Alpaca Finance

Thus, Alpaca Finance was born, seeking to provide value to the BSC community through leveraged yield farming. Alpaca was launched as an authorized fork of the Alpha HomoraAlpha Homora project (Alpha Finance Lab) on BSCBSC.

Alpaca Finance is lending protocol allowing leveraged yield farming on Binance Smart Chain (BSC). It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.

Yield farmingYield farming is an innovativee DeFi concept where users stake or lend their crypto assets in order to receive returns.

• Alpaca contract - borrows BNB to create leverage in vaults, optimally distributes the deposit and borrowed BNB in the BTC/BNB farming pool in equal shares, receives LP-tokens (liquidity pool tokens), then stakes, with rewards in Cake token: reinvests Cake every 30 minutes, maximizing companding through the sale of Cake in BNB, which (BNB) redirects to the BTC/BNB farming pool on the Pancakeswap.

Alpaca has leveraged farming integrated with PancakeSwap and MDEX.

• Lender (Alice): deposits his assets in the Alpaca lending vaults. For this, he receives income in the form of ib-tokensib-tokens (which accumulate interest), receiving rewards in Alpaca tokens.

• Farmer - selects an asset (BNBBNB, BUSDBUSD, USDTUSDT, etc.) for the lending pool and leverage.

• Alpaca contract - borrows BNBBNB to create leverage in vaults, optimally distributes the deposit and borrowed BNB in the BTC/BNB farming pool in equal shares, receives LP-tokens (liquidity pool tokens), then stakes, with rewards in Cake token: reinvests Cake every 30 minutes, maximizing companding through the sale of Cake in BNB, which (BNB) redirects to the BTC/BNB farming pool on the Pancakeswap.

• Alpaca contract - borrows BNB to create leverage in vaults, optimally distributes the deposit and borrowed BNB in the BTC/BNB farming pool in equal shares, receives LP-tokens (liquidity pool tokens), then stakes, with rewards in Cake token: reinvests Cake every 30 minutes, maximizing companding through the sale of Cake in BNB, which (BNB) redirects to the BTC/BNB farming pool on the PancakeswapPancakeswap.

• Alpaca contractcontract - borrows BNB to create leverage in vaults, optimally distributes the deposit and borrowed BNB in the BTC/BNB farming pool in equal shares, receives LP-tokens (liquidity pool tokens), then stakes, with rewards in Cake token: reinvests Cake every 30 minutes, maximizing companding through the sale of Cake in BNB, which (BNB) redirects to the BTC/BNB farming pool on the Pancakeswap.

• contract borrows BNB to create leverage in vaults, optimally distributes the deposit and borrowed BNB in the BTC/BNB farming pool in equal shares, receives LP-tokens (liquidity pool tokens), then stakes, with rewards in Cake token: reinvests Cake every 30 minutes, maximizing companding through the sale of Cake in BNB, which (BNB) redirects to the BTC/BNB farming pool on the Pancakeswap.

There are three types of members: Lender, Yield farmer, Liquidator.

• Liquidator (Erin): monitors the pool for leveraged farming positions with Safety Buffers at 0 (when equity collateral becomes too low, thus approaching risk of default) and liquidates them (bots only). For this service, she takes a 5% reward from the liquidated position. At Alpaca, we also have an in-house bot for this which uses 100% of this fee for a buyback and burn of the ALPACA token.

For example,

• For example,Lender she- deposits her BNB into Alpaca's lending vault, in return she receives ib-BNB (which represent her share of the pool, and accumulate interest). Interest is accumulated as rewards in Alpaca tokens. When she wants to get her BNB back, she will exchange ib-BNB again, earning BNB+interest in Alpaca tokens.

• FarmerFarmer - selects an asset (BNB, BUSD, USDT, etc.) for the lending pool and leverage.

• Farmer - selects an asset (BNB, BUSD, USDT, etc.) for the lending pool and leverage.

For example, she deposits her BNB into Alpaca's lending vault, in return she receives ib-BNB (which represent her share of the pool, and accumulate interest). Interest is accumulated as rewards in Alpaca tokens. When she wants to get her BNB back, she will exchange ib-BNB again, earning BNB+interest in Alpaca tokens.

• For example, she deposits her BNB into Alpaca's lending vault, in return she receives ib-BNB (which represent her share of the pool, and accumulate interest). Interest is accumulated as rewards in Alpaca tokens. When she wants to get her BNB back, she will exchange ib-BNB again, earning BNB+interest in Alpaca tokens.

• Lender (Alice): deposits his assets in the Alpaca lending vaults. For this, he receives income in the form of ib-tokens (which accumulate interest), receiving rewards in Alpaca tokens.

• Farmer (Bob): uses borrowed funds from the vault (leverage) on his deposit, and opens a position, for example, on a pair of BTC/BNB (by default, long), in order to get a higher profit.

• Liquidator (Erin): monitors the pool for leveraged farming positions with Safety Buffers at 0 (when equity collateral becomes too low, thus approaching risk of default) and liquidates them (bots only). For this service, she takes a 5% reward from the liquidated position. At Alpaca, we also have an in-house bot for this which uses 100% of this fee for a buyback and burn of the ALPACA token.

These assets are then offered to yield farmers for leveraging up their positions. This is the safest way to make a profit in the scheme.

For example, she deposits her BNB into Alpaca's lending vault, in return she receives ib-BNB (which represent her share of the pool, and accumulate interest). Interest is accumulated as rewards in Alpaca tokens. When she wants to get her BNB back, she will exchange ib-BNB again, earning BNB+interest in Alpaca tokens.

• Lender (Alice) deposits his assets in the Alpaca lending vaults. For this, shehe receives income in the form of ib-tokens (which accumulate interest), receiving rewards in Alpaca tokens.

These assets are then offered to yield farmers for leveraging up their positions. This is the safest way to make a profit in the scheme.

For example, she deposits her BNB into Alpaca's lending vault, in return she receives ib-BNB (which represent her share of the pool, and accumulate interest). Interest is accumulated as rewards in Alpaca tokens. When she wants to get her BNB back, she will exchange ib-BNB again, earning BNB+interest in Alpaca tokens.

• Farmer (Bob) uses borrowed funds from the vault (leverage) on his deposit, and opens a position, for example, on a pair of BTC/BNB (by default, long), in order to get a higher profit.

• Lender (Alice) deposits his assets in the Alpaca lending vaults. For this, she receives income in the form of ib-tokens (which accumulate interest), receiving rewards in Alpaca tokens.

There are three types of members: Lender, Yield farmer, Liquidator.

Alpaca Finance is the largest lending protocol allowing leveraged yield farmingyield farming on Binance Smart Chain (BSC). It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.