TEN X ALPACA
First came the Grazing Range, then came the YIELDEX!
TEN Finance is always on the lookout for mutually beneficial partnerships, especially when it come to the DeFi community and our TENFI holders! There are so many instances, where the partnerships are done in such a manner that only one of the parties reaps the rewards while the holders of the other community are left reeling. It’s natural, nobody wants to see their beloved natives being dumped!
This is why, when we had the opportunity to partner up with one of the top platforms on BSC, it was a no brainer for us to jump right in!
With our Alpaca collaboration, we allow ALPACA holders to stake the native ALPACA tokens to earn TENFI in the Grazing Range, and with the Alpaca YIELDEX vaults, our users, with the support of Alpaca Finance, get exposure to the Interest Bearing single assets from the Alpaca platform!
TEN Finance will have two YIELDEX vaults supporting the Alpaca platform.
ALPACA CRYPTO ASSETS (ibALPACA, ibBNB, ibBTCB, ibETH, TENFI)
ALPACA STABLE ASSETS (ibALPACA, ibBUSD, ibUSDT, ibTUSD, TENFI)
The YIELDEX vaults are just like any other vault we have, they are auto-compounded daily between the hours of 08:30AM UTC to 09:30AM UTC and earn additional TENFI tokens as a reward.
The YIELDEX has a deposit fee of 1% and no withdrawal fees upon exit! To learn more about the YIELDEX, please go here.
Having the Alpaca single assets on the TEN Finance is indeed a strong reference point to our pursuit of simplifying DeFi and by having the YIELDEX do all the work for the user with the simplicity of a single click!
We are excited and looking forward to working closely with the Alpaca Finance team for additional future collaborations.
Thank you to everyone who contributed to this collaboration thus far.
Learn more about Alpaca Finance at their official communication channels listed below.