Alpaca Finance—Former BNB Chain DeFi Titan—Pulls the Plug
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Another ’blue-chip’ DeFi project bites the dust. Alpaca Finance, once a top-tier lending protocol on BNB Chain, is winding down operations—proving yet again that ’sustainable yields’ in crypto last about as long as a meme coin’s hype cycle.
The platform, which once boasted nine-figure TVLs and leveraged yield farming strategies, will shutter quietly—no heroic pivots, no last-minute bailouts. Just another DeFi sunset in an ecosystem where ’long-term’ often means surviving the next quarterly unlock.
Regulatory pressure? Vampire attacks? Or just the cold math of declining fees meeting VC runway? The autopsy won’t matter. The carcass gets added to the graveyard of ’institutional-grade’ DeFi 1.0 experiments.
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