Alpaca Finance, a decentralized finance (DeFi) lending protocol on the BNB Chain and Fantom, has announced the gradual closure of its platform and all associated products. The decision, revealed on May 26, comes after what the team described as “extensive internal deliberation and evaluation of future development directions. ” Alpaca Finance Announces Shutdown Launched with no pre-sale, venture capital funding, or pre-mine, Alpaca Finance allowed users to open leveraged positions by borrowing from deposit vaults. However, the protocol has faced mounting challenges recently, culminating in this closure announcement
source: https://beincrypto.com/alpaca-finance-defi-platform-shutdown/