A new partnership is formed between Alpaca Finance and MDEX — Opens new staking pools where users can earn an extra profit!
New LYF Pools
Alpaca Finance is planning to add the following LYF pools from MDEX:
(*pools are subject to change)
September 30th, 2021
- BTCB-USDT: 3x max leverage, double-sided borrowing
- ETH-USDT: 3x max leverage, double-sided borrowing
- MDX-BNB: 3x max leverage
- MDX-BUSD: 3x max leverage
October 5th, 2021
- BNB-USDT: 3x max leverage, double-sided borrowing
- BNB-ETH: 3x max leverage, double-sided borrowing
- BNB-BUSD: 3x max leverage, double-sided borrowing
October 7th, 2021
- BTCB-ETH: 3x max leverage, double-sided borrowing
- BNB-BTCB: 3x max leverage, double-sided borrowing
- USDC-USDT: 4x max leverage
- DAI-USDT: 4x max leverage
MDEX
With over $1 billion in TVL, MDEX is the 2nd largest decentralized exchange on BSC utilizing an automated market-making mechanism. It aims to integrate the distinct advantages of a variety of basic public chains to create a high-performance compound DEX ecosystem.
Using dual mining incentives through liquid mining and transaction mining, MDEX maximizes the returns for participants. The transaction fee charged is utilized to repurchase and burn the platform token, which contributes to materializing a self-driving closed loop for value capture.
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.
Source
https://medium.com/alpaca-finance/announcing-alpacas-3rd-dex-integration-welcoming-mdex-to-the-herd-3f3c83be89ec
