Gearbox Protocol

Apricot Lend provides standard lending and borrowing services: users deposit assets to earn interests, and use their deposited assets as collateral to borrow other assets. Apricot X-Farm provides cross-margin leveraged yield farming service for users to maximize yield from their existing holdings. Let's take USDT-USDC LP farming for example. In other leveraged yield farming protocols, users would need to own some amount of USDT and USDC before they can start farming the stablecoin pair. If they do not have USDT and USDC sitting in their wallet, they would have to swap other tokens into these stablecoins first. On Apricot X-Farm, users do not need to own any amount of USDT or USDC to start farming. Instead, they can collateralize their non-stablecoin assets to borrow the stablecoins with up to 3x leverage, and start farming USDT-USDC LP right away. These stablecoins will then be auto-pooled and staked for LP tokens, resulting in 3x farming yield.

Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.‌ As an enabler for the entire DeFi ecosystem, Alpaca amplifies the liquidity layer of integrated exchanges, improving their capital efficiency by connecting LP borrowers and lenders. It's through this empowering function that Alpaca has become a fundamental building block within DeFi, helping bring the power of finance to each and every person's fingertips, and every alpaca's paw. Furthermore, alpacas are a virtuous breed. That’s why, we are a fair-launch project with no pre-sale, no investor, and no pre-mine. So from the beginning, this has always been a product built by the people, for the people.