Alpaca has announced the launch date for its new product, a Perpetual Futures Exchange. The launch is set for Thursday, March 9th, 2023. Alpaca revealed the key details of the launch in a recent announcement.
The Perp product will undergo a two-week beta (soft) launch phase, starting from March 9th to March 22nd. During this period, Alpaca aims to give users the opportunity to try out the product and collect feedback. Alpaca's team will then use the feedback to make any necessary changes before the full-scale launch.
Alpaca's Perp product will allow up to 50x leverage trading, supporting market, limit, stop entry, stop loss, and take profit orders. Other functionalities available at launch include deposit/withdrawal liquidity to the $ALP pool, staking $ALP tokens for ALPACA incentive rewards, swapping between the five assets in the $ALP pool, flash loan, and a referral program.
Alpaca Finance is the largest lending protocol allowing leveraged yield farming on BNB Chain and Fantom. It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.
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