# The CAKE RUSH is live!

**Published by:** [Multipulty](https://paragraph.com/@multipulty/)
**Published on:** 2023-11-17
**URL:** https://paragraph.com/@multipulty/the-cake-rush-is-live

## Content

Magpie has unveiled Cakepie, a state-of-the-art yield and veTokenomics services provider crafted specifically to bolster the growth of PancakeSwap and its surrounding ecosystem, serving as a Meta-Governance layer. Coinciding with this rollout, Magpie has launched the **CAKE RUSH program on BNB Chain, **a time-sensitive event designed to incentivize CAKE holders who convert their assets into mCAKE via Cakepie by offering rewards for their CAKE conversions. But that’s not all, CAKE RUSH converters will also have the opportunity to share in 60% of the upcoming CKP token sale via the Magpie Launchpad.Rewarding CAKE conversions on CakepieParticipating in the CAKE RUSH event offers users the chance to earn valuable rewards in the form of CKP tokens. CKP is the governance token of Cakepie, which is Magpie’s most recent SubDAO aimed at bolstering the core functionalities of PancakeSwap’s new veCAKE structure. Cakepie has allocated a significant prize pool of 300,000 CKP tokens to be awarded as incentives for users who convert their CAKE into mCAKE during this limited-time event. The CAKE RUSH is estimated to end within 30 days, prior to our CKP token IDO. This allocation represents 3% of the total token supply.Earning Points Based on ConversionsThroughout the CAKE RUSH event, participants will earn points in proportion to the amount of CAKE they convert — the more CAKE converted, the higher the points awarded. Participants can reach new levels of point brackets for each CAKE by increasing their CAKE to mCAKE conversions through various transactions. Depending on the points bracket attained, CAKE converters will be eligible for a range of CKP rewards. CAKE RUSH early converters have the chance to enjoy bonus points. For the first 5 days from now, participants can earn a 20% in bonus points, decreasing by 5% every 5 days. Hence, by the 20th day, there will be no additional bonus points available. By capitalizing on this exclusive opportunity, CAKE token holders can maximize their holdings and reap the benefits of enhanced passive income through Cakepie.Reward Points are assigned according to the following brackets:To figure out how much of the 300,000 CKP reward each converter gets, we’ll use a simple method: we see how many points you have and then compare it to the total points everyone has together. The more points you have, the bigger your piece of the reward.Example:1. User A converts 1,000 CAKEUser A conversions fall into the first bracket. User A will receive 1 point per each of his 1,000 CAKE converted, receiving 1,000 points. 1,000 CAKE x 1 point = 1,000 points + Bonus Points2. User B: Converts 120,000 CAKE

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