Alpaca Finance to Wind Down After 4 Years on BNB Chain. $ALPACA

BNB Chain DeFi The team revealed it has operated at a loss for over two years, despite major downsizing efforts. Crypto Reporter Shalini Nagarajan Crypto Reporter Shalini Nagarajan About Author Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector. Author Profile Share Copied Last updated: 1 hour ago Why Trust Cryptonews Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews Alpaca Finance, once a staple of the BNB Chain ecosystem and a pioneer in leveraged yield farming, announced this week that it will sunset operations after a four-year run. The decision marks the end of one of DeFi’s more resilient fair launch projects, and comes after sustained financial strain, evolving market dynamics, and a final blow from Binance. In a blog published Monday, the team behind Alpaca described the closure as “incredibly difficult” but necessary to “safeguard our community and ensure a graceful and secure wind-down.” The ALPACA token plunged 30% after the announcement, last trading around $0.112. Yield Farming Pioneer Faced Growing Competition and Fading Demand. The announcement reflects how far the DeFi landscape has shifted since the project launched in early 2021, when its core product, leveraged yield farming, found near-instant product-market fit. Back then, Alpaca quickly became one of the most used protocols on the BNB Chain. But as the market matured, and innovations like concentrated liquidity AMMs emerged with inherent... https://cryptonews.com/news/alpaca-finance-shuts-down-after-4-years/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple