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 complement 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 concurrently from two different sources on BSC.
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.
This means your net profits will simultaneously 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 an ecosystem of DeFi products that will interoperate to maximize returns while minimizing downside risks for users. Each Alpha product focuses on capturing unaddressed demand in DeFi in an innovative and user friendly way.
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