pSTAKE is pleased to announce that we’re integrating with Alpaca Finance to bring leveraged yield farming opportunities to stkBNB and PSTAKE token holders.
Alpaca Finance is one of the largest lending protocols allowing leveraged yield farming on BNB Chain. At the time of writing, the platform has $541M+ in TVL (Total Value Locked), making it the third largest protocol within the BNB Chain ecosystem.
Leverage Yield Farming
Users will be able to leverage farm PancakeSwap’s stkBNB/BNB and PSTAKE/BUSD pools by opening yield-farming positions with up to 4x and 2x leverage, respectively.
Leveraged yield farmers can earn ALPACA and additional PSTAKE rewards (more details to be shared soon). All leveraged positions can be opened and closed at any time.
Grazing Range Program
pSTAKE will also be part of Alpaca’s Grazing Range program, allowing users to earn additional PSTAKE rewards by staking ALPACA tokens in the governance vault.
With this integration being deployed on August 10, 2022, we’re excited to bring this opportunity to our community and will continue to expand our relationship with the Alpaca Finance team.
*last updated August 10, 2022
About Alpaca Finance
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on BNB Chain and Fantom. The platform allows lenders to earn safe and stable yields and borrowers to take out undercollateralized loans for leveraged yield farming positions, ultimately allowing them to maximise potential profits.
pSTAKE is a liquid staking protocol that unlocks liquidity for your staked assets. With pSTAKE, you can securely stake your Proof-of-Stake (PoS) assets, participate in protocol improvements and security to earn staking rewards, and receive staked underlying representative tokens (stkASSETs) which can be used to explore additional yield opportunities across DeFi.
At present, pSTAKE supports Binance Chain (BNB), Cosmos (ATOM), Persistence (XPRT), and Ethereum (ETH) networks’ native tokens, with a view to support more chains and assets in the future (SOL, and AVAX).
Developed by Persistence
Persistence is a Tendermint-based, specialised Layer-1 network powering an ecosystem of DeFi applications focused on unlocking the liquidity of staked assets. Persistence facilitates the issuance and deployment of liquid-staked stkASSETs, allowing users to earn staking rewards while participating in DeFi primitives, such as lending/borrowing and liquidity provisioning on DEXs.
Persistence aims to offer a seamless staking and DeFi experience for PoS (Proof-of-Stake) users and enable developers to build innovative applications around stkASSETs.