Alpaca FinanceMicro-cap

Alpaca Finance receives a C- risk grade (53/100) from Hindenrank, where lower scores indicate lower risk. Protocol shutdown complete — Alpaca Finance ceased all operations December 31, 2025 following Binance ALPACA delisting. No active user exposure. Alpaca Finance was a leveraged yield farming platform on BNB Chain that allowed up to 6x leverage. It completed a full shutdown by December 31, 2025 after Binance delisted the ALPACA token in April 2025. All positions were auto-closed by June 30, 2025. The protocol is no longer operational.

The key risks identified for Alpaca Finance are: (1) The platform announced shutdown after Binance delisted the token. Remaining deposits face heightened risk from reduced team support and infrastructure maintenance. (2) Farming with up to 6x leverage means a 17% price drop can wipe out your entire position. During market crashes, many positions liquidate simultaneously. (3) If the liquidation bots stop working after the team winds down, underwater positions create bad debt that is socialized across lenders.

Alpaca Finance scores 53/100 across eight risk dimensions: Mechanism Novelty: 0/15, Interaction Severity: 15/20, Oracle Surface: 5/10, Documentation Gaps: 4/10, Track Record: 15/15, Scale Exposure: 0/10, Regulatory Risk: 4/10, Vitality Risk: 10/10. The highest risk area is Track Record at 15/15.

Among 116 rated Yield protocols on Hindenrank, Alpaca Finance ranks #112 by safety (lowest risk score = safest). Its 53/100 risk score and C- grade place it among the riskier Yield protocols.

Alpaca Finance scores 15/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.