Sep 9, 2021
NAOS Finance Joining The Herd with Alpaca Finance
We’re excited to join the Alpaca herd in the grazing range!
With this partnership, you will be able to open leveraged yield farming positions up to 2.0x on PancakeSwap’s NAOS-BNB pair, which currently yields ~115% APR in CAKE Rewards! The pool will go live on September 14th, 2021 at 10 AM GMT.
As part of the Grazing Range program, you’ll also be able to stake ibALPACA for $200K USD in NAOS rewards which will be distributed over 4 weeks.
Leveraged yield farmers in the NAOS-BNB pool will also receive bonus ALPACA rewards, on top of the leveraged yield farming rewards and trading fees.
Grazing Range Reward Details
- Total Rewards: 135,135 NAOS (~$200k USD) over 4 weeks
- NAOS Token: 0x758d08864fb6cce3062667225ca10b8f00496cc2
- Rewards Start Block: 10,911,000 (Approx. Sep 14th, 2021 10AM GMT)
- Rewards End Block: 11,717,400 (Approx. Oct 12th, 2021 10AM GMT)
Distribution Schedule:
Exclusive NFT Cards for Pool’s Stakers
To be eligible, you must stake ibALPACA in the NAOS Grazing Range pool before September 15th, 10AM GMT (1 day after the pool opens) and stake for at least 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
The NAOS-Alpaca NFT card holders will have exclusive access to future perks down the road.
About NAOS Finance
NAOS Finance is a decentralized real world asset (RWA) lending protocol that facilitates the borrowing of crypto native assets by using RWA as collateral. NAOS has established a large network of corporate borrowers and is operating with financing licenses in multiple regions. In the effort of connecting CeFi with DeFi, NAOS takes an ecosystem approach and looks to engage in meaningful strategic partnerships to expand the boundary of decentralized finance.
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About 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.
