About the coin

Alpaca Finance is a pioneering leveraged yield farming protocol operating on the Binance Smart Chain. It distinguishes itself by being a fair launch project, meaning it was introduced without a pre-sale, investor backing, or pre-mining activities. This approach ensures a more equitable distribution of tokens and opportunities for all participants.

Main features

The primary feature of Alpaca Finance is its leveraged yield farming capability. This allows users to amplify their farming positions by borrowing from the protocol's deposit vaults. By doing so, users can potentially increase their yield farming returns, albeit with increased risk due to the leverage involved.

How it works

Users can open leveraged yield farming positions by borrowing assets from Alpaca Finance's deposit vaults. This process involves depositing collateral and selecting the desired leverage level. The borrowed funds are then used to farm yields, with the potential for higher returns compared to traditional yield farming. However, users must manage the risks associated with leverage, including potential liquidation if the value of their collateral falls below a certain threshold.