The PENGU Spot ETF is the first NFT-based crypto ETF application, as Canary Capital aims to merge NFTs and DeFi—will the SEC approve this groundbreaking move

January 2024 marked a pivotal point in the crypto industry: the US Securities and Exchange Commission (SEC) approved a bunch of 

 (ETFs) after a decade of resisting it. Later that year, several Ethereum (ETH) Spot ETFs were also approved. These early successes encouraged investment funds focused on digital assets to seek approvals for other 

 (AVAX) and other high-cap cryptos have ended up on the SEC's desk in recent months.

Until Mar 20, 2025, one thing had never occurred: an 

-based crypto ETF application. Such a move was thought to border on impossibility, given how stringently and at length the SEC evaluated ETF applications even for established fungible cryptos. And yet, the Canary Capital investment manager submitted an application to the SEC for approval of the first NFT-focused crypto ETF product, the PENGU Spot ETF, triggering a mini-revolution in the emerging space at the junction of crypto and traditional finance.

If approved, this ETF will be the first of its kind in the industry, based on a mix of 

. Many observers expect Canary Capital to struggle mightily for SEC endorsement of its revolutionary product. Nevertheless, the SEC now has a track record of approving crypto ETFs — which raises hopes for both the altcoin ETFs mentioned above and the PENGU Spot ETF application.

The PENGU Spot ETF is a proposed exchange-traded fund (ETF) product introduced by the Canary Capital investment management firm, and is currently awaiting approval by the SEC. 

 on Mar 20, 2025, making this the first crypto ETF product with an NFT component that’s vying for the approval of America's primary financial regulator. The ETF has been registered in the US state of Delaware.

The Pengu Spot ETF's portfolio is envisioned as consisting primarily of PENGU tokens that will make up anywhere between 80% and 95% of total assets held, with the rest allocated to Pudgy Penguins NFTs. Small portions of Solana's SOL coins and Ethereum's ETH tokens will also be included in order to facilitate transactions and liquidity support, as PENGU tokens are mainly issued on the Solana blockchain, and Pudgy Penguins NFTs are an Ethereum-based collection. 

Since Canary Capital will hold these assets and periodically rebalance the portfolio, gas fee payments on Solana and Ethereum will apply, with fees paid in SOL and ETH, respectively.

Launched in 2021 on Solana, the Pudgy Penguins NFT collection consists of 8,888 items, each depicting a cute penguin with a distinct combination of five different traits. In December 2024, the project introduced a related fungible cryptocurrency, the Ethereum-based PENGU token. As of Apr 2, 2025, PENGU is a smaller-cap asset, ranked 191st in the crypto market, with a total 

 of $319 million. In contrast, Pudgy Penguins are among the leading projects in the NFT space, ranked second among all NFT collections, with a market cap of $155 million.

Canary Capital's application to the SEC is unique in two ways: it’s the first ETF with an NFT component, and it marks the first time ETF approval has been sought for a relatively smaller-cap cryptocurrency, PENGU, which isn’t even among the top 100 crypto assets by market cap. All of the other crypto ETF applications approved by the SEC (or currently vying for approval) are based on high-cap, leading assets that are typically ranked within the top 30.

As of Apr 2, 2025, the SEC has had the application for the PENGU Spot ETF application for just two weeks. The regulator has up to 240 days to review such applications, although historically, the SEC has pondered over crypto ETF applications for years. Now, however, the string of Bitcoin and Ethereum Spot ETF approvals in 2024 raises hopes that newer submissions may be subject to an already established evaluation framework — and thus greenlighted much faster.

At the moment, the SEC is also considering spot ETF applications for several high-cap cryptocurrencies, including Dogecoin, Solana, Polkadot, 

 (XRP). If the regulator decides to approve the applications in batch mode — all or several at once — Canary Capital will have reason to hope that its ETF is included.

However, there's been skepticism regarding the PENGU Spot ETF application, with some analysts believing that its chances might differ from those of the larger, more established altcoin ETFs. This isn't surprising, as a PENGU Spot ETF would be a distinct product, being the first NFT-focused ETF. In addition, NFTs have more limited liquidity than fungible cryptocurrencies. 

NFTs may also be harder to valuate objectively. The prices of fungible cryptos are easily sourced from the crypto market, where supply and demand establish their value. In contrast, the limited liquidity and uniqueness of NFTs makes it much harder to price them efficiently.

Moreover, the PENGU token — which will make up most of the proposed ETF — isn't among the most traded assets in the crypto market. Because PENGU has a modest position in the crypto space (along with its origins as a 

), the SEC could view it with more skepticism than it does the leading altcoins.

Naturally, all these factors are just speculation at this point, and we’ll need to wait on the SEC’s initial comments regarding the first NFT-based ETF under their consideration in order to form a more defined view of the product's prospects for approval.

Current impact of the PENGU Spot ETF application on the crypto market

The news of the PENGU Spot ETF application has so far had no appreciable impact on the price of the PENGU token itself. On the day of the application (Mar 20, 2025), the token was trading at around $0.007. Two weeks later, it's still hovering around the same price. 

On the other hand, there's been a modest increase in the average price of Pudgy Penguins NFTs traded on the market: between March 20 and 28, the average price rose by 16% from around $16,450 to $19,120, though it has since retraced slightly to $17,490 as of Apr 2.

Given the modest price effect, investors are likely still cautious about the chances for the PENGU Spot ETF's approval.

However, if it is approved, the broader impact on the crypto market could be far-reaching, as such a step would signify the SEC's openness to both NFT-based ETFs, and ETFs made up of smaller-cap cryptocurrencies, including meme coins. The number of tokenized asset funds that offer NFT-based products would then be likely to increase significantly, facilitating mainstream NFT adoption within traditional financial markets.

An SEC approval of the PENGU Spot ETF may lead to a flurry of further ETF applications based on NFTs in some form. This could even include the first ETFs composed entirely of NFTs. Other crypto asset types — e.g., 

 (RWAs) — may also become candidates for the SEC’s consideration. Furthermore, in the unlikely event that Canary Capital’s PENGU Spot ETF were to be approved ahead of the altcoin spot ETFs currently in the SEC’s pipeline, it would send a very strong signal that those ETF applications are also a sure bet.

The current PENGU Spot ETF application is a pioneering event that may open up opportunities for NFT ETFs and other crypto ETFs based on partial NFT holdings. Although the SEC approved multiple Bitcoin Spot ETFs in early 2024, few people expected an NFT-based ETF to emerge so soon afterward. Probably even fewer expected a meme coin–based ETF to be taken seriously by the SEC. Unique in so many ways, the PENGU ETF flips the entire concept of traditional ETFs on its head.

Canary Capital's attempt to get approval for an NFT-backed ETF is truly a bold undertaking, though observers said the same thing about 

 just a few years ago. Someone needed to become a trailblazer in this area — and Canary Capital has taken up the noble role without hesitation. Now, all eyes are on the SEC as it prepares to weigh in on a product it has never before encountered.

Intermediate

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PENGU Spot ETF: A bold move for NFT investing — or just hype?

In this article, we break down what to expect from Liberation Day and how it could shape the outlook for equities, the US economy and crypto markets.

 April 2, 2025 as "Liberation Day" — a moment he claims will restore America's trade fairness through sweeping reciprocal tariffs. With few concrete details confirmed, global markets remain on edge. Investors are bracing for the economic fallout of a potential trade war, and crypto traders are watching closely to assess the impact on digital assets. In this article, we break down what to expect from “Liberation Day” and how it could shape the outlook for equities, the US economy and crypto markets.

Since returning to the White House in January 2025, President Trump has prioritized reshaping US trade policy with a renewed focus on tariffs. His administration has already announced 

 on all steel and aluminum imports. Many of these actions take effect this week, coinciding with his so-called Liberation Day.

Trump argues that tariffs are a necessary tool to reduce the US trade deficit and force foreign nations to stop what he calls "economic warfare" against the American worker. Treasury secretary Scott Bessent 

 countries with persistent trade surpluses — dubbed the 

 — as primary targets for reciprocal tariffs. These include China, the EU, Canada and Mexico.

However, critics point to the growing risk of a global trade war, with multiple partners already threatening or initiating retaliatory measures. Goldman Sachs recently 

, citing declining business confidence and mounting economic uncertainty. The tariffs, designed to protect US industries, could instead raise prices and weigh on consumer spending.

What to expect from Trump's ‘Liberation Day’ announcement

Trump is expected to reveal his tariff plans in a Rose Garden press conference on April 2. White House press secretary Karoline Leavitt 

 that the president would impose tariffs on "any country that has treated the American people unfairly" — though no nation-specific exemptions have been confirmed. Trump has promised these reciprocal tariffs will be 

While final details remain under wraps, proposals have included both country-wide and sector-specific tariffs. These could range from uniform, percentage-based levies to targeted charges on industries like pharmaceuticals, semiconductors and autos. Trump's advisers, including Trump trade adviser Peter Navarro and commerce secretary Howard Lutnick, claim the new tariffs could generate over $600 billion annually — though many economists dispute this figure.

Delayed tariffs on Canadian and Mexican imports, 

 in early March, are also set to take effect this week. These include taxes on agricultural products, energy goods and automotive components. Trump has also 

 a 25% tariff on imports from countries that purchase oil or gas from Venezuela.

Given the administration's conflicting signals in recent weeks, there's a wide range of potential outcomes. Whether “Liberation Day” ushers in immediate enforcement, additional delays or future negotiation rounds remains to be seen. For now, uncertainty reigns.

Potential impact on the US economy and global markets

Economists warn that broad-based tariffs could lead to slower US growth, higher consumer prices and widening inequality. Goldman Sachs now 

 Trump's trade policies to reduce annual GDP growth to 1.5% from 2%, while the odds of a recession are being raised from 20% to 35%.

Global equity markets have already shown signs of stress. European and Asian indices dipped ahead of “Liberation Day,” while the S&P 500 and Nasdaq-100 

 in March (respectively). Auto manufacturers, tech firms and retailers could be especially vulnerable if tariffs disrupt global supply chains.

There's also the question of the Federal Reserve's response. With inflation risks rising, policymakers may hold off on anticipated rate cuts, further complicating the economic outlook heading into Q2.

How will ‘Liberation Day’ affect the crypto industry?

Crypto markets have mirrored broader risk sentiment over the past quarter, with investors reducing exposure amid macroeconomic turbulence. As of April 1, the 

 is down 16.9% year-to-date. Bitcoin has fallen 10.48%, Ethereum 44.2% and Solana 33% — despite reaching new highs in January on hopes for pro-crypto policies from the Trump administration.

Investor optimism has since cooled as recession risks, inflation concerns and policy unpredictability drive a risk-off mood. Bitcoin dipped to $81,656 over the weekend, marking its weakest Q1 since 2018. Traders remain cautious ahead of “Liberation Day,” awaiting clarity before opening new positions.

“Liberation Day” could further weigh on crypto prices if market volatility increases and capital rotates out of risk assets. However, some analysts believe any resulting sell-off may offer an opportunity to 

 — especially if Trump follows through on crypto-friendly regulation later this year. For now, though, many eyes are on April 2.

With details still unknown, the crypto market remains in a "wait-and-see" phase. “Liberation Day” could mark a turning point — for better or worse — depending upon the scope and execution of Trump's tariff agenda.

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Trump's 'Liberation Day': What it means for crypto markets

Grayscale has filed to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). 

Daily top performer — Compound Finance (COMP)

The S&P 500 rose 0.38% as investors awaited new tariffs amid weak factory data and declining job openings. Gold eased to $3,113 after hitting a record high, driven by profit-taking ahead of Trump's tariff announcement, but remains strong due to safe-haven demand and economic uncertainties. The Coindesk Indices, which tracks the broader crypto market, are up by 1.30%, with Bitcoin and Ether are up 3.10% and 5.19%, respectively, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is COMP, up 14.3%, following the proposal for the creation of a foundation to ensure consistent leadership and coordination by Compound.

Compound Finance (COMP), launched in September 2018, is a DeFi lending platform that allows users to earn interest on crypto assets. Built on smart contracts, it adjusts interest rates based on supply and demand, connecting lenders and borrowers without intermediaries. In June 2020, Compound decentralized with the launch of COMP and full governance transfer. However, it lacks a core operational pillar. With Compound v4 development and increased community engagement, the need for consistent leadership has grown. To address this, Compound Labs 

 creating a Compound Foundation for structure, clarity, and coordination, similar to other ecosystems like Uniswap.

Check out the latest prices, charts, and data of 

 to convert its private Digital Large Cap Fund, which includes Bitcoin, Ethereum, XRP, Solana, and Cardano, into a publicly available exchange-traded fund (ETF). The fund, which currently holds 79.4% Bitcoin and 10.69% Ethereum, has grown by 478.83% since its launch in 2018. The conversion would allow everyday investors to access the crypto market, covering about 75% of the digital asset market cap. If successful, it would eliminate the current barrier that restricts access to accredited investors. The filing is still in progress, with management fees and other details pending.

Yesterday, BTC spot ETF had a total outflow of $157.8 million, with GBTC seeing a loss of $10.1 million and non-GBTC products losing $147.7 million.

 that its airdrop might be approaching, with a claim page now live. Registration for the airdrop runs from April 2 to April 17, and claims are expected to open on April 22. However, nothing has been officially confirmed yet. Stay tuned for updates.

Beginner

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Grayscale files to convert digital large cap fund into publicly accessible crypto ETF

In this guide, we'll dive into how to trade crypto with the Bybit app, a convenient and feature-rich platform. Explore spot and derivatives trading for beginners on the Bybit app.

Welcome to our step-by-step guide on trading using the Bybit app. In this article, we’ll walk you through everything you need to know — from downloading the app and setting up your account to executing spot, margin and derivatives trades. Bybit is a leading cryptocurrency exchange that offers a fully localized and user-friendly mobile experience, making it easy for both beginning and seasoned traders to manage their investments seamlessly.

First, download the Bybit app from the App Store (iOS) or Google Play (Android). Once you’ve installed the app, open it and select your preferred language.

 and register using your email address or phone number. Complete the verification process by submitting your mainland Chinese ID or passport as required. This step is crucial to ensure your account is secure, and to unlock higher withdrawal limits.

After verifying your identity, head over to the 

 tab to fund your account. You can directly deposit cryptocurrencies like BTC or USDT. Our 

 (UTA) streamlines fund management, allowing you to trade seamlessly across different markets without the hassle of multiple wallets.

Spot trading with Bybit lets you buy or sell cryptocurrencies at current market prices with immediate settlement.

To begin, log in to the app and tap on the 

Choose your desired trading pair, such as BTC/USDC or ETH/USDT, from the list.

 lets you specify a price at which you want to buy or sell. 

Enter the amount you wish to trade, review the details and confirm your order.

Once your order is executed, monitor its status in the 

Bybit has an intuitive interface that displays real-time updates, so you can track your trades anytime with ease. 

How to execute a spot margin trade with the Bybit app

For traders looking to leverage their positions, Bybit offers a spot margin trading feature that allows you to borrow funds to increase your buying power. Start by logging into your account and tapping on 

Choose a trading pair, such as ETH/USDC, which supports margin trading with leverage options of up to 10x. 

Once your trading pair is selected, you’ll need to select the margin amount (e.g., 

 at which you want your limit order to execute.

You’ll also see several other important metrics, such as 

Enter the amount you wish to trade, and then carefully review all of the details.

After confirming your order, your margin trade will be executed. You can track your position in the 

 tab, where you can also set up stop-loss or take-profit orders to manage risk. 

How to trade derivatives with the Bybit app

Bybit also offers derivatives trading, which allows you to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Derivatives include Futures and Perpetual contracts, which can be traded with leverage, sometimes up to 100x.

To start, log in to your account and tap on 

Set your desired leverage (e.g., 50x) and choose between 

 margin modes, based on your risk preference.

 (if using limit or conditional orders) and 

Once you’re satisfied with your parameters, confirm your order and your position will appear in the 

Trading with the Bybit app offers numerous advantages that make managing digital assets both efficient and secure. The platform’s user-friendly design, high-speed execution and comprehensive risk management tools cater to traders of all levels. Our Unified Trading Account (UTA) streamlines fund management by consolidating assets for spot, margin and derivatives trading under one account, which reduces operational complexity and enhances overall efficiency. This streamlined approach lets you focus on strategy rather than logistics.

Additionally, Bybit’s state-of-the-art security measures — such as multi-factor authentication, regular independent audits and cold storage of assets — ensure that your transactions are conducted safely and transparently. With an interface designed to minimize distractions and provide real-time data, you can quickly monitor market movements and adjust positions. 

Our commitment to a secure and reliable trading experience is evident in our continuous improvements and proactive customer support. These features empower you to make informed trading decisions, fostering confidence in your ability to navigate the dynamic crypto market.

Bybit delivers a secure, robust and intuitive mobile platform that simplifies cryptocurrency trading for everyone. In this guide, we’ve explored how to set up an account, fund it and execute various types of trades — spot, margin and derivatives — using a fully localized and user-friendly interface. Our Unified Trading Account and comprehensive risk management tools ensure a smooth trading experience so you can focus on growing your investments.

Looking ahead, Bybit remains dedicated to innovation and excellence in the crypto industry. We continually refine our platform, based on user feedback and market trends, ensuring that you have access to the latest tools and features. Our commitment to transparency and security underpins everything we do as we build trust and empower traders. 

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How to trade with the Bybit app

DeFi

Altcoins

Alpaca Finance is the first leveraged yield farming and lending protocol native to BNB Chain that provides DeFi investors with a wide range of products.

alpaca_finance_workflow.webp

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dauntless-alpies.webp

 is a critical component of decentralized finance (

) in which investors get to lock their tokens and 

 through various yield-bearing opportunities.

While the DeFi ecosystem may be saturated with a wide range of yield farming products, Alpaca stands out as the first platform to offer investors leveraged yield farming via 

, offering them vast multiplying farming opportunities. The platform brings lenders and borrowers together with undercollateralized loans, further maximizing profits.

Initially, Alpaca Finance had focused on leveraged yield farming but has since diversified into more products, such as 

, lending, a Perpetual Futures exchange and Automated Vaults to encompass a wider user base in the crypto space.

Let's take a deeper look at the Alpaca Finance project to see why it's causing such a stir in the world of DeFi.

Alpaca Finance is a novel blockchain-based protocol on BNB Chain that provides DeFi investors with a wide range of products, such as leveraged yield farming opportunities, lending, Automated Vaults, Perpetual Futures exchange and NFTs through a capital-efficient structure that maximizes profits.

Launched in 2021, Alpaca Finance’s first version, AF1.0, focused on its core product, leveraged yield farming, which allowed lenders to earn stable and safe yields while borrowers could access undercollateralized loans.

However, in 2023, Alpaca upgraded its protocol to AF2.0, expanding its offerings to include overcollateralized lending, tiered asset lending, cross-margin leveraged yield farming, multi-token farming and other highly flexible yield-bearing strategies.

Alpaca’s team chose to launch on BNB Chain due to prohibitively rising costs on 

 and the lack of an on-chain leveraged yield farming protocol in the popular ecosystem. The project held a fair launch with no investors, pre-mining or pre-sales. Those who help bootstrap its ecosystem are rewarded using the platform's economic and 

In its efforts to expose DeFi enthusiasts to numerous opportunities, Alpaca Finance offers a broad suite of products tailored to ensure simple, profitable and capital-efficient investing.

The platform concentrated on leveraged yield farming and lending for its first version, AF1.0. However, Alpaca has since upgraded to AF2.0 to include more products. With the move to AF2.0, Alpaca Finance announced it would be sunsetting its stablecoin, Alpaca USD (AUSD), and users would need to swap to 

The following are Alpaca’s core products.

Alpaca Finance launched into DeFi by offering a unique product missing on BNB Chain, namely leveraged yield farming. This product lets users enter into leveraged yield farming positions with an 

 of up to six times their capital. The three main components of Alpaca’s leveraged yield farming product are lenders, yield farmers and liquidators.

Lenders deposit their assets into Alpaca’s lending vaults to create safe and stable yields from the fees generated by the leveraged positions. Yield farmers can then borrow from these lending vaults and use the borrowed assets to open leveraged farming positions for farming yields of up to 6x (the mechanics of the process are powered by Alpaca’s 

The liquidator then helps to monitor the health of all the leveraged positions based on designated parameters. Should the position exceed these parameters, the liquidator will proceed to liquidate the position and earn a 5% reward. Fully 100% of the rewards earned go to ALPACA buyback and burn, ensuring that token holders still gain from the appreciating value of their ALPACA tokens even as their positions are liquidated.

Currently, leveraged yield farming supports BNB, ALPACA, CAKE, ETH, 

. In order to facilitate this product, Alpaca has integrated with 

Alpaca’s Lend product provides another profit-making strategy. You can lend your assets to sustainably earn high yields, since Alpaca's innovative technology empowers borrowers with remarkable capital efficiency, enabling them to open undercollateralized loans for yield farming. The deposited tokens aren’t locked, and no deposit and withdrawal fees are charged, giving lenders flexibility and assurance.

Once you make your crypto assets available to borrowers, you'll receive Alpaca's ibTokens (interest-bearing tokens), which represent and track your share of assets that you've deposited into the lending pools. Once you deposit BNB into an Alpaca lending pool, you'll then receive ibBNB tokens, which will then earn interest over time. The longer you hold your ibTokens, the more valuable they become.

Automated Vaults (AVs), an innovative product on Alpaca, execute complex investment strategies on your behalf. Think of the AV as a hedge fund that’s on-chain. AVs on Alpaca run according to either of the following plans:

Alpaca's AVs have gone through two versions and are now on the third, AVv3, which integrates concentrated liquidity from decentralized exchanges (

. Some of the key features of AVv3 include variable leverage, exclusively on-chain transactions, auto-hedging, auto compounding, zero liquidation risk, modular design (compared to AVv2) and no lockups.

Governance Vault is a model designed to incentivize users to lock up their ALPACA tokens where they receive xALPACA tokens, which qualify them for rewards and voting power. The model design was forked from 

 governance structure. You may lock your tokens for a minimum of seven days up to a maximum of one year. The longer you lock them, the more xALPACA tokens you'll earn. Rewards are distributed weekly.

Alpaca's Perpetual Futures exchange allows investors to open trading positions with no expiration date. Rather than your position expiring, you continue to pay fees to keep it open. Such a design saves you the cost and hassle of rolling over a position upon expiration.

It also ensures responsive hedging, since you can swiftly adjust the position depending upon the market. Another significant benefit of this “perpetuity” is that it aggregates deep liquidity, which provides high leverage even for large trading positions.

Alpaca's Perpetual Futures exchange comprises traders and liquidity providers. As a trader, you can open high leverage of up to 50x for long/short positions without 

 at a minimal cost, and with no centralization risk.

, on the other hand, provide liquidity through an index fund consisting of major cryptos, such as BNB and ETH, and stablecoins like 

. In return, you'll earn yields from various fees, such as those collected from borrowing, swapping and liquidity pool deposit/withdrawal. Of the 16% fees generated, 10% is used to buy back ALPACA tokens and distributed as rewards to users who have staked in the Governance Vault, while 6% goes to weekly buybacks and burns.

Alpies is a collection of 10,000 Alpaca NFTs available on BNB Chain and Ethereum. There are two types of Alpies: Dauntless (for BNB Chain) and Dreamers (for Ethereum). These NFTs can be bridged between the two chains and traded on NFT marketplaces such as 

. Twenty percent of the sales proceeds from Alpies are given to ALPACA holders to facilitate the token’s buyback and burn program. Meanwhile, 5% of the proceeds are donated to charities working with actual alpacas.

ALPACA is the native token of the Alpaca Finance platform. It entered the market as a fair launch project in 2021 with a maximum supply of 188 million tokens.

Of the total ALPACA supply, 87% was distributed to Alpaca users, 8.7% vested by the team for two years and 4.3% allocated for future strategic expenses. ALPACA acts as both a governance token to give holders voting rights, and as a 

 for fees to facilitate the platform's buyback and burn program.

ALPACA features a long-term deflationary design whereby the number of tokens distributed decreases over time, leading to an increase in value. Furthermore, ALPACA’s buyback and burn program also increases the price of the token over time by creating scarcity

As of Oct 19, 2023, ALPACA’s price was $0.16, a 98.21% drop from its all-time high (ATH) of $8.78 and a 23.97% increase from its ATL of $0.13.

Price forecasting experts are relatively bullish on the ALPACA token. According to experts at PricePrediction, 

 $0.51 by 2025 and increase to a maximum of $3.52 in 2030. Meanwhile, DigitalCoinPrice is 

, forecasting the token could reach $0.57 in 2025 and increase to $1.65 in 2030.

Alpaca Finance has already created a name for itself in the leveraged yield trading niche in DeFi. As a pioneer in this sector, Alpaca has a strategic advantage for investors looking to diversify their portfolio. Its numerous yield-bearing products provide a wide spectrum of investment options designed for capital-efficient implementation.

Furthermore, the upgrade from AF1.0 TO AF2.0 increases options for investors. The newest version diversifies investment baskets to include more products like the Perpetual Futures Exchange and Governance Vault, and also introduces over-collateralized debt, which contributes to improved risk management. Additionally, Alpaca keeps innovating and refining its products, as witnessed by the revamp of its Automated Vaults to attract more DeFi users.

ALPACA’S deflationary tokenomics, via its buyback and burn design, will ensure that the token remains scarce. This could further drive up its price over time.

Based on these considerations, we believe that Alpaca Finance is a potentially profitable project and could prove quite valuable in the future. However, this isn’t financial advice. We highly recommend that you 

You can buy ALPACA tokens on Bybit’s exchange as a USDT perpetual contract (

). Simply sign up on the platform, register, get verified and start trading ALPACA, along with many other cryptocurrencies.

DeFi enthusiasts’ needs are dynamic. Alpaca Finance has designed a unique angle to cater to these needs and aims to be the largest lending protocol in the space. Even as the fast-paced world of DeFi continues to evolve, Alpaca Finance has kept up by diversifying from leveraged yield farming and lending to providing a wide range of products that include Automated Vaults and a Perpetual Futures exchange.

Whether you’re a yield farmer, lender or liquidity provider, Alpaca Finance provides a safe and lucrative way for you to put your tokens to good use. 

Alpaca Finance (ALPACA): Maximizing Profits for Lenders and Borrowers

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards