Alpaca Finance Coin (ALPACA) is the native cryptocurrency of the Alpaca ecosystem.
What is Alpaca Finance (ALPACA)?
Alpaca Finance (ALPACA) is the first lending protocol on the Binance Smart Chain that enables leveraged farming. It helps lenders earn secure and stable returns and offers borrowers undercollateralized loans for leveraged positions, significantly enhancing farming principles and the resulting profits.
As an enabler for the entire DeFi ecosystem, Alpaca strengthens the liquidity layers of integrated exchanges, connecting LP borrowers and lenders to increase capital efficiency. Thanks to this enabling function, Alpaca has become a fundamental building block within DeFi.
In the DeFi era, farming on Ethereum, pioneered by Compound, has become a widespread method for projects to gain liquidity and attract new users. However, the increasing costs of this process have recently made it more challenging for the majority of people.
There has been a boom in the popularity of Binance Smart Chain, and it was noticed that among the applications offered there, compared to other chains like Ethereum, there was a gap. To be clear, one of the most significant missing pieces was an on-chain leverage protocol. Thus, Alpaca Finance was born, aiming to provide value to the BSC community through leveraged farming.
Alpaca Finance is the 258th largest cryptocurrency according to Coinmarketcap rankings. Its market capitalization is $185,016,427. The maximum supply of Alpaca is 188,000,000.
Where to Buy ALPACA Coin?
ALPACA Coin can be securely traded on Binance, the world’s largest cryptocurrency exchange by trading volume. ALPACA Coin is traded on the Binance platform in the ALPACA/BTC, ALPACA/BNB, ALPACA/USDT, and ALPACA/BUSD pairs.
To purchase ALPACA Coin, you must first become a member of the Binance exchange. Once the membership is complete, cryptocurrency or fiat currency should be transferred to the Binance account wallet. After the transfer is completed, you can purchase ALPACA Coin from any of the four pairs mentioned above. To buy from the ALPACA/USDT trading pair, you first need to go to the interface of this pair. In the limit section of the ALPACA/USDT interface, enter the amount you wish to purchase. After specifying the amount, complete the purchase by placing an ALPACA Buy order.
