PLUTOS AND ALPACA FINANCE GRAZING RANGE POOL FOR NFT AND STAKING
With over $1 billion USD in TVL and more than 50,000 active users, Alpaca is one of the top blue-chip projects existing on Binance Smart Chain, and top 30 within all of cross-chain DeFi
Alpaca Finance is the largest lending protocol within the crypto world that allows leveraged yield farming on Binance Smart Chain.
Yield farming is an innovative DeFi concept where users stake or lend their crypto assets in order to receive returns. In the context of yield farming, leverage involves borrowing assets to multiply your yield farming position, resulting in you accruing larger yields. This is a general profit maximization strategy. 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.
Alpaca is also a pioneer in the NFT space, having released the first NFT animated short story series in early 2021. Unlike other NFT projects that mainly create NFT collectibles, Alpaca Finance focuses on creating NFTs with utility, such as POAPs, certificate NFTs, and now NFTs incorporated in P2E gaming and DeFi.
Alpaca’s new Alpies NFT collection is a series of 10,000 exclusive NFTs, that not only offer utility within Alpaca’s existing financial platform, but will also serve as presale allocation tickets and heroes within Alpaca’s upcoming P2E game. Alpies will be sold on two chains, $ETH and $BSC
Alpaca Finance welcomes $PLUT ( native utility token in Plutos Network) to Grazing Range Pool #39.
The Grazing Range is a magical place where Alpacas can graze on rare crops of their choice.
On the Grazing Range page, users will be able to select which token rewards they wish to graze on and stake ibALPACA to receive those rewards.
All young alpacas will be able to stake ibALPACA for $94k USD in PLUT rewards, which will be distributed over 4 weeks in the Grazing Range. The pool will go live on Nov 30th, 2021 at 10:00 AM GMT.
Grazing Range Reward Details:
Total Rewards: 386,000 PLUT (~$94k USD)
PLUT Token: 0x2984f825bfe72e55e1725d5c020258e81ff97450
Rewards Period: 4+ weeks
Rewards Start Block: 13,082,600 (Approx. Nov 30th, 2021 10 AM GMT)
Rewards End Block: 13,889,000 (Approx. Dec 28th, 2021 10 AM GMT)
As usual for a Grazing Range pool, you will also have a chance to earn exclusive NFTs if you meet the staking criteria.
Exclusive NFT Cards for Pool’s Stakers:
To be eligible, you must stake ibALPACA in the PLUT Grazing Range pool before December 1st, 10 AM GMT (1 day after the pool opens) and stake until at least December 28th, 10 AM GMT (for 27 days).
The NFT tier you receive will be based on the amount of ibALPACA staked.
- Green Tier: staked at least 500 ibALPACA
- Silver Tier: staked at least 5,000 ibALPACA
- Gold Tier: staked at least 50,000 ibALPACA
About Plutos Network:
Plutos Network is a multi-chain synthetic issuance & derivative trading platform which introduces mining incentives and staking rewards to users. By integrating blockchains such as Solana, Polkadot, and BSC, enabling on-chain and cross-chain liquidity and trading, Plutos Network is to offer users synthetic issuance and trading services for a wide range of synthetic products which are sustainable, profitable, and disruptive to the traditional derivative market.
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