Multiplier Finance x Alpaca Finance Grazing Range Pool

Multiplier Finance is the first partner with a pool for bMXX in the Grazing Range. Users will be able to open up to a 2x leveraged yield farming position on PancakeSwap’s bMXX-BNB pair.

By
BSCNews
on
May 6, 2021
Category:
Sponsored

Introduction

Multiplier Finance has partnered with Alpaca Finance to form Alpaca’s first Grazing Range Pool and Multiplier’s first 2x leveraged yield farm on PancakeSwap’s bMXX-BNB pair. 

Multiplier Finance is the first lending protocol to offer flash loans and stable borrowing rates on Binance Smart Chain, and Alpaca Finance is the first and largest lending protocol allowing up to 6x leveraged yield farming on BSC with nearly 2 billion in TVL. 

Grazing Range

The Grazing Range is a magical place where Alpacas can graze on rare crops of their choice. It will make the Alpaca Featured Leveraged Pool Program more efficient, scalable and add value to the Alpaca ecosystem. On the Grazing Range page, users will be able to select which token rewards they wish to graze on and stake ibALPACA to receive those rewards.

The first Grazing Range with Multiplier is exclusive to ALPACA holders. By staking ibALPACA, holders will not only receive APY in Multiplier’s token, bMXX, but also APYs from lending ALPACA.


2x Leverage bMXX-BNB Farm

Multiplier Finance is the first partner with a pool for bMXX in the Grazing Range. Users will be able to open up to a 2x leveraged yield farming position on PancakeSwap’s bMXX-BNB pair, which at the moment (even without leverage) yields near 300% APR in CAKE rewards! 

The pool goes live on Friday, May 7th, 2021 at 6 pm SGT. 

First Crop on the Range

You can find the rewards details for BMXX below:

Total Rewards: 10,000 BMXX (~ $225k USD)

BMXX Token Address: 0x4131b87f74415190425ccd873048c708f8005823

Current Rewards Period: 4 weeks

Rewards Start Block: 7,215,000 (Approx. May 7th, 2021, 10 AM GMT)

Rewards End Block: 8,021,400 (Approx. June 4th, 2021, 10 AM GMT)

Distribution Schedule:

About Multiplier Finance

Multiplier Finance is an algorithmic money market system designed to bring secure and unique lending and borrowing opportunities, i.e. flash loans, onto the Binance Smart Chain. The protocol design is architected and forked based on Aave with revenue sharing components for liquidity providers and token holders that govern the protocol. BMXX, a BEP-20 token, is the governance token of Multiplier Finance.

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