Alpaca Finance Chart
What is Alpaca Finance (ALPACA) ?
ALPACA tokens are long-term deflationary of Alpaca Finance. Alpaca Finance is the first lending protocol on Binance Smart Chain to provide leveraged yield farming. It assists lenders in earning secure and consistent yields, and it provides borrowers with undercollateralized loans for leveraged yield farming positions, substantially increasing their farming principals and profits. ALPACA coin price and value trading is now getting noticed among investors, below are the detailed information.
Fun fact. Alpacas are also a good-natured breed. As a result, it is a fair-launch project with no pre-sale, investor, or pre-mine. As a result, this has always been a product created by the people, for the people and resulted in the upward trend since first launched for ALPACA coin price. Follow their official Twitter account for any updates in the upcoming future!
ALPACA Coin Price
The only way to earn ALPACA tokens is to get them as rewards. Limitation has been imposed to prevent token holders from being diluted. Each month, no more than 200,000 tokens (2.5 percent of the 8 million) can be withdrawn, with the sole exception being previous permission from a community vote. ALPACA coin price and value is $0.43742 as of 21 July 2021. Alpaca token price today can be seen on ARKEN.
Alpaca coin address (BSC): 0x8f0528ce5ef7b51152a59745befdd91d97091d2f
Alpaca Finance was established, with the goal of providing value to the BSC community through leveraged yield farming. Yield farming on Ethereum, pioneered by Compound during the DeFi Summer, has become a popular technique for companies to boost their liquidity and gain new users. However, the escalating expenses of the process have grown increasingly unaffordable for the majority of individuals in recent years. In reality, Ethereum has turned into a whale game since the gas prices are simply too high for the general people.
As a result, Binance Smart Chain (BSC) has seen an exponential increase in popularity, and in this developing ecosystem, we found a gap in the applications available there when compared to other chains such as Ethereum. One of the most significant gaps was the lack of an on-chain leverage protocol.
As a user, you have three options for participating in Alpaca Finance.
Alpaca Finance is a lender: It allows you to earn money on your basic assets by putting them in our vaults. These assets will subsequently be made available to yield farmers in order to leverage their positions, at their own chosen ALPACA price list.
Farmer yield: As a farmer, you may increase your yield by creating a leveraged position on Alpaca Finance. Of course, this comes with more risks: liquidation, temporary loss, and so forth.
Liquidator: A person who monitors the pool for underwater situations and liquidates them when they become too dangerous. (Only bots)
It will support two base assets at launch — BNB and BUSD — and will combine our leveraged farming with PancakeSwap.
ALPACA Tokenomics and Token Distributions:
Alpaca Finance is a fair launch project that does not require a presale, an investor, or a pre-mine. The contracts are now active, and you may begin depositing funds into our vaults immediately. ALPACA tokenomics is published on the website for any interested investors and developers.
Sequence of Launch
ALPACA services are introduced in order to provide the best possible experience for all users.
Phase 1: Deposit vaults and the ALPACA-BNB liquidity pool PancakeSwap Users can begin storing their assets in our vaults. They have seeded PancakeSwap ALPACA-BNB so that users can start obtaining ALPACA right immediately — keep in mind that developers have burnt the LP tokens, thus the team cannot pull them out. This phase is intended to ensure a sufficient number of assets for borrowing and liquidity for ALPACA trading in the following phase.
Phase 2: Farming with Leveraged Yields When adequate money is available and audits have been completed, leveraged yield farming will be activated, completing our service loop. Before beginning Phase 2, it issued a separate notification to the community.
What is the purpose of the Alpaca token?
Governance: Developers plan to introduce a governance vault shortly, enabling community members to stake their Alpaca tokens; stakers will get xALPACA, with 1 xALPACA equaling 1 vote, letting them vote on critical governance issues.
Capture Economic Benefits of the Platform: ALPACA will allow the community to determine how the economic benefits of the platform should be captured by the Alpaca token; for example, it may be similar to Sushiswap, where x percent of fees produced go to conduct token buyback and burn. In reality, when leveraged yield farming is launched, numerous processes will already be in place, making ALPACA deflationary in nature.
Acquire Value Through Deflation: ALPACA Deflationary Mechanisms Every time our liquidation bot liquidates a leveraged position, it is paid 5% of the position's value. The fees will be used entirely towards Alpaca token buybacks and burns. When a borrower takes out a token loan to engage in leveraged farming, they pay a charge to the lender in the form of interest. 10% of the interest will be used to pay the protocol fee, with the other half (5%) utilized for Alpaca token buybacks and burns.
Alpaca tokens will be a critical component of future projects that provide protocol functionality. We are specifically developing an NFT integration that will require Alpaca tokens to participate and will provide benefits related to different elements of leveraged yield farming such as larger available leverage level, higher loan rates for lenders, cheaper lending rates for borrowers, and more.
Fair Launch Token Distribution: ALPACA will be distributed over a two-year period with a dwindling emission schedule. There will be 188 million ALPACA in total.
Development Support: 9% of the distributed tokens will be used to fund development and team expansion, and will be subject to the same two-year vesting period as the tokens from the Fair Launch Distribution.
Warchest: An allotment of 8 million tokens has been set up for future strategic costs. These include listing fees, audits, third-party services, partnership liquidity, and so on. Two hundred thousand of these tokens were utilized to seed PancakeSwap's ALPACA-wBNB pool.
Why Should You Buy Alpaca Finance?
Distribution of Reward
On February 28th, 2021, the coin began distributing prizes on block 5,280,000.
During the first phase of the launch, 60% of the funds were given to liquidity providers for the ALPACA-BNB pool on PancakeSwap.
Lenders who deposit BNB or BUSD into our vaults will get 40% of the benefits, which will be split evenly between the two pools.
Based on input from the community, we modified allocation in the first two days to: PancakeSwap has a 10% ALPACA-BNB pool, with 90% going to lenders.
During the Phase 2 launch, 38% of the funds were given to liquidity providers for the ALPACA-BNB pool on PancakeSwap.
Lenders that deposit BNB or BUSD into our vaults will get a 26 percent return, which will be split evenly between the two pools.
ALPACA incentives will be paid to users who have opened leveraged yield-farming positions — rewards will be computed depending on the loan amount; only leverage positions (i.e., > 1x) will get ALPACA benefits.
Earn your reward by trading and investing in ALPACA today, on ARKEN Finance.
Alpaca Finance Use Case
Below are some examples of ALPACA use cases:
Governance: Developers plan to introduce a governance vault shortly, enabling community members to stake their ALPACA tokens; stakers will get xALPACA, with 1 xALPACA equaling 1 vote, letting them vote on critical governance issues.
Capture Economic Benefits of the Platform: ALPACA will allow the community to determine how the economic benefits of the platform should be captured by the ALPACA token; for example, it may be similar to Sushiswap, where x percent of fees produced go to conduct token buyback and burn. In reality, when leveraged yield farming is launched, numerous processes will already be in place, making ALPACA deflationary in nature.
Acquire Value Through Deflation: ALPACA Deflationary Mechanisms Every time our liquidation bot liquidates a leveraged position, it is paid 5% of the position's value. The fees will be used entirely towards ALPACA token buybacks and burns. When a borrower takes out a token loan to engage in leveraged farming, they pay a charge to the lender in the form of interest. 10% of the interest will be used to pay the protocol fee, with the other half (5%) utilized for ALPACA token buybacks and burns.
- Hitoshi Harada
Historical Data for Alpaca Coin Price
|Nov 27, 2021||$0.71324||$0.73197||$0.68773||$0.68773||$4,619,063||$113,144,859|
|Nov 26, 2021||$0.69643||$0.72375||$0.69239||$0.71579||$12,513,581||$107,163,129|
|Nov 25, 2021||$0.74268||$0.74268||$0.68289||$0.69715||$6,702,742||$113,609,405|
|Nov 24, 2021||$0.72551||$0.74607||$0.71009||$0.74607||$6,077,543||$110,313,858|
|Nov 23, 2021||$0.75169||$0.75546||$0.72299||$0.72299||$5,462,800||$117,284,569|
|Nov 22, 2021||$0.74978||$0.75300||$0.73921||$0.75058||$8,419,124||$115,897,582|
|Nov 21, 2021||$0.79597||$0.79712||$0.73869||$0.75326||$9,641,126||$123,721,097|