Founded in 2018, Alpaca Finance is a decentralized protocol that leverages the Binance Smart Chain to offer a number of investment vehicles including leveraged yield farming products, NFTs, staking systems, and a proprietary utility token “ALPACA.” It provides peer-to-peer lending services that enable users to provide loans through lending pools and users can also stake or farm their tokens to earn passive income through yields.
Additionally, the platform offers a decentralized exchange that supports over 20 popular cryptocurrencies (as of April 2022) including Bitcoin, Ethereum, Solana, Shiba Inu, and Dogecoin. It also offers a data API that enables users to trade across participating third-party exchanges.
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