Oddz Joins Alpaca’s Grazing Range Pool
$160k Worth ODDZ Tokens To Be Distributed
We are delighted the announce a new partnership between Oddz and Alpaca Finance — the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. Alpaca Finance allows users to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.
Snapshots:
- Open leveraged yield farming positions up to 2.0x on PancakeSwap’s ODDZ-BNB pair.
- Earn $10k in ALPACA tokens per week for every ~$1 million TVL in the pool, on top of the leveraged yield farming rewards and trading fees.
- Stake your ibALPACA to earn $160k in ODDZ tokens which will be distributed over 4 weeks.
This partnership with Alpaca Finance will allow users to open leveraged yield farming positions up to 2.0x on PancakeSwap’s ODDZ-BNB pair, which currently yields ~220% APR in CAKE Rewards! The pool will go live on June 17th, 2021 at 10 AM GMT.
As part of the Grazing Range program, you’ll also be able to stake ibALPACA for $160k in ODDZ tokens which will be distributed over 4 weeks.
Leveraged yield farmers in the ODDZ-BNB pool will also receive $10k in ALPACA rewards per week for every ~1 million TVL in the pool, on top of the leveraged yield farming rewards and trading fees.
Grazing Range Reward Details
Total Rewards: 289,000 ODDZ (~$160k USD)
ODDZ Token: 0xcd40f2670cf58720b694968698a5514e924f742d
Rewards Period: 4+ weeks
Rewards Start Block: 8,375,000 (Approx. June 17th, 2021 10 AM GMT)
Rewards End Block: 9,181,400 (Approx. July 15th, 2021 10 AM GMT)
Distribution Schedule:
Exclusive NFT Cards for Pool’s Stakers
To be eligible, you must stake ibALPACA in the ODDZ Grazing Range pool before June 18th, 10 AM 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
About Alpaca Finance
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.
Furthermore, Alpacas are a virtuous breed. That’s why, we are a fair-launch project with no pre-sale, no investor, and no pre-mine. So from the beginning, this has always been a product built by the people, for the people. Or as we like to say: by the Alpacas, for the Alpacas.
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About Oddz
Oddz is a trustless on-chain option trading platform that expedites the execution of call and put options contracts, conditional trades, and futures. It allows the creation, maintenance, execution, and settlement of trustless option contracts, conditional tokens agreements, and futures contracts in a fast, secure, and flexible manner.
It employs the synergies of Ethereum, Binance Smart Chain, and Polkadot to unleash the potential decentralized derivatives market. It focuses on building solutions that can propel the DeFi ecosystem by simplifying derivatives trading and enhancing the user experience.
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