Grazing Range Pool#3: Welcoming Boring DAO to the Herd

This post was originally published on Alpaca Finance

Dear Alpacas,

Our Grazing Range continues to grow more delicious and nutritious. Today, we senior Alpacas are excited to welcome our newest addition to the range — BoringDAO.

With this partnership, all you Alpacas will be able to open leveraged yield farming positions up to 2x on PancakeSwap’s BOR-BNB pair, which currently yields over 150% APR in CAKE Rewards! The pool will go live on May 12th, 2021 at 10 AM GMT.

As part of the Grazing Range program, you’ll also be able to stake ibALPACA for $202K USD in BOR rewards which will be distributed over 4 weeks.

Leveraged yield farmers in the BOR-BNB pool will also receive $25k USD in ALPACA rewards per week for every ~1 million TVL in the pool, on top of the leveraged yield farming rewards and trading fees.

🎁Grazing Range Reward Details

Total Rewards: 328.95 BOR (~ $202k USD)

biswap

BOR Token Address: 0x92d7756c60dcfd4c689290e8a9f4d263b3b32241

Rewards Period: 4+ weeks

Rewards Start Block: 7,350,000 (Approx. May 12th, 2021 10AM GMT)

Rewards End Block: 8,156,400 (Approx. June 10th, 2021 10 AM GMT)

Distribution Schedule:

Exclusive NFT Cards for Pool’s Stakers

To be eligible, you must stake ibALPACA in the BOR Grazing Range pool before May 13th, 10 AM GMT and stake for at least 30 days(or until the campaign period ends, whichever is shorter). The NFT tier you receive will be based on the amount of ibALPACA staked.

  • Green Tier: stake at least 500 ibALPACA
  • Silver Tier: stake at least 5,000 ibALPACA
  • Gold Tier: stake at least 50,000 ibALPACA

About Boring DAO

BoringDAO is a decentralized multichain bridge and Bitcoin Layer2 solution, which addresses the problem of a lack of access of non-ERC-20 tokens to DeFi on Ethereum, BSC, and other related chains. The project offers a unique and open solution for this through wrapped tokens, enhancing the utilization of Bitcoin and other crypto assets. $BOR is the native utility and governance token of BoringDAO, which has a driven community aiming to build BitcoinFi on multi-chain.

You can participate in BoringDAO’s ecosystem in the following ways:

Minter:

You can pay a certain commission fee to have your non-ERC-20 token(e.g. BTC) converted into a wrapped ERC-20 version(oBTC), which can be transferred cross-chain, and you’ll even receive BOR rewards for minting.

  • Transfer your BTC into oBTC with app.boringdao.com
  • Get your oBTC and BOR rewards

Tunnel operator:

Pledge BOR assets to set up a cross-chain tunnel, be responsible for the complete minting and redemption process, and obtain a part of the commission paid by users. Each tunnel has “operators,” and their mission is to help users complete minting/redeeming crypto assets in the tunnel.

  • Pledge your BOR tokens into an oBTC Tunnel at app.boringdao.com
  • Lift the Tunnel capacity
  • Receive your Pledge Provider (PP) Tokens in your address.

Farmer

Use your BoringDAO assets to farm in their pools for competitive APYs.

  • Put your oBTC into “Wild Wild West” for more $BOR rewards
  • Put your PP Token into “Manifest Destiny” for more $BOR rewards
  • Farm on other DeFi options→https://app.boringdao.com/farm/obtc

To learn more about Boring DAO, you can visit their official communication channels:

Website: https://www.boringdao.com/

Docs: https://docs.boringdao.com/

Twitter: https://twitter.com/TheBoringDAO

Telegram: https://t.me/boringDAO

Discord: https://discord.com/invite/zCQ2ddp

Medium: https://theboringdao.medium.com/


Grazing Range Pool#3: Welcoming Boring DAO to the Herd was originally published in Alpaca Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.

Leave a Comment