Alpaca Finance
ALPACA
$0.13586781919002533
$20,502,670.78
Market capitalization(24h)
About $ALPACA Token:
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on Binance Smart Chain. It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.
As an enabler for the entire DeFi ecosystem, Alpaca amplifies the liquidity layer of integrated exchanges, improving their capital efficiency by connecting LP borrowers and lenders. It's through this empowering function that Alpaca has become a fundamental building block within DeFi, helping bring the power of finance to each and every person's fingertips, and every alpaca's paw... Furthermore, alpacas are a virtuous breed. That’s why, we are a fair-launch project with no pre-sale, no investor, and no pre-mine. So from the beginning, this has always been a product built by the people, for the people. Or as we like to say: by the alpacas, for the alpacas.
How to buy $ALPACA with a payment card
1. Enter the amount of $ALPACA and fiat currency that you wish to purchase.
2. Verify your phone and email.
3. Enter or create $ALPACA wallet
You are given the option to enter your $ALPACA wallet address or create one using the Swipelux widget.
4. Pass KYC flow
This verification process helps protect you from fraud and other malicious activities.
5. You're now ready to buy $ALPACA with a credit and debit card.
$ALPACA Analytics:
Market Position and Adoption: Alpaca Finance has established itself as a significant player in the decentralized finance (DeFi) space, offering the largest lending protocol that enables leveraged yield farming specifically on the Binance Smart Chain. The protocol has garnered widespread adoption within the DeFi community, serving as a platform where lenders can earn stable and secure yields while borrowers can access undercollateralized loans to engage in leveraged yield farming activities. This unique approach to yield farming positions Alpaca Finance as a key contributor to the broader DeFi ecosystem, enhancing the liquidity layer of integrated exchanges and providing increased capital efficiency by facilitating connections between liquidity provider borrowers and lenders. Through its innovative solutions, Alpaca Finance has positioned itself as a fundamental building block within DeFi, making the world of finance accessible to all participants.
Technology and Platform: Alpaca Finance's technology infrastructure stands as a testament to its commitment to innovation and value creation. Operating on the Binance Smart Chain, the platform empowers users with leveraged yield farming capabilities, allowing them to substantially amplify their farming principals and overall profits. By offering borrowers the opportunity to secure loans with less collateral, the platform opens doors for higher returns on yield farming activities. Alpaca Finance's technology facilitates the seamless interaction of liquidity provider borrowers and lenders, thereby improving the capital efficiency of integrated exchanges. This technology-driven approach enhances the overall ecosystem by creating a direct link between liquidity providers and those in need of liquidity, fostering a dynamic environment for yield generation and financial growth.
Team: Alpaca Finance boasts a team of dedicated professionals who have steered the project's growth and innovation. Comprising experts from various domains within the blockchain and finance sectors, the team has collectively driven the development of the platform's unique lending protocol and leveraged yield farming solutions. Their combined experience and expertise have contributed to Alpaca Finance's position as a leading player in the DeFi landscape. The team's commitment to building a fair and transparent project is evident in their fair-launch approach, characterized by the absence of pre-sales, investors, or pre-mining. This approach underscores the project's community-driven ethos, reflecting a product built by the people, for the people.
Competition: Within the competitive realm of DeFi, Alpaca Finance has managed to carve out a distinctive niche for itself. Its focus on leveraged yield farming and undercollateralized loans sets it apart from other projects in the space. While it faces competition from various DeFi platforms offering yield farming and lending services, Alpaca Finance's innovative approach and commitment to user empowerment through fair practices differentiate it. The project's ability to cater to both lenders seeking secure yields and borrowers aiming to maximize their farming potential has given it a competitive edge, positioning it as a notable player within the broader DeFi ecosystem.
Supply: The supply dynamics of Alpaca Finance's native token, ALPACA, play a crucial role in the project's overall ecosystem. With a circulating supply of 150,994,253 ALPACA tokens, accounting for approximately 80.32% of the total supply, the project aims to ensure a balanced distribution that aligns with its fair and community-driven principles. The total supply of ALPACA tokens stands at 150,994,253, with a maximum supply of 188,000,000 tokens. This carefully calibrated supply structure reflects the project's commitment to maintaining a sustainable and equitable token economy, where tokens are distributed fairly and in accordance with its fundamental values.
$ALPACA Risks:
1. Market Volatility: The value of the ALPACA token, like other cryptocurrencies, is subject to significant price volatility. Fluctuations in the token's price can lead to substantial gains or losses for investors and users, making it essential to be aware of the inherent risks associated with investing in a volatile market.
2. Regulatory Uncertainty: The regulatory landscape for cryptocurrencies and DeFi platforms is evolving and can impact the operational and trading environment for the ALPACA token. Changes in regulations, including legal restrictions, compliance requirements, and government actions, could affect the token's use, trading, and overall value.
3. Smart Contract Vulnerabilities: As a decentralized platform, Alpaca Finance relies on smart contracts to execute various functions. However, smart contracts are susceptible to bugs, vulnerabilities, and security breaches that could potentially result in the loss of funds or assets. Users must exercise caution and due diligence when interacting with smart contracts.
4. Platform Risk: Alpaca Finance's platform may experience technical glitches, downtime, or disruptions due to factors such as maintenance, cyberattacks, or unexpected events. Such incidents could lead to temporary loss of access, inconvenience for users, or even financial losses.
5. Liquidity Risks: The liquidity of the ALPACA token on various exchanges can impact trading and price stability. Low liquidity may lead to increased price volatility, making it difficult to execute trades at desired prices and potentially resulting in unfavorable outcomes for traders.
6. Market Sentiment: The perception of the ALPACA token and the broader DeFi market can be influenced by factors such as news, social media, and market sentiment. Negative sentiment or adverse publicity could lead to decreased demand for the token and subsequently affect its price.
7. Counterparty Risk: Users who lend or borrow assets on the Alpaca Finance platform are exposed to counterparty risk. If borrowers default on their loans or lenders are unable to retrieve their funds, it could result in financial losses for those involved in lending or borrowing activities.
8. Economic Factors: Broader economic factors, both within the cryptocurrency space and the global financial markets, can impact the value and demand for the ALPACA token. Economic downturns, market trends, and changes in investor behavior can influence the token's performance.
9. Adoption and Competition: The success of Alpaca Finance relies on its adoption within the DeFi ecosystem. Competition from other DeFi projects and platforms offering similar services could impact Alpaca Finance's market share and user base, potentially affecting the token's value.
10. Regulatory Compliance: Alpaca Finance's operations and token use may be subject to regulatory scrutiny in various jurisdictions. Non-compliance with regulatory requirements could result in legal actions, fines, or restrictions, affecting the project's operations and the token's value Investors and users of the ALPACA token should thoroughly assess these and other risks before engaging with the token or the Alpaca Finance platform. It's important to conduct independent research, understand the project's features, and consider seeking advice from financial professionals when making investment decisions.