Alpaca Finance will work with TUSD to increase liquidity depth and new loan and farming pools for users.
To increase liquidity for its new pools, Alpaca Finance has developed a 20 million agreement integrating TUSD.
On July 12th, 2021, the protocol has declared a collaboration with TrueUSD (TUSD) via Medium.
Less leveraged yield farming on TUSD pairings, with reserves transferred into Alpaca’s lending platform. Indeed, the improved yield farms offer more earning options for Alpaca Finance consumers, including TUSD holders.
The protocol will present new pools and characteristics for its users as part of the partnership growth. Moreover, Token-based ALPACA reward staking with ibTUSD, and TUSD-BUSD leveraged farm CAKE Syrup pool are among the innovations that will count.
On July 15th at 7 AM GMT, the TUSD deposit vault/lending pool and the ibTUSD staking will launch. Therefore, users will start making TUSD deposits on Alpaca’s Lend Page. Users can receive dual-earnings via betting ibTUSD to gain ALPACA prizes and will accomplish this on the Stake Page. TUSD deposits by users, and ibTUSD obtained after that.
At 10 AM GMT, the leveraged farming pool will introduce on the same day. Users will unlock leveraged positions through the protocol’s Farm Page. Lastly, at 10 AM GMT, the CAKE Syrup pool will launch on July 20th, and users will borrow TUSD to cultivate the CAKE Syrup pool on its Farm Page.
The alliance will deliver both lenders and borrowers of TUSD the best compensations. Here is a rundown of the advantages for both kinds of users (Lenders and Borrowers):
TUSD Lenders and Borrowers
From borrowed TUSD, TUSD lenders gain interest. Interest received varies, varying from 0% – 150% Annual Percent Rate (APR), which is equal to 0% – 348% Annual Percent Yield (APY) — compounded every day. Also, Lenders acquire ALPACA bonuses by staking ibTUSD. The protocol will issue 30 bonus points to lenders who bet ibTUSD.
Users can receive Trading Costs and Yield Farming bonuses from the underlying Decentralized Exchange (DEX) by farming TUSD teams.
Investing in leveraged farm single-asset pools would result in increased improved Yield Farming incentives from the underlying pool. Users receive ALPACA benefits when the leveraged yield farm doubles.
About TrueUSD (TUSD)
TrueUSD, also known as stablecoin, is a cryptocurrency pegged to the US Dollar (USD). It is the first independently ascertained crypto-asset linked to the USD with no transaction payments attached.
Indeed, all chains accept stablecoin, which uses escrow reserves, banks, and third parties to reduce risks and ensure transaction transparency.
Alpaca Finance is the most well-known lending protocol on the BSC that permits leveraged yield farming. The protocol allows lenders to assure long-term yields while providing borrowers with undercollateralized loans for leveraged yield farming positions.