🦙 Alpaca Finance (ALPACA) — DeFi that Once Boomed, Now Down -75%
Alpaca Finance is a DeFi protocol on the BNB Chain focused on leveraged yield farming & lending.
Had a huge hype during 2021–2022 due to:
Fair launch (without VC)
Can farm using leverage up to 8×
Automated vault features like on-chain hedge funds (passive yield 20–30%)
ALPACA token once surged, but has now fallen over 75% from ATH due to:
Significant TVL drop
Increasing competition
DeFi market is sluggish
💡 Still active and used, but no longer the “star” it once was.