Announcement: #dev DeFi releases Alpaca vaults

Aug 26, 2021

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 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