Alpaca Finance ($ALPACA) https://www.alpacafinance.org will participate in the DODO Raptor Program and launch the $ALPACA trade mining and vDODO mining campaign for 14 days.
During the campaign period, DODO users who trade $ALPACA tokens on the DODO Binance Smart Chain (BSC) platform are eligible for trading mining rewards. vDODO token holders can earn ALPACA tokens as rewards through the vDODO mining program.
The campaign details are as follows:
Campaign Start BSC Block Number: 7480148 (approximately May 17, 2021 at 2:00PM UTC+8 (Singapore Time))
Campaign End BSC Block Number: 7875073 (approximately May 31, 2021 at 2:00PM UTC+8 (Singapore Time))
During the event period, DODO users who trade $ALPACA tokens on the DODO Binance Smart Chain (BSC) platform are eligible for trading mining rewards.
For each wallet address, its trading volume of $ALPACA (calculated by the number of $ALPACA tokens bought + the number of $ALPACA tokens sold) will be calculated and displayed in a public Google Docs document (link:https://docs.google.com/spreadsheets/d/1IT4AQHtdQjxMzvYSR8Mi40Y5OcglkQUPYuVH3KOmWfE/edit#gid=0). At the end of the event, collated and displayed in the Google Docs document will be the following stats for each participating address:
Total $ALPACA trading volume
vDODO weighting bonus (see the “How Rewards Are Calculated” section for details)
Weighted $ALPACA trading volume after the vDODO weighting bonus has been applied, and
Number of DODO rewards the address will receive
For DODO reward tokens, the final tally of each participating address’s total trading volume will take place on May 31, 2021, at 4:00 PM UTC+8 (Singapore Time) and the aforementioned document will be shared with the DODO community shortly after. The rewards will then be distributed on Binance Smart Chain (BSC) to participants before June 1, 2021. Please make sure you switch your wallet application/extension’s network to BSC in order to see the rewards.
During the event, vDODO holders can earn ALPACA tokens rewards through vDODO mining by simply staking their vDODO tokens. vDODO mining can be accessed here: https://app.dodoex.io/mining?network=bsc-mainnet
ALPACA Token Contact Address: 0x8f0528ce5ef7b51152a59745befdd91d97091d2f
Number of Reward Tokens
2,551 BEP-20 (BSC) DODO tokens.
vDODO holders will share a total of 5,320 BEP-20 (BSC) ALPACA tokens, split proportionally based on their number of vDODO tokens staked.
How Rewards Are Calculated
The DODO token rewards for participating wallet addresses are determined by 4 parameters:
(i) The total number of $ALPACA tokens traded by the address
(ii) The address’s vDODO weighting bonus: vDODO holders receive a weighting bonus when calculating trading volume. For the trading volume campaign, we will be taking a snapshot of all vDODO holder addresses on May 31, 2021, at 2:00 PM UTC+8 (Singapore Time).
Users who hold 10 to 99 vDODO tokens are given a 10% weighting bonus on their trading volumes.
Users who hold 100 to 999 vDODO tokens are given a 30% weighting bonus on their trading volumes.
Users who hold 1,000 vDODO tokens or more are given a 50% weighting bonus on their trading volumes.
(iii) Percentage of trading volume of each address after the vDODO weighting bonus: At the end of the event, the proportion of each address’s total trading volume after the (ii) vDODO trading volume weighing bonus has been applied to the total $ALPACA trading volume on the platform will be calculated.
(iv) The reward cap for a single wallet address: Each address can only get up to 200 BEP-20 DODO tokens in rewards.
About Alpaca Finance
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits. 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. This is a product built by the Alpacas, for the Alpacas.
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