Alpaca Finance 2.0Micro-cap

Alpaca Finance 2.0 receives a C risk grade (47/100) from Hindenrank, where lower scores indicate lower risk. Elevated risk — functional lending protocol undermined by announced shutdown, token delisting, and uncertain future maintenance. Alpaca Finance 2.0 is the V2 money market on BNB Chain offering over-collateralized lending with leveraged yield farming up to 6x. However, the parent protocol announced a full shutdown by end of 2025, and the ALPACA token was delisted from Binance. While $12M remains in TVL, the protocol's future operational support is highly uncertain.

The key risks identified for Alpaca Finance 2.0 are: (1) The parent protocol announced shutdown by end of 2025 and ALPACA was delisted from Binance — operational continuity is uncertain (2) Leveraged yield farming up to 6x means positions can be liquidated rapidly during downturns with potential total loss (3) Without ongoing team maintenance, oracle feeds and risk parameters may become stale, increasing bad debt risk

Alpaca Finance 2.0 scores 47/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 7/20, Oracle Surface: 5/10, Documentation Gaps: 4/10, Track Record: 15/15, Scale Exposure: 3/10, Regulatory Risk: 3/10, Vitality Risk: 7/10. The highest risk area is Track Record at 15/15.

Among 90 rated Lending protocols on Hindenrank, Alpaca Finance 2.0 ranks #81 by safety (lowest risk score = safest). Its 47/100 risk score and C grade place it among the riskier Lending protocols.

Alpaca Finance 2.0 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.