Utilizing yield farming on Fantom and BNB Chain, Alpaca Finance (ALPACA crypto) is the lending technology that enables users to obtain constant revenue. As a component of the DeFi ecosystem, Alpaca Finance links borrowers and lenders and serves as an amplifier of liquidity within the DeFi components.
A Comprehensive Review of Alpaca Crypto – 2023
Alpaca acts as an enabler for the entire DeFi ecosystem, amplifying the liquidity layer of integrated exchanges and increasing their capital efficiency by bringing together LP borrowers and lenders. Alpaca has evolved into a key component of DeFi thanks to this enabling function, which lets everyone and every alpaca have access to the power of finance.
Tokenomics
The primary native token of the platform is ALPACA. It is utilized for governance, partnership rewards, payments for distribution efficiency, payments for farming awards, and special NFT access, among other things. In actuality, the ALPACA crypto serves as the primary instrument in the Alpaca ecosystem, which sustains the entire platform.
On the other hand, the Alpaca token started the day higher but is currently trading at $0.161, down 5.81%. Its market cap is also down 5.84% to $24,255,635. In contrast, its trading volume rose 8.94% to $26,993,061.
Roadmap
Alpaca’s roadmap for 2023 consists of 4 parts, the first 1.5 quarters of which have been successfully completed. A highly thorough and detailed plan is provided by Alpaca Finance, which further enhances the project’s credibility. The overall roadmap as well as the actions that have previously been carried out demonstrate the team’s commitment to the project and provide reason for optimism for its growth and success in the future.
Q1 2023
✔️ App UI Improvements
✔️ More 3rd-party integrations of Alpaca’s products
- ✔️ OKX Earn
✔️ Private NFT airdrops and whitelist spots from partner projects for Alpies owners(1)
✔️ Finalize custom in-app analytics system for UX optimization
- ✔️ Conversion rate analysis
- ✔️ Develop internal Conversion Rate Dashboards
- ✔️ Lending
- ✔️ LYF
- ✔️ AVs
✔️ Integrate customized web push system for in-app notifications
- ✔️ Chatbot
- ✔️ In-app alerts
- ✔️ High APYs (in testing)
- ✔️ New products (beta)
✔️ Additional Audits (1/1)
✔️ Launch new AlPerp Exchange Beta
- ✔️ ALP Liquidity Pool
- ✔️ Advanced Order Types
- ✔️ Swap without price impact
- ✔️ Funding Rate implementation
- ✔️ Lower gas costs
- ✔️ Growth marketing 1st-stage
- ✔️ Beta Incentive program
- ✔️ Tiered referral program
- ✔️ Zero-fee trading
✔️ Add more utility to ALPACA token
- ✔️ Additional revenue from Perp
✔️ Governance AIPs (7)
✔️ Ended ALPACA emissions
✔️ Telegram for real-time AV Hedging updates
✔️ Alpaca Gaming
- ✔️ Finalize game design documentation
- ✔️ Begin alpha development for soft launch
- ✔️ Iterate on game econ
✔️ Additional listings
- ✔️ CEX (1)
- ✔️ NFT marketplace (1)
- ✔️ Wallet (2)
Q2 2023
✔️ Full launch of AlPerp Exchange
- ✔️ Further optimize gas
- ✔️ Referral rewards tracking
- ✔️ Trading fee rebate system
- ✔️ Additional Language Support
- ✔️ CN
- ✔️ FR
- ✔️ Growth marketing 2nd-stage
- ✔️ Full rewards program for LPs
- ✔️ Full rewards program for Traders
- ✔️ Referral links
- ✔️ Position P/L sharing
- 🔜 Trading competitions
- ✔️ Improved charting
- 🔜 Trading leaderboard
- Unutilized ALP redeployment into Alpaca lending
✔️ Public Analytics Dashboard for Perp
✔️ Deleveraging for AVs
✔️ App UI Improvements
✔️Governance AIPs (6/?)
✔️ Alpaca Finance 2.0 (1st deployment)
- ✔️ Overcollateralized lending
- ✔️ Cross-margin
- ✔️ Incentive Program
✔️ Add more utility to ALPACA token
- ✔️ Additional revenue from AF2.0 overcollateralized lending
✔️ More Grazing Range pools
- ✔️ AF 2.0 Partner Listings (New Grazing Range type) – (2/?)
✔️ Additional Audits (1/?)
- 🔜 Additional listings
- 🔜 Get Tier1 financial license
- V2 UI/UX Redesign
- Sub-accounts
- Asset tiers
- Composable deployment of lending pools
- Multiple interest rates per every product and pool
- Asset-specific risk-adjusted weights on supply/borrow capacity
- Additional undisclosed strategic features
🔜 Alpaca Gaming
- 🔜 Iterate on game econ
- 🔜 Develop private alpha
- 🔜 PvP mode
- Campaign mode
- Finish all V1 art assets
- Metagame progression
- Deep customization system for characters
- QA testing
🔜 Internal Conversion Rate Analysis for Perp
- 🔜 Conversion Rate Dashboard
- 🔜 LTV analysis
🔜 Further develop notifications System (in beta)
- 🔜 Email system
- Weekly personalized product newsletter
- Asset-specific alerts
- Margin call system for borrowers
- Private NFT airdrops and whitelist spots from partner projects for Alpies owners
- More farming pools from integrated DEXes
- More 3rd-party integrations of Alpaca’s products
- Additional undisclosed strategic features
Q3 2023
- Alpaca Finance 2.0 (2nd deployment)
- LYF
- Cross-margin
- Sub-account integration
- Borrowing of any whitelisted token
- Use any whitelisted token as collateral
- Double-layered gentle liquidation with repurchasing
- Multi-token farming rewards
- LYF
- Migrate AVs to Alpaca Finance 2.0
- AVv3 – DEX V3 integrations for Automated Vaults
- Perp features
- Add other tradable assets to Perp Exchange
- Non-crypto assets
- Additional Language Support
- Add other tradable assets to Perp Exchange
- Alpaca Gaming
- Launch private alpha
- Playtesting
- Iteration
- Full feature buildout
- Launch private alpha
- Alpaca Finance 2.0 Improvements
- Looping widget for borrowing
- Streamlined UX for advanced/multi-step strategies
- Alpaca Gaming
- Launch private beta
- Exclusive access for Alpies holders
- Launch private beta
- Private NFT airdrops and whitelist spots from partner projects for Alpies owners
- App UI Improvements
- Additional Audits
- More farming pools from integrated DEXes
- More 3rd-party integrations of Alpaca’s products
- Additional CEX listings
- Integrate support for additional web and mobile wallets
- More Grazing Range pools
- Add more utility to ALPACA token
- Integrate LYF with more DEXs
- Additional undisclosed strategic features
- Alpaca Gaming
- Soft Launch public beta
- Cross-platform development
- Build web3 layer
- NFT integration
- Launch NFT marketplace
- Marketing
Q4 2023
- Alpaca Finance 2.0 Improvements
- Permissionless listing
- Alpaca Gaming
- Public Launch cross-platform
- Launch gaming token for Web3 game
- Exclusive presale for Alpie owners
- Exclusive Alpaca physical merch for Alpies owners
- Private NFT airdrops and whitelist spots from partner projects for Alpies owners
- App UI Improvements
- Additional Audits
- Perp improvements
- More AF2.0 features
- More farming pools from integrated DEXes
- More 3rd-party integrations of Alpaca’s products
- Additional CEX listings
- Integrate support for additional web and mobile wallets
- More Grazing Range pools
- Create separate UI for auto-compounding 1x LP positions
- Fund 3rd-party teams to build ecosystem dApps off Alpaca
- Dashboards
- Automation tools
- Trading/Strategy deployment platforms
- Add more utility to ALPACA token
- Integrate LYF with more DEXs
- Additional undisclosed strategic features
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