Additional Information on Vineyard’s LGE

2 min readMar 23, 2021

What is an LGE?

An LGE uses a smart contract which collects a variety of token during a determined period, after the timer is over the contract then collects these funds to create a new liquidity pool. Participants who contribute to an LGE smart contract will then receive LP tokens after the event is over.

Contributing to Vineyard’s LGE

Vineyard’s LGE allows users to contribute BNB tokens to their contract in return to claim LP tokens at the end of the 7 days LGE. Based on the amount of BNB contribution ( BNB contributed/ total BNB gathered), participants will receive a share of wrapped liquidity tokens.

These wrapped liquidity tokens will be farmable on Vineyard’s highest APY farm. Participants can also unwrap their wrapped tokens for standard LPT tokens (Cake-LP), for a 10 % fee. Vineyard allows those who partake in their LGE the option to remove their liquidity on Pancakeswap and discontinue participation.

However, if you purchased and add GRAPES- BNB liquidity to Pancakeswap will then generate the LP tokens, allowing you the option to farm or wrap them for high rewards.

Tokens to get familiar with.

There are 3 tokens one show be aware of when participating in Vineyards LGE:

Our native token GRAPES🍇
Cake-LP token will be representing the Pancakeswap pair liquidity. This token will be generated automatically at the end of the LGE.
WINE 🍷, wrapped Cake-LP, will be claimed by contributors to the LGE, based on the amount of BNB contributed.

Vineyard’s WINE 🍷 token will generate the highest APY in our farming community, and can also be unwrapped to the traditional Cake-LP. These Cake-LP tokens will be farmable ( x2 less yield) or can be redeemed in GRAPES +BNB tokens if the contributor decides to remove their liquidity. By unwrapping WINE🍷, into Cake-LP will generate a fee that will be used to protect liquidity and add incentives to users for keeping their WINE 🍷 token.

For those who decided to sit out the LGE, there is only one other way to obtain Vineyard’s WINE🍷 token :

a. Firstly, you would have to buy GRAPES 🍇 on the market 24hrs after the LGE

b. Secondly, you would have to then add the liquidity to Pancakeswap ( GRAPES <> BNB)

C. Finally, you would then wrap the Cake-LP token, to then obtain Vineyard’s WINE🍷 token.