Alpaca Finance Grazing Range #9: Formation.fi
Users will be able to open leveraged yield farming positions up to 2.0x on PancakeSwap’s FORM-BUSD pair, which currently yields ~240% APR in CAKE Rewards! The pool will go live on June 29th, 2021 at 10 AM GMT. In addition, users also be able to stake ibALPACA for $215K USD in FORM rewards which will be distributed over 4 weeks.
Reward Details
- Total Rewards: 1,000,000 FORM (~$260k USD)
- FORM Token: 0x25a528af62e56512a19ce8c3cab427807c28cc19
NFT Card for pool stakers
Participants must stake ibALPACA in the FORM Grazing Range pool before June 30th, 10 AM GMT (1 day after the pool opens) and stake for at least 27 days. The NFT tier you receive will be based on the amount of ibALPACA staked.
Formation.fi
Formation Fi is a DeFi project that aims to take yield farming to another level by integrating the risk parity strategy first implemented by billionaire hedge fund manager Ray Dalio for stock markets. The yield farming protocol developed by Formation Fi distributes risk across multiple uncorrelated assets within the crypto space.
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