The new initiative allows members to assist in the protocol’s growth on BNB Chain. They would also receive exclusive NFTs for their service.
Assisting the Alpaca Ecosystem
Following its solid growth in the Decentralized Finance (DeFi) industry, Alpaca Finance has introduced an initiative to help new members understand its unique offerings. The yield farming platform on BNB Chain has called on experienced community members to offer their expertise to new users by becoming Frenpacas.
Frenpacas will promote the protocol’s growth while helping new community members in the DeFi space by carrying out specific duties outlined in its Medium post on February 24. Alpaca also tweeted about the initiative on February 24.
“The Alpaca Herd is calling out to all community members to step forward and apply to become Frenpacas. As a Frenpaca, your task will be to look after young alpacas and help the Herd grow,” Head of Strategy and Marketing at Alpaca Finance, Samsara NotALlama, wrote on Medium.
Users who become Frenpacas would receive limited edition Non-fungible Tokens (NFT) plus special access to members of the Alpaca Finance team. Additionally, they would be invited to the protocol’s Alpaca Finance Frenpaca channel, which comprises Frenpacas, Guardian Alpacas, and Alpaca team members. Alpaca Finance would also treat Frenpacas’ feedback and suggestions as a high priority.
According to the publication, members passionate about DeFi, strong supporters of Alpaca Finance, not llamas, and regularly frequent in the protocol’s social community would be considered by the DeFi protocol. Read their blog post to learn more about Frenpacas, their tasks, and how to become one.
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.
Source : bsc.news
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