Earn on C.R.E.A.M. + ibBNB
We’re excited to announce that Alpha Finance Lab just launched our “Earn on C.R.E.A.M. + ibBNB'' feature on Alpha Homora V1 on Binance Smart Chain (BSC)!
To compliment our Earn on Compound + ibETH and Earn on Aave + ibETH on Alpha Homora V1 on Ethereum, Alpha and C.R.E.A.M. want to give our communities additional opportunities to earn yield on BSC. We want to highlight this feature because users can concurrently earn yield from two different sources.
Earn on C.R.E.A.M. + ibBNB is an integration between C.R.E.A.M. and Alpha Homora (the first leveraged yield farming/liquidity providing product in DeFi and product by Alpha Finance Lab). Through the frontend of Alpha Homora V1 on BSC, users are now able to lend assets on C.R.E.A.M., have those assets be used as collateral, borrow BNB from C.R.E.A.M., and lend BNB borrowed on Alpha Homora V1 on BSC. Upon lending BNB on Alpha Homora V1 BSC, users will get ibBNB in return - the interest bearing BNB token.
This means your net profits will simaltaneously accumulate from two sources, while you’re only paying the borrow APY of BNB on C.R.E.A.M. Your net gain will factor in the below:
- + deposit APY of assets lent on C.R.E.A.M.
- + deposit APY of BNB on Alpha Homora V1 on BSC
- - borrow APY of BNB on C.R.E.A.M.
Please refer to our detailed step-by-step guide on how to earn on C.R.E.A.M. + ibBNB on Alpha Homora V1 BSC.
About Alpha Finance Lab
Alpha Finance Lab is a DeFi Lab and on a mission to build an ecosystem of DeFi products (the Alpha ecosystem), consisting of innovative building blocks that capture unaddressed demand in key pillars of the financial system. These building blocks will interoperate, creating the Alpha ecosystem that will be an innovative and more capital efficient way to banking in DeFi.
Alpha Homora is Alpha Finance Lab’s first product and DeFi’s first leveraged yield farming product that captures the market gap in lending, one of the key pillars of the financial system.
Join our Telegram/Discord for the latest updates, follow us on Twitter, or read more about us on our Blog and Document!