Alpaca Finance's native token, ALPACA, is scheduled for delisting from Binance's Innovation Zone on May 1, 2025. This move follows a series of strategic changes by Alpaca Finance, including the cessation of BUSD-related operations and a significant token migration. ([Binance Will List Alpaca Finance (ALPACA) and Harvest Finance (FARM) in the Innovation Zone | Binance Support](https://www.binance.com/en-AU/support/announcement/binance-will-list-alpaca-finance-alpaca-and-harvest-finance-farm-in-the-innovation-zone-df5d03f70fb446fd9f0948fed8b5d7eb?utm_source=chatgpt.com), [Converting Remaining BUSD in AF1.0 lending into USDT - Community Discussion & Proposal - Alpaca Finance](https://forum.alpacafinance.org/t/converting-remaining-busd-in-af1-0-lending-into-usdt/866?utm_source=chatgpt.com))
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### 📉 Binance Delisting Details
Binance announced the delisting of the ALPACA/BUSD isolated margin pair on July 14, 2023, effective July 20, 2023. The decision was part of a broader initiative to reduce exposure to BUSD, a stablecoin issued by Binance and Paxos. Subsequently, Alpaca Finance initiated a token swap to transition from BUSD to USDT, aiming to enhance liquidity and align with evolving market conditions. ([Binance Margin Will Delist the ALCX/BUSD, ALPACA/BUSD, CVX/BUSD, DOCK/BUSD, LOOM/BUSD, MC/BUSD, MOB/BUSD & TROY/BUSD Isolated Margin Pairs | Binance Support](https://www.binance.com/en/support/announcement/detail/64e983b9aebb48998e7ba789aabe3de2?utm_source=chatgpt.com), [Alpaca Finance Announces Token Swap on November 23rd — TradingView News](https://www.tradingview.com/news/coindar%3A1ae81bdd1094b%3A0-alpaca-finance-announces-token-swap-on-november-23rd/?utm_source=chatgpt.com))
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### 🔄 Token Migration and BUSD Phase-Out
In November 2023, Alpaca Finance commenced a batch 3.0 migration (AIP-25), which included: ([Alpaca Finance Announces Token Swap on November 23rd — TradingView News](https://www.tradingview.com/news/coindar%3A1ae81bdd1094b%3A0-alpaca-finance-announces-token-swap-on-november-23rd/?utm_source=chatgpt.com))
- Opening new leveraged yield farming (LYF) positions using BUSD. ([Alpaca Finance Announces Token Swap on November 23rd — TradingView News](https://www.tradingview.com/news/coindar%3A1ae81bdd1094b%3A0-alpaca-finance-announces-token-swap-on-november-23rd/?utm_source=chatgpt.com))
- Disabling ALPACA borrowing for new positions. ([Alpaca Finance Announces Token Swap on November 23rd — TradingView News](https://www.tradingview.com/news/coindar%3A1ae81bdd1094b%3A0-alpaca-finance-announces-token-swap-on-november-23rd/?utm_source=chatgpt.com))
- Closing remaining BUSD and ALPACA positions by November 30, 2023. ([Alpaca Finance Announces Token Swap on November 23rd — TradingView News](https://www.tradingview.com/news/coindar%3A1ae81bdd1094b%3A0-alpaca-finance-announces-token-swap-on-november-23rd/?utm_source=chatgpt.com))
This migration was part of Alpaca Finance's strategy to phase out BUSD due to regulatory uncertainties and to ensure the platform's long-term sustainability. ([Converting Remaining BUSD in AF1.0 lending into USDT - Community Discussion & Proposal - Alpaca Finance](https://forum.alpacafinance.org/t/converting-remaining-busd-in-af1-0-lending-into-usdt/866?utm_source=chatgpt.com))
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### 💱 Transition to USDT and AF2.0
To facilitate a smooth transition, Alpaca Finance proposed converting approximately $9 million in remaining BUSD from the AF1.0 lending vault into USDT. These funds were then deployed into AF2.0, Alpaca Finance's upgraded lending platform. This move aimed to maintain platform liquidity and provide users with continued access to their assets. ([[AIP-29] Converting Remaining BUSD in AF1.0 lending into USDT - Alpaca Improvement Proposal (AIP) - Alpaca Finance](https://forum.alpacafinance.org/t/aip-29-converting-remaining-busd-in-af1-0-lending-into-usdt/869?utm_source=chatgpt.com), [Converting Remaining BUSD in AF1.0 lending into USDT - Community Discussion & Proposal - Alpaca Finance](https://forum.alpacafinance.org/t/converting-remaining-busd-in-af1-0-lending-into-usdt/866?utm_source=chatgpt.com))
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### 📊 ALPACA Token Overview
As of May 1, 2025, ALPACA is trading at $0.4064 USD, with a daily trading range between $0.3331 and $0.6361 USD. The token has experienced a decline in value, reflecting broader market trends and internal strategic shifts.
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### 🔍 Looking Ahead
The delisting of ALPACA from Binance marks a significant milestone in Alpaca Finance's evolution. The platform's focus on transitioning to USDT and enhancing its lending infrastructure through AF2.0 indicates a commitment to adapting to regulatory changes and market demands. Investors and users are encouraged to stay informed about further developments and to consider how these changes may impact their involvement with Alpaca Finance.$ALPACA
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