The two platforms on Binance Smart Chain join forces to boost leveraged APYs insanely high!
Leveraging the Yield
On June 10th, Wault Finance tweeted the breaking news that there are now three new leveraged yield farming pools available on Alpaca Finance. With the added leverage component that Alpaca Finance offers, the yields have exploded. Leverage yield farming in short allows investors to yield farm combined with the ability to borrow assets then automatically reinvest those assets back in the yield farm to increase returns over time.
The news comes hot off the heels of Wault Finance’s massive Polygon partnership, where holders of WEX who had staked their holdings will soon be airdropped WEXpoly. WEX holders should pay attention for news about the upcoming airdrop.
A Strong Alliance
The partnership between WaultSwap and Alpaca finance is tremendous for Wault. Alpaca Finance is currently the largest lending protocol that allows users leveraged yield farming on Binance Smart Chain (BSC). The platform helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principles and resulting profits.
In the tweet from June 10th, Alpaca shows off the newest 6 new leverage yield optimizing vaults. The WEX-USDT LP is looking to hit unbelievable heights at 58 million% APY. With the ability to borrow assets and then redeploy them back into the vault with the auto compound feature on Alpaca, users can now easily hyper compound their WEX tokens. The boosted vaults have already caught the eyes of investors, as WEX is currently trading at up 10.5% in the last 24 hours according to CoinGecko.
For WEX holders, the partnership between WEX and Alpaca finance is very impactful. It signals substantial future TVL and trading volume will soon be entering their platform, which will lead to bigger buybacks, further burning of WEX, and a dramatic boost to the underlying value of the Wault Finance protocol. WSwap is already one of the fastest-growing DEX on BSC, now reaching 3rd place behind PancakeSwap and MDex. With such a major partnership, could they reach even higher?
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principles and resulting profits.
Alpacas are a virtuous breed. That’s why, Alpaca Finance prides itself on being a fair-launch project with no pre-sale, no investor, and no pre-mine. So from the beginning, the project has always been a product built by the people, for the people. Or as they like to say: by the Alpacas, for the Alpacas.
Wault Finance is a decentralized finance hub that aims to be a one-stop shop for DeFi applications. The platform circumvents traditional hassles that surround crypto applications such as high fees, complex trading interfaces, and other centralized tenets of finance.
Wault’s products include WaultSwap, Wault Launchpad, Wault Locker, as well as plans for future innovation to boost their platform to even higher levels. Wault is a community-oriented project and started with a low market cap and no whale-like venture capital investments.
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.