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Alpaca Finance Pulls the Plug: DeFi Protocol Begins Liquidation Process
Alpaca Finance Pulls the Plug: DeFi Protocol Begins Liquidation Process
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Another one bites the dust—Alpaca Finance, the leveraged yield farming platform, is shutting down operations. The team cites ’market conditions’ (read: another DeFi project that couldn’t outrun the bear).
Wind-down mode activated: All positions being unwound, assets returned to users. No heroic last-minute pivot to AI or layer-3 solutions here—just a rare case of actual DeFi accountability.
Pro tip for yield chasers: Maybe don’t name your protocol after an animal known for getting sheared.
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