ibBNB
This page is deprecated, but contains information about ibBNB.

Ticker : ibBNB

Each SnowBank Vault will earn a portion of its yield in ibBNB, or interest-bearing BNB token that represents your share of the supplied BNB in the lending pool on Alpha Homora (BSC).
ibBNB automatically accrues interest as long as you hold it. This is because the underlying BNB asset is being lent out to leveraged yield farmers on Alpha Homora, in which those borrowers pay interest to you.
Users of the SnowBank Vaults can exchange their ibBNB to the underlying asset BNB at anytime.
To exchange ibBNB:
  1. 2.
    Connect your wallet on the top right
  2. 3.
    Click "Earn on BNB" tab
  3. 4.
    Navigate to "Deposit BNB "section
  4. 5.
    Click the drop-down on the BNB symbol and select ibBNB
  5. 6.
    Enter the amount of ibBNB to withdraw. ibBNB will be redeemed back to BNB with the accumulated accrued interest. You will receive BNB and the accrued interest back.
  6. 7.
    Press "Convert" and confirm your transaction.
Converting ibBNB to BNB
Last modified 6mo ago
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