Price Data, Market Cap & News for Alpaca Finance ($ALPACA) Cryptocurrency

Price Market cap 24h Volume
Total supply Circulating Supply Fully Diluted Valuation
ATH % ATH ATH date
ATL % ATL ATL date

An Overview of Alpaca Finance

Receive a weekly digest about Alpaca Finance in your inbox

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Overview of Alpaca Finance

Introduction to Alpaca Finance

Alpaca Finance is a leading lending protocol that allows leveraged yield farming on the Binance Smart Chain. It's designed to help lenders earn stable yields, while offering borrowers undercollateralized loans for leveraged yield farming positions. This innovative approach significantly multiplies their farming principals and resulting profits. As a key enabler for the entire Decentralized Finance (DeFi) ecosystem, Alpaca Finance enhances the liquidity layer of integrated exchanges, improving their capital efficiency by connecting borrowers and lenders.

Token Supply

The native token of Alpaca Finance is ALPACA. It's used for governance, incentivizing users, and as a reward for lenders and borrowers. The total supply of ALPACA tokens is capped at 188 million. This limited supply is designed to maintain the token's value over time.

Where to Buy Alpaca Finance

ALPACA tokens can be purchased on several cryptocurrency exchanges, including Binance and PancakeSwap. These platforms offer a secure and straightforward way to buy, sell, and trade ALPACA tokens.

Common Uses of Alpaca Finance

Alpaca Finance is primarily used for leveraged yield farming, a process that allows users to earn returns on their cryptocurrency holdings. Besides, it's also used for lending and borrowing cryptocurrencies. The platform's native token, ALPACA, is used for governance, allowing token holders to vote on various protocol decisions.

Product Launches and Updates

Alpaca Finance has been busy with several product launches and updates. They successfully launched a Perpetual Futures Exchange, attracting over $12 million in trading volume in just three weeks. They also introduced Alpaca Finance 2.0, a significant upgrade to their lending and leveraged yield farming functionalities. Additionally, they launched their first Automated Vault V3, which integrates with Concentrated Liquidity (CL) DEXs like UniswapV3.

Partnerships and Collaborations

In recent Alpaca Finance news, the platform has welcomed new partners to its Grazing Range program. One of these partners is THENA, a decentralized exchange built on BNB Chain. By staking ALPACA in the governance vault, users can earn rewards in THE tokens.

Regulatory Developments

Regulatory developments have also been a part of the Alpaca Finance news today. The platform has been keeping a close eye on the evolving regulatory landscape, with the US Securities and Exchange Commission (SEC) seeking clear guidelines for regulating the cryptocurrency industry.

Financial Performance

Alpaca Finance's financial performance has been strong, with the platform burning a significant number of ALPACA tokens and achieving deflationary status for several weeks. In terms of Alpaca Finance price today, it's important to note that the platform's financial performance and product developments could have an impact, but many other factors also influence where to buy Alpaca Finance and its price.