ANN | Phala Joins Grazing Range Pool of Alpaca Finance, Gets 2.5x APYs!
Phala Network (PHA) joins the Grazing Range Pool of Alpaca Finance today!
With this partnership, all young alpacas and Phamily are able to open leveraged yield farming positions up to 2.5x on PancakeSwap’s PHA-BUSD pair, which currently yields over 490% APY! And the pool is now live.
As part of the Grazing Range program, you’ll also be able to stake ibALPACA for $217K USD in PHA rewards which will be distributed over 4 weeks.
Leveraged yield farmers in the PHA-BUSD pool will also receive bonus ALPACA rewards, on top of the leveraged yield farming rewards and trading fees.
Grazing Range Reward Details
- Total Rewards: 270,000 PHA (Approx. $217k USD)
PHA Token: 0x0112e557d400474717056c4e6d40edd846f38351
- Rewards Period: 4+ weeks
- Rewards Start Block: 10,567,000 (Approx. Sep 2nd, 2021 10AM GMT)
- Rewards End Block: 10,373,400 (Approx. Sep 30th, 2021 10AM GMT)
- Distribution Schedule:
Exclusive NFT Cards for Pool’s Stakers
To be eligible, you must stake ibALPACA in the PHA Grazing Range pool before September 3rd, 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 earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principles 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, and every alpaca’s paw…
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.
Learn more about Alpaca Finance:
About Phala
Phala Network tackles the issue of trust in the computation cloud.
This blockchain is a trustless computation platform that enables massive cloud processing without sacrificing data confidentiality. Built around TEE-based privacy technology already embedded into modern processors, Phala Network’s distributed computing cloud is versatile and confidential. By separating the consensus mechanism from computation, Phala ensures processing power is highly scalable but not wasteful. Together, this creates the infrastructure for a powerful, secure, and scalable trustless computing cloud.
As a member parachain of the Polkadot cross-chain ecosystem, Phala will be able to provide computing power to other blockchain applications while protecting the data layer, enabling possibilities like privacy-protected DeFi trading positions and transaction history, co-computing DID confidential data, developing light-node cross-chain bridges, and more.
On-chain services currently being developed on Phala Network include Web3 Analytics: high-performance smart contracts from Phala to enable highly concurrent mass data analytics with privacy, paving the way for an alternative to Google Analytics that inherently respects individual confidentiality.
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