Alpaca Finance, a once-prominent player in the DeFi ecosystem, has officially announced it will begin shutting down all of its operations.
In a statement shared via social media, the team revealed that the decision came after “extensive internal deliberation and a thorough evaluation of possible paths forward.”
The team described the move as incredibly difficult but ultimately the most responsible step to “safeguard our community and ensure a graceful and secure wind-down.”
From BNB Chain Leader to Farewell
Alpaca Finance was widely recognized as one of the leading protocols on the BNB Chain, helping define leveraged yield farming during DeFi’s formative years. The team reflected with pride on their accomplishments and emphasized that their success was only made possible by the consistent support of their community.
Community Thanks and Next Steps
In the farewell note, Alpaca Finance expressed gratitude to its users: “Thank you for believing in us, farming with us, and sticking with us through the highs and lows.” Users are encouraged to reach out with any questions regarding the wind-down process, with further updates to be shared through official channels.
“It’s been an honor,” the team concluded — marking the end of an era for one of BNB Chain’s pioneering DeFi platforms.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/top-bnb-protocol-winds-down-operations/