NAOS x Alpaca Live on Graze and Farm
The NAOS-BNB Leveraged Farming Pool and Grazing Range are now live on Alpaca Finance!
You will be able to open leveraged yield farming positions up to 2.0x on PancakeSwap’s NAOS-BNB pair!
How to Open NAOS-BNB Leveraged Yield Farming Positions
Step 1: Get BEP-20 NAOS token via PancakeSwap or transfer from ETH to BSC (click here if you have questions about token transfers)
Step 2: Go to Alpaca’s Finance Farm Page, connect wallet and make sure network is set to Binance Smart Chain
Step 3: Select the NAOS-BNB Farming Pool
Step 4: Click “Farm”, enter the amount and select desired leverage (up to 2.0x), and borrow BNB asset with corresponding leverage
Step 5: Click to confirm transaction
Tips:
- You can add liquidity directly on Alpaca without going to PancakeSwap first
- You may supply any combination of the two assets in the NAOS-BNB farming pair. Alpaca optimally converts your deposits and the borrowed assets to get an equal value-split to supply the PancakeSwap pool
- You will be able to choose your desired leverage from 1.0x to 2.0x. Please note that you won’t get additional ALPACA rewards without leverage (1.0x). And you will borrow an amount of BNB equal to your deposits with 2.0x leverage. Alpaca will automatically convert it to get an optimal liquidity pair
- Make sure you are aware of the risks before opening your positions
How to Stake ibALPACA to Earn NAOS Rewards
As part of the Grazing Range program, you’ll also be able to stake ibALPACA for $200K USD in NAOS rewards!
Step 1: Go to Alpaca’s Lend Page and connect to BSC wallet
Step 2: Click Deposit on the ALPACA pool to receive ibALPACA
Step 3: Go to Alpaca’s Grazing Range Page, stake ibALPACA in the NAOS pool
Grazing Range Reward Details:
- Total Rewards: 135,135 NAOS (~$200k USD) over 4 weeks
- BEP-20 NAOS Token: 0x758d08864fb6cce3062667225ca10b8f00496cc2
- Rewards Start Block: 10,911,000 (Approx. Sep 14th, 2021 10AM GMT)
- Rewards End Block: 11,717,400 (Approx. Oct 12th, 2021 10AM GMT)
Exclusive NFT Cards for NAOS Pool Stakers:
To be eligible, you must stake ibALPACA in the NAOS Grazing Range pool before September 15th, 10AM 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.
The NAOS-Alpaca NFT card holders will have exclusive access to future perks.
- Green Tier: staked ≥ 500 ibALPACA
- Silver Tier: staked ≥ 5,000 ibALPACA
- Gold Tier: staked ≥ 50,000 ibALPACA
About NAOS Finance
NAOS Finance is a decentralized real world asset (RWA) lending protocol that facilitates the borrowing of crypto native assets by using RWA as collateral. NAOS has established a large network of corporate borrowers and is operating with financing licenses in multiple regions. In the effort of connecting CeFi with DeFi, NAOS takes an ecosystem approach and looks to engage in meaningful strategic partnerships to expand the boundary of decentralized finance.
About Alpaca Finance
Alpaca Finance is the largest lending protocol allowing 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 principals and resulting profits.
📰 INFO
https://medium.com/naos-finance/naos-x-alpaca-live-on-graze-and-farm-45e5867def5d
