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Alpaca Finance (ALPACA)
Overview
Alpaca Finance is the first leveraged yield farming protocol on Binance Smart Chain. The project was a fair launch project with no pre-sale, no investors, and no pre-mine. Their protocol allows users to open a leveraged yield farming position by borrowing from their deposit vaults.
Pioneered by Compound during the DeFi Summer, yield farming has become a popular way for projects to bootstrap their liquidity and acquire new users. Alpaca Finance has expanded on the success of these early entrants by providing value to the BSC community through leveraged yield farming.
Our Opinion
Price: $2.98
Market Cap:$208 million
Fully Diluted Market Cap: $297 million
Price Target: $10
Risk score: 4
Alpaca despite being a new project is one of the true gems amongst our selection of moonshots. With a TVL of over $2 billion and a fully diluted market cap of $297 million this is a project that deserves a re-rating. Based on a ratio of market value/TVL of 0.5 that would suggest a price of $10 not a million miles away from its ATH of $8.78.
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