Alpaca Finance ALPACA
Report IssueAlpaca Finance is the largest lending protocol enabling leveraged profits on the Binance Smart Chain. It helps lenders earn secure and stable returns and offers borrowers undercollateralized loans for leveraged income farming operations, significantly increasing their farming fundamentals and resulting profits.
Details
$0.22
-27.07%
#646
DeFi
ByBit 
Binance 
Gate 
Score
Sentiment
Bullish 
Fundraising Statistics
ALPACAAlpaca Finance
USDCUSD Coin
BSC
Short Review Alpaca Finance
Crypto project Alpaca Finance (ALPACA) is classified as a DeFi. Alpaca Finance is a Utility token that is hosted on the Ethereum Network. The current total supply is 152.78 M ALPACA (Circulating Supply + Tokens yet to be released - Burned Tokens).
(ALPACA)
ALPACA Price Chart
The launch of ALPACA token trading took place on 3 March 2021.
Total amount of funds raised by the Alpaca Finance project is $1.25 M.
Alpaca Finance Investors
Alpaca Finance (ALPACA) Cryptocurrency
Alpaca Finance is a lending protocol that allows users to earn a stable income using income farming on Fantom and BNB Chain. Alpaca Finance is part of the DeFi ecosystem, increasing liquidity within DeFi parts and connecting borrowers and lenders.
ALPACA is the main native token of the platform. It is used for payments, farming rewards, governance, affiliate rewards, special access to NFTs, etc. In fact, the ALPACA token acts as the main tool in the Alpaca ecosystem.
Alpaca Finance provides an expanded and clear roadmap that adds extra points to the project for reputation and reliability. The roadmap and the steps that have already been implemented show the dedication of the team behind the project, and give reason to hope that the project will grow and develop in the future.
History of the Alpaca Finance project
The project was launched in March 2021. The team did not conduct a pre-sale, pre-mine and did not have investors. This means that the project belongs entirely to its users.
ALPACA Benefits
- The first leveraged pharming protocol on the BSC (BNB chain). Alpaca Finance is the first pharming protocol on the BSC.
- Users have several ways to earn income. As a lender: interest paid by the borrower, incentive rewards in ALPACA tokens and other partner tokens. For borrower users: incentives for using ALPACA tokens and transaction fees.
- Simple staking. ALPACA is automatically hosted on the platform the user chooses.
Disadvantages of ALPACA
- High risks. Leveraged farming is still considered a high-risk area in the crypto industry, so there are still many people who are not ready to participate.
