Announcing Alpaca’s 3rd Major DEX Integration; Welcoming MDEX to The Herd!
Dear alpacas,
That time has come again; The time to spread our Herd onto new and greater pastures — an opportunity to explore, to eat, and to farm.
Of course, we’re talking about more farming pools! A lot more!
Today, we are very happy to announce a new partnership between Alpaca Finance and MDEX — a new super-field where our herd can enjoy safe and high yields!
MDEX is the 2nd largest DEX on BNB Chain with a TVL of $1Bn+ USD and hundreds of millions in daily trading volume. With MDEX’s focus on USDT pairs, this integration will increase the utilization of USDT and other lending pools, provide new farming opportunities, generate all-around higher yields for users, and create larger buybacks, burns, and performance fees for ALPACA holders!
👩🌾 New LYF Pools
We plan 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
📈Higher APR%
MDEX APR% are higher for most of the pools we are adding as you can see in the table below:
Data as of September 25th, 2021
🔒Security
As always, our integration contract has been reviewed by a professional audit firm. You can view the audit report by Inspex here.
ℹ️ About MDEX
With over $1 billion in TVL, MDEX is the 2nd largest decentralized exchange on BNB Chain 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.
