We Senior Alpacas are very happy to announce a partnership between Alpaca Finance and Belt Finance. With this collaboration, you’ll all be able to open up to 2x leveraged yield farming positions on PancakeSwap’s BELT-BNB pair, which currently yields ~200 % APR in CAKE Rewards. The pool will go live on May 10th, 2021 at 10 AM GMT.
You’ll also be able to stake ibALPACA for ~$225k USD in BELT rewards which will be distributed over 4 weeks.
🎁Grazing Range Reward Details
Total Rewards: 2,830 BELT (~ $225k USD)
BELT Token Address: 0xe0e514c71282b6f4e823703a39374cf58dc3ea4f
Rewards Period: 4 weeks
Rewards Start Block: 7,300,000 (Approx. May 10th, 2021 at 10 AM GMT)
Rewards End Block: 8,106,400 (Approx. June 7th, 2021 at 10 AM GMT)
About Belt Finance
Belt Finance is an AMM protocol that incorporates multi-strategy yield optimizing on Binance Smart Chain (BSC) with low fees/slippage that also provides aggregation through vault auto-compounding and yield generation for maximum returns. By utilizing multiple strategies simultaneously, Belt.fi minimizes dependence on any one protocol at once while generating users the best possible yield rates in BSC DeFi. This also protects users from low-liquidity withdrawal issues.
Belt Finance multi-strategy yield optimizing also means that users do not actively need to move their assets around between protocols to find the best yield, as Belt Finance vaults do it for them. This guarantees the highest reliable yield possible. As Belt Finance grows to include more strategies and assets, this effect will continue to grow.
To learn more about Belt Finance, you can visit their official communication channels:
Grazing Range Pool#2: Welcoming Belt Finance to the Herd was originally published in Alpaca Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.