Alpaca Finance Shuts Down After Binance Delisting 🚫
Alpaca Finance plans to wind down its operations soon, following Binance's recent decision to delist its token. The project announced this difficult decision after a comprehensive review of future possibilities, aiming to protect its community and ensure a smooth closure. Alpaca Finance, a lending platform on BNB Chain and Fantom, faced a significant setback with Binance's delisting in April, limiting token accessibility and hindering new initiatives. While Binance hasn't disclosed the delisting reasons, it typically evaluates factors like project progress and liquidity. The ALPACA token witnessed a 16% drop recently. Alpaca attributes its decline to the evolving DeFi landscape, becoming more competitive with major players dominating. By June 2025, the project will disable new positions, closing all by the end of the month.
FAQ
❓ Why is Alpaca Finance closing?
Alpaca Finance is closing due to a combination of Binance delisting its token and increasing competition in the DeFi sector, making it difficult to continue operations.
❓ What happens to existing positions on Alpaca Finance?
All existing positions must close by June 30, 2025. The platform will disable opening new positions by the first week of June 2025.