NFTY Labs is happy to announce an exciting partnership with Alpaca Finance, the largest lending protocol allowing leveraged yield farming on Binance Smart Chain.
With this collaboration, we’ve created a single staking pool which will go live on Oct 26th, 2021, at 10 AM GMT. You may now stake ibALPACA to earn $NFTY tokens in this pool as soon as it launches. Doing so comes with exciting benefits you can’t afford to miss.
- Users who stake their ibALPACA will get to earn more NFTY.
- Users that stake ibALPACA (Alpaca’s interest-bearing tokens) on the Alpaca Platform for 28 days (4 weeks) will be eligible to win an adorable Alpaca Finance NFT, as well as a share of $NFTY tokens, rewards worth over $93k. To be considered for this category, you must be a member of one of the three tiers listed below.
How To Stake
Staking your tokens on the Alpaca Finance is quite easy.
Step 1: Head over to the Grazing Page and connect your desired token wallet.
Step 2: Select the NFTY staking pool and enter the amount of tokens you would like to stake.
Step 3: Confirm the transaction and start earning rewards!
Here’s also the official Alpaca staking documentation and a visual explainer.
We’re committed to safeguarding your finances, which is why we worked so hard to secure this arrangement with Alpaca Finance. Their smart contracts have been audited 13 times, including Certik and Peckshield, two leading industry auditors. They’ve also obtained the highest security rating on the BSC platform and have gone to great efforts to ensure the safety and security of your $NFTY tokens.
Alpaca Finance has also established partnerships with major DeFi players like ChainLink and PancakeSwap, and we are honored to be among their esteemed partners. Here’s the Alpaca Finance blog announcement if you want to learn more about this new development.
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.
About NFTY Labs
NFTY Labs is a foundation focusing on the growth of NFT ecosystems by building open-sourced, community-based tools that will unlock inherent utility and value within NFTs. NFTY Lab’s goal is to create new applications that offer new utilities for NFTs, and we aim to do this by utilizing a core feature of all NFTs: ownership.