Alpaca Finance brings advanced security measures and an attractive rewards program to perpetual futures trading on the BNB chain.
Alpaca Finance DeFi Milestone
decentralized finance (DeFi) platform Alpaca Finance has launched the long-awaited Perpetual Futures Exchange on the BNB chain.
With up to 50x leverage on BTC, ETH and BNB, the exchange offers an attractive vehicle for both speculation and hedging.
To celebrate the launch, Alpaca Finance is offering zero commission trading for a limited time. The company’s Perp Exchange is fully decentralized, so users are always in control of their funds. This eliminates the possibility of funds being frozen or becoming inaccessible for any reason, and their presence is always visible on-chain.
“Unlike centralized exchanges that offer futures contracts, Alpaca’s Perp Exchange is fully decentralized, so users always have control over their funds. , and its presence is always visible on the chain,” the Alpaca team revealed to BSC News.
Alpaca Finance, with a total value locked (TVL) of $366 million, is already a major player in the DeFi space. The platform operates the largest offerings in two of his DeFi verticals, Smart Vaults and Leveraged Yield Farming. The company has been in operation for his two years and has undergone 21 industry-leading professional security audits, demonstrating a flawless exploit-free security track record.
Alpaca Finance’s Perpetual Futures Exchange provides value not only for traders, but also for liquidity providers and market makers. To provide liquidity, a user can purchase her ALP tokens representing her share in the liquidity pool of her Perp Exchange. A liquidity pool is an index-like pool of quality assets such as BTC, ETH, BNB, USDT and USDC. Currently, the pool offers his APY of 19% on deposited funds.
To provide a trusted 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 the platform easy for both beginners and experienced traders to use.
Perp Exchange is currently in beta testing mode with a full launch scheduled for April 6, 2023 and the start of a larger rewards campaign. Alpaca Finance brings security expertise and a decentralized approach to the BNB chain perpetual futures market.
Alpaca Finance’s Perpetual Futures Exchange is a major development in the DeFi space, offering traders a reliable and user-friendly platform for trading perpetual futures. With a decentralized approach, advanced security measures and an attractive reward program, Alpaca Finance is well positioned to become a major player in the perpetual futures market.
What is Alpaca Finance:
Alpaca Finance is one of the largest lending protocols to enable leveraged yield farming on the BNB chain. It helps lenders to obtain safe and stable yields and provides borrowers with undercollateralized loans for leveraged yield farming positions, significantly doubling the farming principles and resulting profits.
Alpaca Finance prides itself on being a fair launch project with no pre-sales, investors or pre-mining. From the beginning, the project has always been a product built by people, for people, or, as the Alpaca team often says, by and for alpacas.
Alpaca Finance Locations:
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