Kalmar launches its leveraged yield farming platform and upcoming airdrop
Kalmar, a decentralized bank running on Binance Smart Chain, has launched its first DeFi product – their leveraged yield farming platform. Users will be able to lend BNB (Binance Coin) and earn interest or borrow BNB from the bank to farm yield on leverage with up to three times their initial capital.
What is leveraged yield farming?
As the name suggests, the leveraged yield farming platform is a product that enables users to farm yield with leveraged positions. On Kalmar’s protocol, users have the options to be a lender or a borrower.
Users can become a lender by providing BNB to Kalmar’s bank feature. By providing their capital, lenders take a percentage of the returns from borrowers, therefore earning them interest over time.
On the other hand, users can become borrowers by simply borrowing assets from the bank to increase their yields from farming in other DeFi products (such as PancakeSwap farms). This amplification is the strength of what leveraged yield farming can provide to a user’s portfolio.
Want to join Kalmar’s airdrop? Here’s how!
The team has planned an airdrop to be distributed during the official launch of the KALM token. To be eligible for the airdrop, users will have to be an existing lender or borrower of the leveraged yield farming product.
For lenders – there’s no minimum amount of BNB that they are required to deposit in order to participate in the airdrop. However, lenders are required to have at least used a minimum leverage of x1.5 to be eligible for the airdrop. Multiple snapshots are still taken daily.
To find out more details about the yield farming product, the airdrop and upcoming products – do make sure to check out Kalmar’s official sites.
Website: https://kalmar.io/
Twitter: https://twitter.com/kalmar_io
Documentation: https://docs.kalmar.io/
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
