In this article, learn all about Ternoa’s partnership with Alpaca Finance, providing a staking rewards pool and a possible upcoming farming opportunity.
We are pleased to introduce a new $CAPS rewards-earning possibility on Alpaca Finance, which will provide new opportunities to members of our community that enjoy using the Binance Smart Chain.
A new $CAPS rewards opportunity
Starting today, individuals can stake ibALPACA in exchange for $CAPS rewards, which will be disbursed over the course of four weeks in the Grazing Range. The pool rewards total to $120k in $CAPS, and officially opened on November 23rd, 2021 at 10:00 a.m. GMT.
Start staking and earning today by visiting Alpaca’s site here.
Please see below the CAPS rewards distribution:
Participants in the staking will also be awarded with exclusive NFT cards! These are limited edition and will be given out in 3 different levels.
Please visit Alpaca Finance’s article for more details on how to win one of these special NFTs.
What is Alpaca Finance?
Alpaca Finance would be the biggest lending mechanism on the Binance Smart Chain so far, enabling for leveraged yield farming to be practiced at scale. It allows lenders to earn secure and steady yields while also providing borrowers with undercollateralized loans for leveraged yield farming positions, permitting them to significantly increase their farming equity and profits.
The Alpaca platform serves as an accelerator for the whole DeFi ecosystem, amplifying the liquidity layer of integrated exchanges and boosting their economic productivity by integrating long-term borrower and lender (LP) relationships. It is because of this enabling role that Alpaca has established itself as a crucial building piece inside DeFi, assisting in bringing the power of money to the hands of each and every individual.
Ternoa’s $CAPS History
In Ternoa’s ecosystem, this token serves a multitude of purposes, including capsule production, financing of the capsule’s decentralized storage over time, and encryption. The Ternoa network uses the Nominated-Proof-Of-Stake (NPos) consensus, which is maintained by validators and nominators. To compensate for the latter, CAPS tokens are utilized.
The coin was listed on Gate.io and Uniswap on May 28th, at a price of $0.014 per token. Since then, Just Mining, PancakeSwap, ApeSwap, Beefy, AscendEX, Raydium, Zapper, and today Alpaca have now listed the token. More great listings and rewards opportunities will come in the near future!
Want to stay up to date on Ternoa’s $CAPS token? Be sure to follow Ternoa’s Twitter and Telegram channels for the most recent news!
Earn $CAPS Rewards on Alpaca Finance was originally published in Ternoa on Medium, where people are continuing the conversation by highlighting and responding to this story.
