Vault Listing to Deliver Increased Yields & Rewards for Community
As DeFi continues to grow, public blockchain infrastructures such as Orbs are experiencing increased interest from some of the most prominent players within the cryptocurrency universe, especially staking. The Orbs team has been working round the clock on integrating their solution with significant tools and platforms, including AWS, MS Azure, Google Cloud, FTX, KuCoin, Metamask, Enjin Wallet, and several others.
Following the success of Orbs on Binance Smart Chain (BSC) and PancakeSwap, the team has announced that Orbs will soon be added to the Alpaca Finance Vault, enabling users who hold ORBS tokens to maximize their earnings by using Alpaca’s leveraged farming and Grazing Range features.
An advanced lending protocol that allows leveraged yield farming on the Binance Smart Chain, Alpaca Finance assists lenders with earning stable yields and offering borrowers undercollateralized loans. The platform offers several farming pools to choose amongst, depending on the user’s risk tolerance and return objectives. Scheduled to go live on July 13th, 2021, at 10:00 AM GMT, the upcoming campaign with Orbs will allow Alpaca users to open leveraged positions of up to 2x on PancakeSwap’s ORBS-BUSD pair.
The ORBS-BUSD pair is one of the most successful pools, yielding an average return of 120% APR in CAKE tokens. The campaign will also allow leveraged position holders to claim bonus ibALPACA tokens, on top of the rewards from yield farming and PancakeSwap’s trading fees.
Rewards to Accompany Leveraged Farming
Users who earn ibALPACA tokens from the leveraged yield farming campaign can use them in the Grazing Grounds, a place where users are free to stake their holdings in their preferred pools, to earn additional rewards in the form of ORBS tokens. These rewards will be distributed over four weeks, starting from July 13th until the campaign concludes on August 10th, 2021.
The Orbs ecosystem combines scalability, virtual chain isolation, and low fees with the Ethereum ecosystem to provide developers the best of both chains while ensuring unparalleled security and liquidity. Ever since ORBS joined PancakeSwap in April 2021 and PancakeSwap launched the Orbs Syrup Pool, the project has cemented itself as the most liquid pool on any decentralized exchange (DEX) and automated market maker (AMM).
Following the unprecedented growth, Beef Finance has also added ORBS to its vaults. With a capitalization of over $160 million alongside a circulating supply of 2,229,950,518 tokens, the Orbs ecosystem is currently witnessing a considerable rise in on-chain activity on the Binance Smart Chain, further solidifying its growing dominance within the DeFi ecosystem.