Feel the Heat! Alpaca Finance Completes 93rd Weekly Buyback & Burn

15.5% of $ALPACA Supply Burned in Total

Alpaca Finance got off to a hot start in 2023, completing its 93rd weekly Buyback and Burn. The lending platform on BNB Chain and Fantom sent 108,888 $ALPACA to the incinerator, with an estimated value of $26,600.

In total, Alpaca has burned more than 29 million tokens, accounting for 15.5% of the total supply (almost all of it on BNB Chain). At the time of the burns, the total value of the tokens exceeded $15 million.

Aided by the continuing buyback and burn program, the ALPACA token supply has been deflationary for 39 of the last 44 weeks.

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 |