Alpaca Finance Product Update #5
Alpaca Finance introduced Product Update #5: PancakeSwapV2 migration & a lot of new features coming up.
PancakeSwap Migration Completed.
- You can now access your active positions: add collateral and close position functions now work as usual.
- You can now open new leveraged farming positions: new positions will be opened in V2 farms
- Slippage/Swap fees ended up being trivial: Due to automatic migration, slippage from V1 to V2 was tiny for all the pools, on average below .0001%. Meanwhile, with other projects, you would’ve had to pay full exit and reentry fees twice(price impact and trading fees) or to deposit into risky unaudited vaults.
ALPACA-BNB Staking Pool.
ALPACA vault & ALPACA-BUSD Leveraged Farming New Timeline.
- Double-sided LYF: you’ll be able to choose which asset to borrow when opening LYF positions if both assets have lending pools. This will allow you to customize your asset exposure, as well as implement unique shorting and hedging strategies.
- Partial Closing of Positions: you’ll be able to partially exit your LYF positions, allowing for more flexibility in farming. This will enable you to better customize your leverage levels on active positions, as well as minimize price impact when closing large positions.
- More partnerships: they are closing deals with a multitude of partners at the moment for the Featured Leveraged Pool Program. These partnerships will also involve a new reward mechanism solely for ALPACA holders that will add significant utility to the token.
What is Alpaca Finance?
Alpaca Finance is a leverage yield farming protocol built on the Binance Smart Chain. It allows yield farmers to earn higher return by opening a leverage position
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