Alpaca Finance is a lending protocol that facilitates leveraged yield farming on the Binance Smart Chain. Borrowers can access uncollateralised loans to multiply their yield farming positions, while lenders can earn safe, stable yields. One advantage of Alpaca Finance is that it’s a fair launch project with no pre-sale or pre-mined tokens.
The ALPACA token has several functions. Users can stake it to generate rewards and receive performance fees from yield farming vaults. It’s also used as a governance token to direct platform improvement proposals. In addition, ALPACA grants exclusive access to NFT sales and integrations on the platform.