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

Alpaca Finance, once a cornerstone on the BNB Chain and an early leader in leveraged yield farming, will shut down operations by the end of 2025 due to an unsustainable business model amid a more competitive and capital-intensive DeFi landscape.The protocol said Monday that it will begin winding down all products, including its original yield farming platform, automated vaults, and decentralized perpetuals, over the next few months.Front-end access will remain available through December 31, 2025, to give users time to withdraw their assets.“This choice wasn’t made lightly,” the Alpaca team wrote source: https://www.coindesk.com/markets/2025/05/27/alpaca-finance-once-a-defi-giant-on-bnb-chain-will-shut-down