Leverage boosting is one of the numerous benefits users obtain from owning Alpie NFTs on Alpaca’s leveraged yield farming protocol.
Alpaca Finance Drops In-depth Analysis
Ahead of Alpies Non-fungible token (NFT) sale on 19th October, Alpaca Finance explained the details of its innovative Alpie’s NFT leverage boosting feature. The explanation from the leveraged yield farming protocol on Binance Smart Chain (BSC) prepared users for the NFT sale.
The NFT sale has already gone live. Moreover, users who purchase any of the exclusive limited edition Alpies stand to gain many benefits. One of the aforementioned benefits is 50% higher maximum leverage on Alpaca Finance. In the early hours of Tuesday, 19th October, the protocol explained the huge profit yield farmers could get from the unique feature.
“In this thread, we’ll do a break-even analysis, calculating how much most leveraged yield farmers can expect to earn from an Alpie’s 50% max leverage boost & comparing that to an Alpie’s cost,” the leveraged yield farming protocol tweeted.
According to the disclosure, yield farmers would earn greater profits from owning Alpies. However, Alpaca Finance warned that a higher Annual Percent Yield (APY) might be too appealing for users to risk higher leverage.
“Though higher APYs are appealing, users should note that higher leverage comes with a higher chance of liquidation,” Alpaca wrote. “So you should still be sure to choose your positions well! And manage price movements with alerts.
Read Alpaca’s Tweet thread for details of Alpie NFT leverage boosting.
About Alpaca Finance
Alpaca Finance is the largest lending protocol that allows 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.
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. From the beginning, the project has always been a product built by the people, for the people––or as the Alpaca team likes to say: by the Alpacas, for the Alpacas.
Where to Find Alpaca Finance:
Source : bsc.news