The first product launched with high APY, and users can invest without worrying about the market volatility.
Automated Vaults Finally Arrive
After much anticipation and huge hype around social media, Alpaca Finance has finally launched its Automated Vaults feature. The new feature, which promises to run complex strategies for users to maximize their yield, arrived with a high Annual Percentage Yield (APY).
As stated in our previous article about Automated Vaults, the leveraged yield farming platform plans to launch different products. The first Automated Vaults product will utilize the Market-Neutral strategy, providing high APYs while reducing risks of all market conditions. According to its tweet, Alpaca Finance launched the 8x Market-Neutral Vault on March 24 with high APY up to 86% for users. https://cdn.embedly.com/widgets/media.html?type=text%2Fhtml&key=96f1f04c5f4143bcb0f2e68c87d65feb&schema=twitter&url=https%3A//twitter.com/alpacafinance/status/1504813085521027085&image=https%3A//abs.twimg.com/errors/logo46x38.png
Market-Neutral Vault is a product with a distinctive strategy on the Alpaca Finance ecosystem. The product ensures that users earn profit at high APYs irrespective of market volatility. Alpaca’s Automated Vaults page explains how the strategy works.
“Our first product is the market neutral vault. This vault will provide high APYs, at hedged-neutral market risk, which means it will be profitable in all market conditions. It reduces market risk by farming long & short positions simultaneously, and rebalancing them for you to maintain neutral exposure,” the page reads.
Only two vaults are active on Alpaca’s Automated Vaults page: One 8x Market-Neutral Vault and a 3x Market-Neutral Vault. Users who invest in each of the vaults stand a chance to earn high APYs. However, rewards depend on the Total Value Locked (TVL). For instance, the 8x vault launched with a high APY of 86% but has dropped under 24 hours due to the increase in TVL.
Read our article for more information about the innovative product on Alpaca Finance. You can also visit the protocol’s page HERE to invest and earn.
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
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.