TVL > 100K
What is AlpacaFinance (ALPACA)?
The first thing worth noting regarding AlpacaFinance is that a protocol for high-yield farming on BSC and Fantom has undergone a fair launch. The success of this project is based on two facts. In the project's early days, yield farming was mostly realized on the Ethereum chain. This type of crypto income activity has become one of the top investment strategies. With high gas fees on the Ethereum network, ordinary investors without a whale wallet and a multi-coin portfolio have no way to make money. The leverage protocol from AlpacaFinance was the solution to resolve this situation. AlpacaFinance is the place where a lender and a borrower meet, where each gets his own profit. Users become lenders by depositing their coins at the platform, which is also a vault, and gain rewards. Others borrow funds and pay interest. These are yield farmers on AlpacaFinance. A key to profit is to borrow more by providing collateral for opening an advantageous position in the market. On top of that, a party that tracks and liquidates farmers' positions in a pool with leverage and a safety buffer below the required minimum is called a liquidator. So, while some obtain needed low collateral loans, others generate income from it: every action is rewarded.
Who are the founders of AlpacaFinance (ALPACA)?
As with most DeFi protocols, the team of AlpacaFinance is hidden from the public, namely the private. There is practically no information about the alpacas from AlpacaFinance except that they are striving to build a great project for other alpacas like themselves. For this reason, this lending project is still evolving and thus making an invaluable contribution to the DeFi ecosystem as a whole.
What makes AlpacaFinance (ALPACA) unique?
AlpacaFinance allows everyone to multiply their crypto gains by lending their crypto assets or using borrowed tokens to receive a profit. Leveraged yield farming relies on supported assets, including Bitcoin BEP20, well-known stablecoins, tokens, and integration with PancakeSwap & BiSwap to achieve this goal. AlpacaFinance with an alpaca mascot offers not only a transparent project with a nice and user-friendly UI but also farms with sky-high profits, a variety of pools to suit all tastes, and low gas costs per transaction.