Beracana
  • Overview
    • About Beracana
    • Why Lend on Beracana
    • Why Borrow/Leverage on Beracana
    • CANA Token
    • How Beracana Works
      • Lending/Supplying
      • Borrowing/Leveraging
      • Strategy
      • Health Factor
      • Liquidation
  • Guide
    • Getting Started
    • Lending/Deposit Assets to Receive canaHONEY
    • Withdrawing Lent Assets
    • Opening a Position
    • Closing a Position
    • View Your Position
    • Rewards
    • Interest Rate Model / Utilization
    • Add/Remove Extra Collateral
    • Liquidated Positions
  • FAQs
    • Frequently Asked Questions
  • Double Chance Lotteries
    • Introduction
    • Overview
      • Primary Lottery Mechanics
      • Second Chance Lottery Mechanics
    • Security and Decentralization
    • Conclusion
  • Contract Addresses
    • Addresses
  • Tokenomics
    • Introduction
  • Twitter
  • Discord
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  1. Overview

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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Last updated 2 months ago