About Alpaca Finance

The Alpaca Finance price is $0.13888, a change of 0.17% over the past 24 hours as of 11:39 a.m. The recent price action in Alpaca Finance left the tokens market capitalization at $20,928,980.68. So far this year, Alpaca Finance has a change of -42.88%. Alpaca Finance is classified as a DeFi under CoinDesks Digital Asset Classification Standard (DACS).

ALPACA is the native token of Alpaca Finance, a decentralized lending protocol on BNB Chain and Fantom. It also operates yield farms, which are smart contracts that let investors earn yields on tokens they stake within the platform.

ALPACA price

ALPACA launched in late February 2021. It hit its all-time high of $8.78 on March 6. But because the token launched without a presale and could not be earned before its launch, it started with a small supply.

According to crypto-data provider Messari, the developers received 400,000 at launch and a community treasury took in 250,000 tokens, with an extra 142,857 allocated to staking rewards. Consequently, its market cap at the time of its all-time high was just $53 million.

ALPACA crashed almost immediately after, hitting $0.50 on April 1, 2021. When the token’s price briefly rose to $3.43 on May 4, 2021, its market capitalization was just $20 million.

Of the tokens’ total capped supply of 188 million, 87% (163.6 million) can be earned only by using the protocol – by lending and then staking tokens, or placing them in Alpaca’s yield farms. Messari predicts that all tokens will be in circulation by the start of 2024.

Another 8.7%, or 16.4 million ALPACA tokens, went to the project’s developers, subject to a two-year vesting period. The remaining 4.3% of the supply, 8 million tokens, will go to a “warchest” reserved for “future strategic expenses,” such as listing fees, audits and third-party services.

ALPACA’s market cap peaked at $233 million in August 2021. In the same month, the protocol’s total value locked (TVL) – a metric that describes the value of crypto locked in its smart contracts – peaked at $1.8 billion. By then, ALPACA’s price had fallen to about $1.

Although yield farming increases the number of ALPACA tokens in circulation, the protocol’s buyback-and burn-mechanism counters this to reduce the total supply, theoretically increasing ALPACA’s value.

To do this, the project uses a portion of its revenues to buy ALPACA from the open market, then sends the tokens to an uncontrolled wallet, permanently removing them from circulation.

As of June 2022, Alpaca Finance had burned 21.4 million ALPACA tokens, or 11.41% of its maximum supply.

How Alpaca works

Alpaca Finance is a lending protocol with a focus on yield farms and staking. Users can take out loans on Alpaca, then stake the crypto they’ve borrowed to increase their rewards. This mechanism also allows borrowers to take out undercollateralized loans, since the loans are backed by yield farming.

As of June 2022, Alpaca was the third-largest DeFi (decentralized finance) protocol on BNB Chain, after PancakeSwap and Venus. Alpaca lagged behind at quite a distance; while PancakeSwap had a TVL of $3.2 billion and Venus had a TVL of $741 million, Alpaca had a TVL of $507 million.

Key events and governance

The community can use ALPACA to decide how the protocol distributes revenues it generates to stakers. As of June 2022, 90.78% of rewards go to stakers on BNB Chain, and 9.22% go to stakers on Fantom.

Alpaca’s head of business development is James Strudwick and its head of institutional sales is Rupert Douglas. As of an August 2021 interview with Binance, its head of institutional growth is Pete Woodard, and the head of engineering is the pseudonymous “SpicySquid168.” It does not list a founder, CEO or CTO.

Read less...
Sponsor LogoBuy crypto on a secure, trusted platform.
Cryptoassets are highly volatile and unregulated in some EU countries and the UK. No consumer protection. Tax on profits may apply.

Latest About Alpaca Finance

Binance liquid staking ETH (DefiLlama)
Binance’s Liquid Staked Ether Jumps to $1.2B in TVL After Sudden $500M Inflow

The exchange is one of the largest players in ether staking after Lido Finance and Coinbase.

Binance liquid staking ETH (DefiLlama)
MKR price today (CoinDesk)
MakerDAO’s MKR Nears 16-Month High as Whales Accumulate, Crypto Hedge Fund Sets Bullish Price Target

Crypto hedge fund Ouroboros Capital says the token could test the $1,600 price level as protocol profits grow.

MKR price today (CoinDesk)
Chainlink’s LINK Soars, Outperforming Other Crypto Majors

The uptick comes as the company has secured a number of notable partnerships with traditional finance institutions.

Coinbase is courting institutional crypto customers (Piggybank/Unsplash)
Coinbase Paves Way for Big Institutions to Do More With Web3, DeFi, NFTs

“We're seeing corporations who want to participate on-chain in some way,” Coinbase’s Kevin Johnson told CoinDesk TV. “But they need a safe way to do that.”

Coinbase is courting institutional crypto customers (Piggybank/Unsplash)

Alpaca Finance Market Stats

Market Cap


24H Volume


Max Supply


Total Supply


24H Value Transacted


30D Volatility


24H Transaction Count


24H Average Transaction Fee


As part of CoinDesk's Staking Week, presented by Foundry, Gitcoin co-founder Kevin Owocki joins the show to discuss the changes since Ethereum switched to proof-of-stake roughly one year ago Read more...

Crypto Sectors

Alpaca Finance (ALPACA)
is not in the CoinDesk DACS 500.
Of the undefined assets in sector,
Alpaca Finance
represents undefined% of the Marketcap.
Top assets in Sector
  • Assets
Source: Coindesk DACS monthly update.

CoinDesk Indices

View All
Top Indices including Alpaca Finance
Index nameTickerWeight24H

Bitcoin Calculator

Last Updated on 10/02/23 11:39 AM

CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.

Market Analysis
Social Analysis