Alpaca & Farm will list in coinlocally
Posted on 11th August 2021
Coinlocally will list Alpaca Finance (ALPACA) and Harvest Finance (FARM) in the Innovation Zone and will open trading for ALPACA/BTC, ALPACA/USDT, FARM/BTC, and FARM/USDT trading pairs at 2021-08-11 08:00 AM (UTC).
ALPACA and FARM Listing Fee: 0 BNB.
What is Alpaca Finance (ALPACA)?
Alpaca Finance is a lending protocol allowing leveraged yield farming on Binance Smart Chain. Borrowed assets on Alpaca Finance have to be used within its platform for leveraged yield farming. ALPACA is the native token of the platform and is used for performance fee sharing, earning rewards, network governance and exclusive NFT access.
What is Harvest Finance (FARM)?
Harvest Finance is a yield aggregator platform, which seeks to maximize yield for assets deposited into Harvest vaults across the DeFi ecosystem. FARM is the native token of the protocol and is used for network governance, distributing profits generated to liquidity providers and rewarding users for staking the token.
The Innovation Zone is a dedicated trading zone where users are able to trade new, innovative tokens that are likely to have higher volatility and pose a higher risk than other tokens.
ALPACA and FARM are relatively new tokens that pose a higher than normal risk, and as such will likely be subject to high price volatility. Please ensure that you exercise sufficient risk management, have done your own research in regards to ALPACA’s fundamentals, and fully understand the project before opting to trade the inovation zone.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Coinlocally will make best efforts to choose high-quality coins but will not be responsible for your trading losses.
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