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What can you do with Alpaca Finance?
Store/Hold Alpaca Finance
Many users hold on to their Alpaca Finance with the expectation of it increasing in value. You can store your ALPACA safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Alpaca Finance
You can trade Alpaca Finance for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Alpaca Finance trading to meet your needs.
Send Alpaca Finance
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Alpaca Finance online and send to anyone and anywhere with their Alpaca Finance address.
Spend Alpaca Finance
You can also buy goods and services with your Alpaca Finance. More and more vendors and retailers accept Alpaca Finance every day.
Donate Alpaca Finance
Bitget Charity accepts Alpaca Finance donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Alpaca Finance so no one misses out on the growth made possible by blockchain.
Learn More About Alpaca Finance
You can read more in-depth articles on Alpaca Finance from Bitget Research and study how cryptocurrencies like Alpaca Finance work on Bitget Academy
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What is Alpaca Finance (ALPACA)?
Alpaca Finance is the biggest decentralized lending platform on BNB Smart Chain (BSC) and Fantom. Lenders of Alpaca Finance can deposit money into the protocol to earn yields, while borrowers are able to take out undercollateralized loans for leveraged yield farming positions.
The protocol started out with a fair-launch on BSC in 2021. That means there was no presale, no premined token, and no institutional investors at the beginning. Despite the humble beginning, it gained traction due to good DeFi products and became one of the top protocols.
How Alpaca Finance (ALPACA) Works
Alpaca Finance offers 4 products to cater for different needs and risk appetites:
- Lending is where lenders deposit their funds into the protocol to receive high yields, while borrowers can open undercollaterized loans. Deposit fees, withdrawal fees, and default lockup are not implemented. Also, Alpaca Finance uses strict liquidation settings and does not allow loans to be taken outside the platform, so lenders can rest assured that their money is safe and they can withdraw anytime.
- Leveraged Yield Farming allows users to generate more returns by borrowing funds for yield farming.
- Automated Vaults works as a hedge fund on blockchain that generates higher APY on yield farming while minimizing exposure risks.
- AUSD, whose full name is AlpacaUSD, is a stablecoin that has the ability to earn its holders additional passive income in various ways.
How Many Alpaca Finance (ALPACA) Tokens Are in Circulation?
ALPACA is the native token of the protocol. At the moment, there are 188,000,000 ALPACA tokens in total supply, among which 152,770,500 are in circulation.
How to Buy Alpaca Finance (ALPACA)
Consider investing in Alpaca Finance (ALPACA)? It only takes 2 minutes to create an account on Bitget and start trading ALPACA.
Check out the available ALPACA trading pairs on Bitget!
Spot market
Alpaca Finance (ALPACA) Resources
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