PancakeSwap Announces New IDO on CAKE.PAD

Recently, the platform announced the launch of a new IDO for the LeverUp ($LV) project on its CAKE.PAD platform. This event has already caught the community's attention, especially since LeverUp is the first native project on the Monad blockchain to launch via CAKE.PAD. According to the official announcement on Twitter, the sale will last just 24 hours - from December 17 at 3:00 UTC to December 18 at 3:00 UTC.

IDO Details and Participation Mechanics

The IDO follows an "Overflow" model, ensuring fair token distribution. Participants commit $CAKE tokens, and the larger the contribution, the bigger the $LV allocation. After the sale ends, excess $CAKE is returned, and $LV tokens are distributed proportionally. The token price is $0.01, with a total raise of $100,000. This corresponds to 1% of the total token supply (10 million $LV), making the fully diluted valuation (FDV) of the project $10 million with a total supply of 1 billion tokens. Importantly: no vesting - 100% of tokens are available immediately after TGE, allowing instant trading, staking, or use in the protocol.

To participate, prepare $CAKE on the Monad blockchain. PancakeSwap plans to deploy official $CAKE soon via the LayerZero OFT standard, so beware of fake tokens. Participants can buy $CAKE directly on Monad PancakeSwap or bridge from BNB Chain. The process is straightforward: connect your wallet on https://pancakeswap.finance/cakepad, commit $CAKE during the sale window, and claim $LV after completion. As in previous CAKE.PAD sales (like the one two months ago), borrowing $CAKE to boost allocation can be effective, and hedging is a way to minimize risks.

What is LeverUp?

LeverUp is an innovative perpetual contracts trading platform (PerpDEX) built on the high-performance Monad blockchain. The project stands out with its LP-free architecture (no liquidity pools), enabling unlimited open interest, zero fees on losing positions, and 100% redistribution of fees to traders and stakers. Maximum leverage reaches 1001x, making it appealing for experienced traders. Beyond crypto assets, LeverUp plans to support RWA like gold ($XAU) or stocks, integrating traditional finance with Web3.

Tokenomics are based on a three-token model:

1. $LV: The primary utility token for rewards, trading, and staking.
2. $xLV: For staking with fee distribution.
3. $yLV: A liquid version of $xLV for flexibility.

Additionally, LeverUp uses $LVUSD - a stablecoin with a dual stabilization mechanism to maintain a peg to 1 USDC. The project has already gained traction through rapid growth: during testnet and Season 0, it showed high activity, with points for airdrops and fees starting at 0.05% for high leverage. According to CryptoRank and BSC News, LeverUp is positioned as one of the most promising PerpDEX on Monad, with potential for AI integration and expansion to other assets.

Risks and Recommendations

While the IDO looks attractive due to the low entry threshold and quick launch, remember the risks: market volatility, potential overbuying due to FOMO, and dependence on Monad's development. We recommend doing your own research (DYOR), checking official sources like the PancakeSwap blog and forum.The Twitter community is actively discussing the event, emphasizing that this is the first such launch on Monad, which could accelerate TGE.

PancakeSwap continues to strengthen its position in DeFi, integrating with new networks like Monad, Base, and Polkadot.