Alpaca Finance Launches Perpetual Futures Exchange on BNB Chain

DeFi Milestone for Alpaca Finance

Decentralized Finance (DeFi) platform Alpaca Finance has launched its highly anticipated Perpetual Futures Exchange on the BNB Chain.

With up to 50x leverage on BTC, ETH, and BNB, the exchange provides an attractive instrument for both speculation and hedging.

To celebrate the launch, Alpaca Finance is offering zero-fee trading for a limited time. The company's Perp Exchange is fully decentralized, meaning users retain control of their funds at all times. This makes the funds immune to being frozen or becoming inaccessible for any reason, with their presence always being visible on-chain.

"Unlike centralized exchanges offering futures contracts, Alpaca’s Perp Exchange is fully decentralized, meaning users retain control of their funds at all times. This makes the funds immune to being frozen or becoming inaccessible for any reason, with their presence always being visible on-chain," the Alpaca team revealed to BSC News.

With $366 million in total value locked (TVL), Alpaca Finance is already a major player in the DeFi space. The platform operates the largest products in two DeFi verticals, Smart Vaults, and Leveraged Yield Farming. The company has been operational for two years, has had an industry-leading 21 professional security audits, and has demonstrated a spotless security track record with no exploits.

Alpaca Finance’s Perpetual Futures Exchange offers value to not only traders but also liquidity providers and market makers. To provide liquidity, users can buy ALP tokens representing their share in the liquidity pool for the Perp Exchange. The liquidity pool is an Index-like pool consisting of blue-chip assets such as BTC, ETH, BNB, USDT, and USDC. Currently, the pool offers 19% APY on the deposited funds.

To offer a reliable trading experience, Alpaca’s Perp Exchange uses a price oracle system that sources data from multiple providers to ensure the most accurate and reliable pricing information. The product interface aims to be user-friendly, making it easy for both new and experienced traders to use the platform.

The Perp Exchange is currently in beta testing mode, with a full launch and the start of a larger rewards campaign scheduled for April 6, 2023. Alpaca Finance is aiming to replicate the success of the GMX Perpetual Exchange on Arbitrum by bringing its security expertise and decentralized approach to the perpetual futures market on the BNB Chain.

Alpaca Finance’s Perpetual Futures Exchange is a major development in the DeFi space, providing traders with a reliable and user-friendly platform for perpetual futures trading. With its decentralized approach, advanced security measures, and attractive rewards program, Alpaca Finance is well-positioned to become a leading player in the perpetual futures market.

What is Alpaca Finance:

Alpaca Finance is one of the largest lending protocols that allows leveraged yield farming on BNB Chain. It helps lenders to earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principles and resulting profits.‌

Alpaca Finance prides itself on being a fair-launch project with no pre-sale, no investor, and no pre-mine. From the beginning, the project has always been a product built by the people, for the people––or as the Alpaca team likes to say: by the Alpacas, for the Alpacas.

Where to find Alpaca Finance:

Website | Twitter | Telegram | Discord | Medium | GitHub |