Alpaca Finance, a DeFi lending protocol on the BNB Chain and Fantom, has revealed plans to gradually shut down its platform and associated products. The decision, made after extensive internal discussions, was driven by financial difficulties. Launched without pre-sale or venture capital, Alpaca Finance allowed leveraged positions through borrowing from deposit vaults. Despite reaching a TVL peak of $900 million in early 2022, the protocol faced revenue decline and increased competition. The recent delisting of its token, ALPACA, by Binance further impacted its operations. The team outlined a structured shutdown plan, including closing leveraged yield farming positions and halting Automated Vaults. Alperp trading will be shut down by June's end, with all operations ceasing by December 31, 2025. The platform emphasized ensuring a smooth exit for users and distributing revenue to Governance Vault stakers. Read more AI-generated news on: https://app.chaingpt.org/news

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