💟 Market Health (October-27) The market just had a crash and this is an opportunity for us to continue accumulating Altcoins. Money has been withdrawn from Topcoins and will likely be pushed into mid-cap and low-cap Altcoins. However, it is highly likely that buying will come back strongly and close today's 1Day candle in the green color and the market will be very bullish. But be aware that the market during this period will have strong ups and downs so limit the use of leverage as much as possible because your position will be easily liquidated. ETH also filled the gap at 4000$
💟 Market Health (October-27) Money is being withdrawn from coins that have pumped strongly in the past days and is being redirected to the next coins with lower capitalization, so in the next few days there will be many quick pumps with high profit rates. so please check the market regularly to be able to sell at high price areas. This phase will need about 1-2 weeks before the money flows back to the top coins
💟 Market Health (October-26) The market is recovering very strongly with a lot of coins rising above the ATH (All time high) price zone. Currently, BTC still holds the $60000 zone and that is what has helped the market to confidently grow. Let's continue to accumulate and wait for the pump's turn
💟 Market Health (October-25) BTC is still holding the $60000 zone and this is a good sign for Altcoins. However, because the number of Altcoins is too much, the cash flow will be circulated between them, so actively accumulate Altcoins and wait for their turn to pump. At this time, we must always prepare a reserve in case something bad happens and will buy at a lower price if possible.
💟 Market Health (October-24) The market is still doing quite well and the positive signals are present on most of the Altcoins. We can continue to accumulate during this period as we are at the bottom of a new bull run. Don't miss the chance!
Alpaca Finance is a lending protocol on Binance Smart Chain (BSC) that enables leveraged yield farming. The platform helps users to earn stable yields on their crypto assets and offers undercollateralized loans to borrowers for leveraged yield farming.
ALPACA is the native utility token of the platform and has the following current and future use cases:
Performance fee sharing: Several mechanisms helps to distribute the platform performance fees and make ALPACA a deflationary token. The performance fees on yield farming vaults are distributed to ALPACA lending depositors, and a proportion of the lending interest goes towards a buyback and burn mechanism of the ALPACA token.
Governance: ALPACA token holders will be able to create improvement proposals and vote on platform governance issues.
Exclusive NFT access: The platform aims to integrate NFTs, and provide access to the ALPACA tokens holders and the NFT holders. This may include exclusive real-world items such as Alpaca Finance merchandise.
The protocol consists of the following major components working in conjunction:
Vault strategies: Alpaca Finance deploys vault strategies to achieve the highest possible yields for their depositors. Some features of the vault strategies include flexible deposits, automatic staking, and continuous auto-compounding.
Interest bearing tokens (ibTokens): Users may deposit assets on the platform lending pools, and receive Interest Bearing tokens (ibTokens) in return. The ibTokens helps to keep track of the user's deposits and any interest earned. The balance is proportional to the stake in the lending pool, and interest accrued at every block.
Grazing range: Users may further deposit Interest Bearing Alpaca (ibALPACA) in the grazing range to earn additional staking rewards paid in tokens from other projects.
Oracle guard: A platform mechanism to protect users from oracle exploits. Oracle guard goes into protection mode. This consists of disabling liquidations, opening and closing positions, and adding collateral; in order to protect users from trading at bad prices and taking a loss.
Alpaca Finance is a fair launch project with no pre-sale, no investors, and no pre-mine. Note that 8.7% of the distributed tokens will go towards funding the project development and team expansions.
As at August 11th 2021, the total supply of ALPACA is equal to current circulating supply of 141,603,872 (~75.3% of 188,000,000 maximum token supply).