Alpaca Finance @AlpacaFinance
Dear alpacas, check out what we've worked on in September: https://medium.com/alpaca-finance/alpaca-finance-september-2021-recap-ad1acc274ba5… #DeFi #yieldfarming #Binance #BSC #BNB #crypto #NFT #GameFi #BinanceSmartChain #cryptocurrecy
Alpaca Finance September 2021 Recap
September was marked by continued expansion by Alpaca Finance. In major highlights, we integrated with a new major DEX (MDEX), and launched 10 new farms and 8 new Grazing Ranges. Among those, we hosted our first Long Term Grazing Range with Scientix that racked up as high as 250Mn TVL on its 2nd day of launch, and helped LatteSwap do a fair launch out of stealth to get as much as 1.3Bn TVL on its 2nd day of launch. On the product development side, we also added a PnL feature, partnered with a new insurance protocol, and announced secret NFT and GameFi projects that we had been working on behind the scenes.
📈By The Numbers
We didn’t expect it, but according to Dapp.com, Alpaca Finance became the #1 protocol across all chains with the highest volume transacted to its smart contracts (i.e., the amount of tokens spent on the protocol), beating UniSwap, and Aave. ALPACA also remained the most traded BSC ecosystem token in terms of 7-day volume, and we won the Binance Smart Chain Gravity Medal for our trading volumes. The number of ALPACA holders increased 11% month-over-month to 53,800 holders. Our MCAP/TVL ratio also remains among the lowest compared to top DeFi protocols.
🌾MDEX Integration & New Farms
We were very excited to announce integration with MDEX, our third DEX partnership after WaultSwap and PancakeSwap. MDEX is the second-largest DEX on BSC with a TVL of $1 billion+ and hundreds of millions in daily trading volume. The partnership will help increase utilization of our lending pools, provide users with higher yields, and increase our buyback & burns. To start, we launched four MDEX farms:
BTCB-USDT (3x) 60% APY
ETH-USDT (3x) 78% APY
MDX-BNB (3x) 43% APY
MDX-BUSD (3x) 342% APY
We also launched five new PCS farms and one new WaultSwap farm:
PHA-BUSD (2.5x) 456% APY
WUSD-BUSD (4x) 19% APY
NAOS-BNB (2x) 368% APY
MBOX-BNB (2.5x) 17.7% APY
DVI-BNB (2x) 5.6% APY
QBT-BNB (2x) 643% APY
We have plans to launch additional new MDEX farms, and will continue to add farms with our other DEX partnerships.
🏅Crypto.com and Other Listings
ALPACA became listed on crypto.com’s wallet, one of the largest exchanges for Western users. We also got ALPACA listed Indodax, VCC exchange, SwapZone, GuardaWallet, ChangeNOW, AveDex, and Zapper. A full list of CEXes and DEXes where you can buy ALPACA is available in our Alpaca Academy Lesson 0.
🌿New Grazing Ranges
In September, we launched our first Long Term Grazing Range pool with Scientix, which may last many months or years. 5% of all SCIX tokens will be reserved for this farm. Through this partnership, Scientix was able to gain as much as 250Mn TVL by its second day of launch.
We also hosted our first LaunchPad Grazing Range Pool with LatteSwap which generated 1.3Bn TVL by its second day of launch. We also launched Grazing Range pools with Qubit Finance, Dvision Network, NAOS Finance, Kalata Protocol, Alium.Finance, and Phala Network. PMON and PHA Grazing Range pools were further extended by one month.
On our Grazing Range, users can stake ibALPACA to earn rewards in our partner’s token. Those who staked 500/5000/50,000 (3 tiers) ibALPACA into the Grazing pools within 24 hours of its inception and for 27 days will earn a special NFT. To learn when new Grazing Ranges will launch so you can get the NFT, follow our Twitter.
🎭New NFTs
We released Episode 4 of our NFT animated series, Little Al and the Magical Alpaca Farm, eligible to those who staked their sALPACA during the Stronk Vault’s entire second month ending in May, 2021.
We also gave out a Grazing Range NFT for a campaign that finished this month— PMON (Polychain Monsters).
We gave NFTs to those who participated in our CN Fireside Chat on Bihu and those who played Crypto Pictionary during our Alpaca Game Night, hosted on Saturdays on our Discord.
We also hosted many AMAs this month and gave unique NFTs to those who participated in our AMAs with Coin98, Game of Bitcoins, CryptoGo, NAOS Finance, Binance ID, Binance CN, CoinF, CFL Venture Group, Binance Ukraine, Binance VN, Binance, MEXC VN, CryptoFi Vietnam, Binance NZ, Sophy Cherie, Binance KZ, GITB, and Binance IN.
All NFTs can be viewed on Project Galaxy and traded on the secondary market on Treasureland.
😊New Features and Improved User Experience
We added a new PnL feature to all active positions. This feature will track your entry date, entry prices, and profits/losses of your Equity Value, Position Value and LP Amount, among other metrics. This is yet another innovative leveraged yield farming feature only available only Alpaca Finance, and one we believe can greatly enhance the user experience for farmers.
We also added Vietnamese to our Docs, as well as Spanish, Italian, and Hebrew to our App. We’ve also added subtitle support in 20 languages to our Strategy 2 YouTube video. The Herd is spreading across the world!
🎮Introducing Alpaca Finance GameFi
At September’s end, we announced one of the bigger projects we’ve been working on behind the scenes — an Alpaca Finance game, along with a 10,000-piece Alpies NFT collection that will form the foundation of the game. 5000 Dauntless — relentless capitalists with a fierce focus on execution— will go on sale Tuesday, October 19th on BSC. 5000 Dreamers— idealistic builders trying to create a financial utopia — will go on sale Wednesday, October 27th on Ethereum. Details, including why we decided to create the game and how it will add value to Alpaca Finance, are in this article.
🔥Buyback & Burn
In September, we burned a total of 871,552 ALPACA (~$788,000), representing an average weekly burn of 217,888 ALPACA, making ALPACA well on its way to becoming a sustainable deflationary token. We will continue to expand and find new ways to increase our burns (e.g., like our Alpaca game above) to bring long-term value to all ALPACA holders.
👨👨👦Twitter Spaces Fireside Chats
We hosted two more fireside chats with our Head of Business Development James, our Head of Strategy and Marketing Sam, and our Head of Institutional Growth Pete. Hear their thoughts on all things DeFi, including current market conditions, multichain growth and development, institutional investments, VC involvement, and Alpaca news, such as our latest partnerships with Scientix and LatteSwap.
2nd Fireside Chat: YouTube link
3rd Fireside Chat: YouTube link
📚New Learning Material
We released our Alpaca Academy Lesson 5 to give young alpacas deeper insights into the concept of impermanent loss.
🔒Security
Alpaca Finance was again ranked in the top among BSC protocols in terms of security, as analyzed by GenX Analytics.
Alpaca Finance became one of only three protocols on BSC to join Priority ONE’s $10 million bug bounty program hosted by Immunefi. These incentives are part of our long-term goals to establish ironclad security for our platform.
Finally, we partnered with InsurAce.io, our second insurance partnership in addition to Nexus Mutual. With InsurAce.io, users can buy low-cost insurance coverage on their assets on our protocol and other protocols (and also across chains). Details are provided here.
📰Other News & Partnerships
Several other Alpaca partnerships include:
- Integration with KingData, which allows you to see how Alpaca Finance’s APYs compared to hundreds of protocols on multiple chains
- Integration with Bubble Maps, which allows you to visualize wallet interconnectivity among the top 150 ALPACA holders
- Integration with Pacoca.io, which lets you track assets and invest in yield-optimizing vaults
- A Learn & Earn campaign with VCC exchange
- Featured in a Project Spotlight event on Dvision Network
- Conducted AMAs with Coin98, Game of Bitcoins, CryptoGo, NAOS Finance, Binance ID, Binance CN, CoinF, CFL Venture Group, Binance Ukraine, Binance VN, Binance, MEXC VN, CryptoFi Vietnam, Binance NZ, Sophy Cherie, Binance KZ, GITB, and Binance IN.
Next Steps
Allowing users to borrow undercollateralized loans for farming is a capital-efficient business model with long-term sustainability, and we will continue to strive to make Alpaca Finance among the best protocols in DeFi. We’re always taking many small and large steps towards this goal, as exemplified above.
As always though, our first priority is security, making sure any features we develop or partners we work with are thoroughly vetted and safe for our users. Since we launched in the beginning of this year, our users have continuously trusted us with over $1 billion dollars of their funds, which is why security is one point we’ll never compromise on. As a result, features take a bit longer for us to develop than other protocols, and with how many things we’re working on and the changing crypto landscape, it’s very difficult to avoid an occasional feature running over schedule.
Even so, we continue to be one of the fastest developing teams in DeFi. With strategic features like AUSD, we’re developing them in private repos, but they’re coming soon, and the journey is only just beginning. We’re working on many big things for Q4 and 2022, and will update our roadmap this week to share those with you all. We welcome you to follow our Twitter for the exciting news to come.
Alpaca Finance
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