What is Alpaca Finance? Alpaca Finance is a Leveraged Yield Farming project built on the BNB Chain and Fantom ecosystems to help users optimize profits through the use of the platform.
So what is special about Alpaca Finance compared to other projects? Let’s explore below.
What is Alpaca Finance?
Define
Alpaca Finance is a Leverage Yield Farming platform developed on the ecosystem of BNB Chain and Fantom.
What is Leverage Yield Farming?
Normally activities such as staking, farming (providing liquidity), posting collateral to Lending Protocols,… are considered Yield Farming activities in DeFi. However, users’ needs will not stop at using their assets to participate in farming, but will also have additional needs to use leverage.
And Alpaca Finance was born to solve the pressing needs of users.
Alpaca Finance’s Operating Mechanism
First, we must mention some of the outstanding products being provided by Alpaca Finance to users including:
- Lending: Users can deposit idle assets into Alpaca Finance’s pool to earn more profits in a sustainable and safe way. In addition, Alpaca Finance will not collect deposits or withdrawals and will not lock users’ liquidity.
- Leverage Yield Farming: This is the core – product of Alpaca Finance. Users will borrow money from the platform from which when participating in farming they will get more profits. In particular, users can borrow more than collateral for farming through Alpaca Finance.
- Automated Vaults: This is a newly launched product of Alpaca Finance that will include 2 vauls and 2 different strategies.
- Market – Neutral Strategy: Using the Delta Neutral strategy, Alpaca Finance promises to bring users a high APR with low risk.
- Saving Strategy: With their own strategy, users can lend or stake assets such as BTC, ETH, BNB,… with an APR higher than the general market level.
- AUSD: This is a similar product to Abracadabra where Alpaca Finance accepts assets (ibToken) as collateral to mint stablecoin AUSD. In addition to ibtokens, Alpaca also accepts many other tokens as collateral.
Each product will work and interact with users in different ways. But overall, in terms of user interaction with the platform, it is very easy, convenient and fast.
Development Roadmap
Alpaca Finance currently only has a development roadmap until the end of Q4/2022 but does not have a development roadmap in 2023. Some notable upgrades and new products of Alpaca Finance in the near future include:
- New products: Alpaca Gaming and Alpaca Perpetual.
- Upgrade: Launching more types of collateral assets, especially ibToken assets to mint AUSD.
Core Team
Update….
Tokenomics
Information about Lido Finance’s tokens
- Token name: Alpaca Finance
- Code: ALPACA
- Blockchain: BNB Chain
- Token classification: BEP 20
- Contract: 0x8F0528cE5eF7B51152A59745bEfDD91D97091d2F
- Total supply: 188,000,000 ALPACA
Token Allocation
- Fair Launch: 87% will be distributed to protocol users (There is also a maximum team distribution of 9%).
- Development Fund: 8.7% used as project development fund.
- Warchest: 4.3% is used for future strategic costs including: Listing costs, auditing, 3rd party services, project liquidity…
Token Release
Token Use Case
- Gorvernance: Users can lock ALPACA into the pool to receive project revenue shares and vote on project development proposals.
- Earn: Alpaca Finance has exclusive partners and earning programs for ALPACA key users.
- Private Automated Vault: As xALPACA holders, users have access to private vaults with higher leverage.
- Experience NFTs sooner as Alpaca Finance integrates NFTs.
Exchanges
Currently ALPACA is traded on many exchanges such as Binance, Gate.io, KuCoin, CoinEx, MEXC, PancakeSwap,…
Alpaca Finance Project Information Channel
- Website: https://www.alpacafinance.org/
- Twitter: https://twitter.com/AlpacaFinance
- Discord: https://discord.gg/2UvgmqcVDQ
- Medium:
Summary
Alpaca Finance is a famous Fair Launch project in the Defi segment that the BNB Chain community is no longer unfamiliar with. However, recently the project has expanded to include Fantom Blockchain and has also launched many products such as stablecoin AUSD, Automated Vault,…
Showing that Alpaca Finance’s ambition not only stops at being a pure Defi project on BNB Chain but will also expand to many other Blockchains in the future.
Let’s look forward to the next updates from Team Alpaca Finance!