Alpaca Finance

Alpaca Finance is the largest lending protocol allowing leveraged yield farming on the BNB Chain. It helps lenders earn safe and stable yields and offers borrowers undercollateralized loans for leveraged yield farming positions.‌ Alpaca amplifies the liquidity layer of integrated exchanges, improving their capital efficiency by connecting LP borrowers and lenders.

ALPACA is the largest platform of leveraged crypto products on the BNB chain.

The project helps lenders earn safe and stable yields and offers borrowers undercollateralized loans for leveraged yield farming positions.

ALPACA has a TVL of $62 million at the time of writing, which should go significantly higher once the market picks up.

They have been audited by credible partners like Certik in addition to being listed on popular exchanges and being featured on popular publications.

ALPACA is down 97% from its ATH as of Jan 2024 indicating the volatile nature of the coin.

As per Coinmarketcap, more than 79% of the maximum supply is in circulation as of January 2024.

One should research fundamentals and the protocol's roadmap as it gives the user an idea about the protocol's activity.

There is heavy competition in the DeFi ecosystem, this could derail the growth of the project if they do not make use of the community and partnerships established.