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Alpaca Finance, Former BNB Chain DeFi Powerhouse, Announces Shutdown

Alpaca Finance, Former BNB Chain DeFi Powerhouse, Announces Shutdown

Coindesk
Author:
Coindesk
Release Time:
2025-05-27 08:22:55
0

Alpaca Finance, Once a DeFi Giant on BNB Chain, Will Shut Down

Once a dominant force in decentralized finance on BNB Chain, Alpaca Finance is winding down operations—proving even yield farming giants aren’t immune to crypto’s Darwinian ecosystem.

The protocol, which peaked at over $1 billion TVL during DeFi’s 2021 heyday, couldn’t sustain its model as bear market realities set in. Another cautionary tale about unsustainable APYs and merciless protocol lifespans.

BNB Chain’s DeFi landscape just lost a foundational player. Who’s next? (We’re looking at you, overleveraged lending protocols.)

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