue Sharing yield), reflected in the net asset value of asCAKE.
APY from voting rewards (Bribes), reflected in the net asset value of asCAKE.
1x Au Points Multiplier for Aster airdrop
Stringent risk control measures ensure safety. Smart contracts are fully audited to guarantee their reliability. Please read asCAKE FAQs below.
Once you have CAKE, go to . Select asCAKE from the dropdown menu. Click [Connect Wallet] and sign the message.
Select [Deposit]. Click [Approve CAKE]. Currently, you can only stake CAKE using the BSC chain.
Enter your CAKE value. Click [Smart Mint asCAKE]. Smart Mint is a mechanism to optimize CAKE to asCAKE rates so you get the best conversion rate. Using Smart Mint, Aster will select between the conversion rate on AsterEarn or the conversion rate on the CAKE/asCAKE liquidity pool on PancakeSwap. Click the confirm button to proceed. Do note that minting asCAKE is irreversible.
Once confirmed, you have minted asCAKE successfully.
Connect Wallet to PancakeSwap.
Choose the token you want to trade from the dropdown menu in the upper section. Make sure you have a sufficient amount of them in your wallet to trade with. Your balance is shown above the token dropdown menu.
Choose CAKE in the lower section.
Next, either type an amount in the upper section to input the number of tokens you want to swap (spending amount). Or, type an amount in the lower section to input the number of tokens you want to swap to (receiving amount).
Whichever section you input your amount, the amount in the other section will be estimated automatically.
Check all the details, and click the Swap button.
If you are trading a token for the first time, you may first need to click "Enable XXX (your token)" to approve.
A window with more details will appear. Check the details are correct. When you are ready, click the Confirm Swap button. Your wallet will ask you to confirm the action.
If you had previously deposited CAKE on Aster, you can stake it on AsterEarn.
Step 1: Withdraw your CAKE from Aster to your personal wallet.
Step 2: Go to the AsterEarn page. Select asCAKE from the dropdown menu, then click [Approve CAKE].
Redeem asCAKE for CAKE directly on Aster. Go to the asCAKE page and click [Withdraw]. Connect your wallet and complete the steps to get back CAKE.
NOTE:
Due to the new CAKE Tokenomics 3.0 Proposal taking into effect, the veCAKE and Gauges Voting System have been retired. asCAKE minting has been stopped. (Last updated: Apr. 23, 2025)
asCAKE redemptions to CAKE are now available on Aster. (Last updated: Apr. 27, 2025)
asCAKE is an asToken minted by staking CAKE on AsterEarn. The token contract address is: 0x9817F4c9f968a553fF6caEf1a2ef6cF1386F16F7.
How is APY from veCAKE yield generated?
Your staked CAKE on AsterEarn will be staked on PancakeSwap to get veCAKE and earn yield. veCAKE yield consists of veCAKE Pool yield + Revenue Sharing yield. Aster will collect veCAKE yield weekly and update these returns in asCAKE net asset value (NAV) within 7 days.
How is APY from voting rewards (bribes) generated?
Through veCAKE, Aster obtains voting rights. We partner with projects to generate returns from Bribes (such as, voting for gauges on PancakeSwap in return for bribes from the projects).
Aster collects rewards from Bribes every 2 weeks, and updates these returns in asCAKE’s NAV within 14 days.
How do I get the Au Multiplier?
How is Au calculated?
This depends on your CAKE investment and the market price of CAKE. For example, if you stake 100 CAKE when CAKE price is $2.5, and asCAKE Au multiplier is 1x, your mint earns 100 x 2.5 x 1 = 250 Au.
If there is no change in CAKE price, you will continue earning (100 x 2.5 x 1) Au per hour.
If CAKE price later drops to $2, you will earn (100 x 2 x 1) Au per hour.
What is Smart Mint?
Smart Mint is a mechanism to optimize CAKE to asCAKE rates so that you get the best conversion rate. Using Smart Mint, Aster will select between the conversion rate on AsterEarn or the conversion rate on the CAKE/asCAKE liquidity pool on PancakeSwap.
Can I redeem my CAKE at any time?
Yes, you can redeem asCAKE for CAKE on Aster directly with no waiting time.
What are the risks involved?
We have conducted thorough smart contract audits to ensure the security and reliability of the platform. In addition, we implement robust risk management protocols to protect your funds at all times.
Are there any fees involved?
There is no fee to mint or redeem asCAKE.
You need CAKE to mint asCAKE. If you don’t already hold CAKE, you can . If you had previously deposited CAKE on Aster, you can stake it on AsterEarn.
Read .
Go to the PancakeSwap
By minting asCAKE, you automatically earn Au points. Au points give you an allocation of $AST airdrop. Connect your wallet to check your Au points here: .
