Earn on C.R.E.A.M. + ibBNB

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.

How would this work for users who have already lent assets on C.R.E.A.M.?

  1. First, connect wallet on Alpha Homora and click on “Earn on C.R.E.A.M. + ibBNB” tab.

2. Click on “Start earning on C.R.E.A.M. + ibBNB” button.

3. Since you have already lent assets on C.R.E.A.M. you should see non-zero Collateral Value on the pop-up modal. In this case, you can either click Next OR you can lend more of any of the supported assets, which will be lent on C.R.E.A.M.

4. For the 2nd step of this pop-up modal, you will be prompted to enable the deposit asset as collateral. If the asset is already enabled, you can click Next. Otherwise, you can click Enable then click Next.

5. For the 3rd step on this pop-up modal, you can choose how many BNB you want to borrow from C.R.E.A.M. Note that by borrowing BNB from C.R.E.A.M., you are paying the borrow APY on C.R.E.A.M.

Since the deposit APY on BNB on Alpha Homora is higher than the borrow APY on BNB on C.R.E.A.M., users will already earn from this difference in addition to the deposit APY of other assets that you lend on C.R.E.A.M.

6. For the 4th and last step on this pop-up modal, you need to confirm the transaction to lend BNB on Alpha Homora. The total number of BNB that you can lend includes those you already have in your wallet AND BNB you borrow from C.R.E.A.M. By lending BNB on Alpha Homora, you will be earning lending interest.

How would this work for users who have not lent assets on C.R.E.A.M.?

  1. First, connect wallet on Alpha Homora and click on “Earn on C.R.E.A.M. + ibBNB” tab.

2. Click on “Start earning on C.R.E.A.M. + ibBNB” button.

3. Enter which asset and how many you want to lend on C.R.E.A.M. The percentage next to each asset (e.g. BUSD) is the Deposit APY for lending that asset on C.R.E.A.M.

4. For the 2nd step of this pop-up modal, you will be prompted to enable the deposit asset as collateral. Click Enable then click Next.

5. For the 3rd step on this pop-up modal, you can choose how many BNB you want to borrow from C.R.E.A.M. Note that by borrowing BNB from C.R.E.A.M., you are paying the borrow APY on C.R.E.A.M.

Since the deposit APY on BNB on Alpha Homora is higher than the borrow APY on BNB on C.R.E.A.M., users will already earn from this difference in addition to the deposit APY of other assets that you lend on C.R.E.A.M.

6. For the 4th and last step on this pop-up modal, you need to confirm the transaction to lend BNB on Alpha Homora. The total number of BNB that you can lend includes those you already have in your wallet AND the BNB you borrow from C.R.E.A.M. By lending BNB on Alpha Homora, you will be earning lending interest.