NEWS: Alpaca Finance to shut down.
After 4 years building on BNB Chain, the team has announced plans to sunset the protocol and begin winding down.
$ALPACA is down 30.2% following the announcement.
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@AlpacaFinance Source:
After extensive internal deliberation and a thorough evaluation of possible paths forward, we have made the incredibly difficult decision to begin sunsetting Alpaca Finance and all of its products. This choice wasn’t made lightly, but we believe it is the most responsible course of action to safeguard our community and ensure a graceful and secure wind-down.
Looking back, we’re incredibly proud of what Alpaca Finance achieved. From becoming a top protocol on BNB Chain, to helping define leveraged yield farming in DeFi’s early days, our journey was only made possible by the incredible support of our community.
To our users, thank you for believing in us, farming with us, and sticking with us through the highs and lows.
If you have any questions on the wind-down process, feel free to reach out to us. Any important updates during the wind-down process will be shared via our official social channels.
From all of us at Alpaca Finance — thank you for walking this journey with us. It’s been an honor.
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