Alpaca Finance (ALPACA) is a decentralized finance (DeFi) lending protocol known for offering leveraged yield farming on the BNB Chain and Fantom networks. The platform allows users to earn fixed returns by lending assets or open higher-risk positions using leverage.
As of writing, ALPACA has dropped 34.25% in the past 24 hours, ranking among the biggest losers of the day.
The sharp decline follows Alpaca Finance’s announcement that it will shut down operations due to an unsustainable business model and declining revenue. The team will gradually phase out its products, with platform access remaining open for fund withdrawals until December 31, 2025. A major global exchange also recently delisted the ALPACA token, and failed merger efforts have further undermined investor confidence — all of which may have contributed to the token's price decline
