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Growing Through the Bear Market
Alpaca Finance brings a multitude of UI updates after a month of expansion that saw the addition of 10 new leveraged yield farms and six new Automated Vaults.
The leverage trading platform on BNB Chain has also added another DeFi product to their platform — the Savings Vault, according to the report released for the month of May on June 9. By using a unique, automated, leveraged yield farming strategy, users can stake single assets (BTC, ETH, BNB) for the “highest yield in all of DeFi (10–30% APY).”
“Even in a bear market, it's important to keep improving the products. In fact, it's a lot quieter, so we have even more time to work,” Samsara, a core team member from Alpaca Finance, told BSC News.
A multitude of UI improvements followed the addition of the new farms and vaults:
- Showing early withdrawal ALPACA amount on Gov page
- Adding tooltips for private AV on the Farm page
- More text on private AVs to lock ALPACA for allocation
- Portfolio Savings Vaults now show in native token values
- AV Portfolio now has a tooltip for Amount
Alpaca Finance has also climbed back into the Top 30 DeFi platforms in TVL (ranking 27th) according to DefiLlama. Alpaca continues to improve security, as shown by its improved security score by DeFiSafety, while maintaining its #1 ranking as the most secure protocol on BNB Chain.
What is Alpaca Finance:
Alpaca Finance is the largest lending protocol 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.
Alpacas are a virtuous breed. That’s why 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.