AlpacaFinance Removing TOMB Farms
AlpacaFinance Removing TOMB Farms such as TOMB-FTM and TSHARE-FTM from their Fantom platform.
The primary reason is that the Tomb Finance team has launched their own DEX, and as a result, moved TSHARE farming rewards away from SpookySwap to incentivize their own LPs. Therefore, the TOMB-FTM and TSHARE-FTM farms on their platform no longer have farming rewards. Furthermore, TOMB (an algorithmic token pegged to FTM) has significantly depegged from FTM. Due to the instability of algorithmic tokens at this time, they have also decided to remove this pair to protect their platform and users from further instability. And now announcing AlpacaFinance Removing TOMB Farms.
For Users
For users who have open positions in TOMB-FTM and TSHARE-FTM, they encourage users to close their positions now. After 2nd June 2022, they will forcefully close any remaining positions to prevent potential bad debt due to low liquidity in the LP. Meanwhile, with a security-first mindset, Alpaca Finance will continue to regularly add more products and integrations to expand their offerings.
What does Alpaca Finance offers?
They will make your farming yields sky-high once you become their friend. Offers many farming pools for you to choose from. Sending transactions on BNB Chain is incredibly efficient and will cost you much less gas than on other chains, maximizing your yields. Everything about their project is transparent and verifiable; there will be no rug pull! Their protocol’s leveraged positions will allow you to amplify your profit potential, providing higher yields on less capital.
About Fantom
Fantom is a high-performance, scalable, EVM-compatible, and secure smart-contract platform. Fantom’s mainnet deployment—Fantom Opera—is built on Fantom’s consensus mechanism, Lachesis. Fantom is a leaderless, asynchronous, and byzantine fault-tolerant Layer 1 blockchain protocol. Lachesis enables Fantom to deliver fast transaction speeds, low transaction costs, and deterministic finality. This is achieved while remaining permissionless, decentralized, and open-source.
About Alpaca Finance
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on BNB 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. As an enabler for the entire DeFi ecosystem, Alpaca amplifies the liquidity layer of integrated exchanges, improving their capital efficiency by connecting LP borrowers and lenders. It’s through this empowering function that Alpaca has become a fundamental building block within DeFi, helping bring the power of finance to each and every person’s fingertips, and every alpaca’s paw… Furthermore, alpacas are a virtuous breed. That’s why, they are a fair-launch project with no pre-sale, no investor, and no pre-mine
