Alpaca Finance will add three new automated vaults to its platform, including one on the Fantom Chain.
Alpaca Prepares to Launch New Automated Vaults
Alpaca Finance’s market-neutral Automated Vault has proven its worth in the Decentralized Finance (DeFi) space. Despite the harsh market conditions, the innovative high-yield product gives users high Annual Percentage Yields (APY). The leveraged yield-farming protocol is set to launch more automated vaults after its successful performance in the space.
BSC News reported the protocol’s plans to add more automated vaults on March 30, following the successful launch. Alpaca promised users that new vaults would be introduced each time old ones reached the Total Value Locked (TVL) capacity of $25 Million. While there are four active vaults on the platform—two 8x and two 3x market-neutral automated vaults, Alpaca Finance will add three more on Tuesday, April 26 at 10 AM UTC. The platform informed its Twitter community about the addition on April 21.cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/alpacafinance/status/1517000674227421184&image=https%3A//abs.twimg.com/errors/logo46x38.png
According to the tweet, all three additions would be 3x automated vaults—3x BNB-USDT, 3x BNB-BUSD, and 3x USDC-FTM. The 3x USDC-FTM vault will kickstart the protocol’s movement to the Fantom network. Hence, automated vaults will be deployed on BNB Chain and Fantom Chain. Like existing vaults on BNB Chain, BNB-USDT and BNB-BUSD 3x vaults will have a TVL capacity of $25 Million. In contrast, the Fantom vault will have a TVL capacity of $10 Million.
Users can now prepare to invest and earn high APYs immediately after Alpaca Finance launches the new vaults. BSC News wrote about the innovative product on March 22. You can also read the Alpaca Finance document for more information about automated vaults.
What is Alpaca Finance:
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders earn safe and stable yields and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principles and resulting profits.
Where to Find Alpaca Finance:
Source : bsc.news
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