About Alpaca Finance
Alpaca Finance is a fair-launch protocol on the Binance Smart Chain platform, they integrate Yield Farming features like Autofarm’s, liquidity provision feature like Saffron Finance’s.
Alpaca is also considered the largest lending protocol on Binance Smart Chain. You can completely borrow for a safe and stable income, seek decentralized profit thanks to farming in the project.
ALPACA is a token representing the project, the only way to own them is to participate in the project & the ALPACA reward will be given to you. In the near future, they also intend to expand the capabilities of the ALPACA token, not only as a native token but also used to stake in Governance vaults for voting.
Ways to join on Alpaca Finance
You can participate in Alpaca in 3 ways:
- Lender (lender): You can lend your property on Alpaca and collect passive profits from the borrowers. In other words, the interest from that loan will be sent to you stable and safe every day.
- Yield Farmer: We will become “a farming farmer” i.e. borrowers on Alpaca, with leverage and APR x 6 times after deducting debt.
- Liquidator: Has a role in monitoring loans that are about to be liquidated.
Instructions to participate in Stake on Alpaca Finance
When participating in staking, you can get a lot of profit, there are currently opportunities from staking in the project such as:
- Staking ibALPACA / ibBNB / ibBUSD / ibETH token.
- Staking Pancakeswap ALPACA-BNB token.
- Staking on Grazing Range.
Connect Alpaca with Techtipsnreview Wallet
If you do not have a Techtipsnreview Wallet, you can refer to how to create & use a detailed wallet here
First, go to the Alpaca website browser and select “Connect Wallet” Then the Techtipsnreview wallet will show up, click on “Connect” to connect.
Currently, Alpaca has been integrated on Techtipsnreview Wallet, you can access Alpaca directly on the wallet with just simple steps. Open wallet → Browser → click select Alpaca dApps
Deposit before staking
You need to have one of the tokens like ALPACA/ BNB/ BUSD/ ETH before participating in staking, if you have previously deposited you can pass this step.
First, you visit the page Alpaca Finance Lend.
Connect Metamask wallet & select the token pair you want to deposit, here the base pair is BNB and BUSD, then click “Deposit”.
Enter the amount you want to send & click “Confirm”.
Once confirmed, you will receive a notification from Metamask that it will take a few minutes for the transaction to complete. When you deposit BNB, you will receive ibBNB or ibBUSD if you send BUSD.
And you can join staking right after that.
Staking with tokens ibALPACA / ibBNB / ibBUSD / ibETH
Brothers visit the website Alpaca https://app.alpacafinance.org/stake
Then you choose the group ibToken staking pool then adjust the number of tokens according to need.
Click “Stake” to place a bet.
After clicking “Stake”Metamask will send a confirmation message (within minutes) for that transaction.
When finished, you will see the amount of ibToken you have staked & the ALPACA reward will be sent to you shortly.
Staking Pancakeswap token pair ALPACA-BNB LP
First, you need to have LP tokens that act as a liquidity provider for the ALPACA-BNB team & can use them to earn ALPACA tokens (brothers who already have LP tokens can skip this step).
To do this, please refer to the following steps:
Access to https://exchange.pancakeswap.finance
Click select “Add Liquidity” * “Unlock Wallet” (it will take about 30 seconds for the balance in the transaction to be uploaded to the system).
Enter the amount of BNB/ALPACA you want to add to the liquidity pool, then select “Supply”.
Information will be shown quickly in the table to confirm the selection “Confirm Supply”.
Metamask will send a notification that the transaction (within a few minutes) will be complete & you can stake with your LP token.
Staking LP tokens by visiting the website Alpaca stake.
Connect Metamask wallet & choose Pancakeswap ALPACA-wBNB LP in the staking pool.
Enter the amount of tokens you want to stake, click “Stake” (a message will appear for confirmation).
And the number of staked ibBNB/ib BUSD tokens shown in the last table is the ALPACA reward for brothers.
Note: To cancel your deposit, choose “unstake” for each transaction.
Instructions to receive rewards (Claim Rewards) on Alpaca Finance
After participating on Alpaca Finance for a while and you have accumulated quite a few rewards from the system.
- To receive rewards about brothers go to the website Alpaca Stake.
- Go to your staked pool, click “Claim” to receive & the ALPACA token will appear inside your wallet.
Note: The case when claiming but not receiving the token may be because this token may not have been added on the wallet, so please check carefully before claiming.
Brothers can “Add Tokens” quickly on Techtipsnreview Wallet as shown below:
Main interface of Techtipsnreview Extension wallet
Add tokens on Techtipsnreview Wallet
With specific addresses:
- ALPACA token: 0x8f0528ce5ef7b51152a59745befdd91d97091d2f
- Pancake ALPACA-BNB LP token: 0xf3ce6aac24980e6b657926dfc79502ae414d3083
- ibBNB token: 0xd7D0649393685A581d27824Fc46EdA46B7EfC0063
- ibBUSD token: 0x7C9e73d4C71dae564d41F78d56439bB4ba87592f
- sALPACA token: 0x6f695bd5ffd25149176629f8491a5099426ce7a7
Guide Yield Farming with Grazing Range on Alpaca Finance
In Alpaca Finance you can experience and collect rewards through Grazing Range as an ALPACA owner. Pools you can join here.
In order for you to understand how to participate, I will take the example of the first project, Multiplier Finance, specifically as follows:
First, we need to have the ALPACA token, if not, you can access it https://app.1inch.io/#/56/swap/BNB/ALPACA to buy them.
Then go to the page Lending page & depodit ALPACA on.
Click “Approve” & “Lend” amount of ALPACA (on demand) to receive ibALPACA.
Next, go to Grazing Range.
Similar to the two staking methods above, click on the arrow and select “Approve” for ibALPACA staking. After this step, the system will send you the bMXX reward.
Instructions to close “farming” (Yield Farm) on Alpaca Finance
To close your yield farming position, follow these steps:
Visit the website here.
Connect wallet & choose “Your Positions” click “Close Positions”. Tokens will be sent to your wallet shortly after.
Epilogue
The opportunity from Staking or Yield Farming is quite high for users, similar to opening a bank passbook and receiving profits in a stable and safe way.
Besides, for successful investment, you need to understand the risks about them, becoming a lender you have to face the loss of a part of your personal capital, the delayed repayment period is also a long time. one obstacle, so make sure this capital is “idle” when participating.
In addition, becoming a yield farmer can face the risks of price differences, transaction fees or if the price of a token decreases, it will also lose total assets. Therefore, we need to learn carefully about the project and the ecosystems built on them before investing, which will help reduce more risks.
Find out where, how,… invite you to refer to more On-chain analysis articles here.
Wishing you all a very happy working week.
#ALPACA #AlpacaFinance #ZeroToOne
Source: Instructions for making stable profits by Stake & Yield Farming on Alpaca Finance
– TechtipsnReview
