Alpaca Finance Integrates LI.FI’s Widget
TL;DR — Alpaca Finance has integrated LI.FI’s widget to allow users from various chains to bridge into their platform.
LI.FI is excited to announce that Alpaca Finance, a secure lending protocol that allows leveraged yield farming, has integrated our Widget! Alpaca users can now move their assets from seven new chains and Layer-2s like, Arbitrum and Optimism onto BNB or Fantom without leaving the dApp.
What is Alpaca?
Launched in 2021, Alpaca Finance is a lending protocol with over $386 Million in TVL, making it the third largest dApp on BNB chain. It allows users to generate income by leveraging yield farming, with support on both the BNB and Fantom networks. Lenders are able to earn safe and stable yields and offer borrowers undercollateralized loans for leveraged yield farming positions.
Alpaca is one of the most secure platforms in the space with over 20 security audits from firms like Certik and Peckshield, here are some features that Alpaca offers:
- Lending — Earn returns on your assets by depositing them into Alpaca’s lending vaults.
- Yield farming — Up to 6x leverage on certain pools for users to multiply their yields.
- Automated Vaults — These are vaults that run complex strategies similar to an on-chain hedge fund. They currently have two strategies for Automated Vaults, which are the Market-Neutral Strategy and the Savings Strategy.
- Staking — Users can leverage the Governance vault to improve their staking rewards and use the in-app calculator to see potential profits and when lockup periods expire.
- User protection — Alpaca has an insurance plan in place to protect users from smart contract risks and infrastructure problems like exploits and oracle failures. Additionally, Alpaca has partnered with Nexus Mutual and InsurAce to give users the option to purchase insurance against loss of funds.
What is LI.FI?
LI.FI is the most advanced bridge aggregation protocol on the market. We support any-2-any swaps by aggregating bridges and connecting them to DEXes and DEX aggregators. LI.FI has added support for 11 bridges across 15+ EVM-compatible chains, it is available as an SDK, widget, or API.
In the simplest terms, LI.FI is like 1inch & Paraswap for bridges. We choose the best bridge to move funds from one chain to another. Furthermore, since many bridges support a limited amount of tokens, we have DEXs on both sides of the bridges to swap before and after the bridge, facilitating any-2-any swaps across chains.
Our SDK is the ultimate cross-chain money lego for dApps to build on top of or plug into themselves.
- We’ve integrated multiple fallback bridges + DEXs so that you don’t have to
- We maintain bridges + DEXs so that you don’t have to
- We choose the best bridges based on our research so that you don’t have to (positioning ourselves neutral)
For some examples of how LI.FI works, check out:
- Alchemix — SDK integration
- DeFi Saver — SDK integration
- Superfluid — SDK integration
LI.FI x Alpaca 🦎 + 🦙 = 🤝
The alpacas and lizards have teamed up! We are excited that Alpaca has integrated LI.FI’s widget to power seamless cross-chain bridging inside the dApp.
By integrating our widget, users can now bridge assets into BNB or Fantom from seven different chains without leaving the dApp. Additionally, Alpaca is adding support for five new bridges including, Connext, Multichain, Stargate, Hyphen, and cBridge.
Creating a seamless cross-chain user experience is key to our ethos at LI.FI and we are thrilled to see Alpaca join the LI.FI family! We are excited to see who will integrate our widget next.
To learn more about Alpaca, check out their…
Get Started With LI.FI Today
For more information about the LI.FI protocol,
- Head to our link portal at link3.to/lifi
- Read our SDK ‘quick start’ at docs.li.fi
- Join the official Discord server
- Follow our Telegram Newsletter
- Follow us on Twitter & LinkedIn
- Subscribe on our Substack
or try our any-2-any swaps NOW at transferto.xyz
Disclaimer: This article is only meant for informational purposes. The projects mentioned in the article are our partners, but we encourage you to do your due diligence before using or buying tokens of any protocol mentioned. This is not financial advice.
