Why Borrow/Leverage on Beracana
Borrowing on Beracana is a way to amplify your yield farming strategy. By borrowing up to 5x the value of your original deposit, users can significantly increase their funds without needing to deposit large amounts of capital.
Key Advantages of Borrowing on Beracana:
Leverage Farming: Beracana allows users to amplify their BGT farming by borrowing assets through BEND and deploying them into BGT farming strategies. This allows for up to 5x leverage, meaning users can farm BGT with much higher yields than they would through direct deposits. The rewards are auto-compounding to allow users to experience the magic of compound interest.
Multi-Protocol Strategy: The borrowed assets can be used across multiple dApps like Beradrome, Infrared Finance, and Kodiak, allowing for a diversified farming approach. This strategy increases the chances of earning more BGT and other protocol-specific rewards.
Increased Efficiency: Borrowing through Beracana means users can do more with less. By leveraging their original deposit, they can participate in liquidity farming on a scale that wouldn't be possible with your actual capital.
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