Announcement: #dev DeFi releases Alpaca vaults
We are thrilled to announce that Alpaca vaults have been released on #dev DeFi, this is the first step for #dev DeFi to be an aggregate lending & borrowing protocol on Binance Smart Chain.
What are Alpaca vaults?
Alpaca vaults are vaults in which assets will be deposited to corresponding Alpaca Finance‘s lending pools. So technically supply APYs of Alpaca vaults on #dev DeFi are the same as of Alpaca Finance’s lending pools.
Alpaca vaults on #dev DeFi currently support following assets:
- BNB
- BUSD
Rewards
The returns to you for depositing to Alpaca vault will be converted to the token that you supplied.
E.g. If you deposit BNB, your will receive BNB in return.
This task is processed automatic and frequently by our contract to guarantee the actual profit is approximate to the estimated profit displayed in front-end.
Lending & Borrowing
Temporally, Alpaca vaults can not be borrowed from. Alpaca vaults will deposit 100% it’s assets to Alpaca Finance to ensure high supply APY for suppliers.
On the other hand, suppliers are able to collateralize their deposit on Alpaca vaults to borrow other assets from Genesis vaults at low borrow interest rates.
Risks involved
Alpaca vaults are subject to risks and changes of Alpaca Finance. Find the details of potential risk to lenders of Alpaca Finance here: https://docs.alpacafinance.org/our-protocol-1/risks
Since #dev DeFi is a lending & borrowing protocol, lend one asset to borrow and make profit from another asset is an essential use case that #dev DeFi offers. For over 5 months after launching, #dev DeFi has finally decided to support Bitcoin (BTC) as a collateralizable asset. Let’s see how you can utilize your […]
Make the best profit from your BNB using Alpaca vault from #dev DeFi and Pancakeswap.
An article of our vision, model and value proposition. Focusing on developing use cases of lending & borrowing model, our team is building a sustainable model which is not depend on any native token.
