Alpaca Finance

DeFi

when

Alpaca

Mode

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Binance Futures launches ALPACAUSDT Perpetual Contract later today.</li> 
 <li>The Perpetual Contract will have up to 75x leverage.</li> 
</ul> 
<p>In an official announcement, Binance revealed that to expand the list of trading choices offered by Binance Futures and boost users’ trading experience, the platform will launch the ALPACAUSDT Perpetual Contract today.</p> 
<p>The launch will take place at 10:30 (UTC) and the Perpetual Contract will have up to 75x leverage.</p> 
<h2 id="details-about-alpacausdt-perpetual-contract">Details About ALPACAUSDT Perpetual Contract</h2> 
<ul> 
 <li>The underlying asset is Alpaca Finance (ALPACA).</li> 
 <li>The settlement asset is USDT.</li> 
 <li>The tick size is 0.00001.</li> 
 <li>The capped funding rate is +2%/-2%.</li> 
 <li>The funding fee settlement frequency is every four hours.</li> 
 <li>Maximum leverage is 75x.</li> 
 <li>The multi-asset mode is supported.</li> 
</ul> 
<p>The funding fee settlement frequency is every four hours starting at 12:00 (UTC), August 22, until 00:00 (UTC), August 23.</p> 
<p>Other important details that Binance revealed in their <a href="https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-alpaca-perpetual-contract-with-up-to-75x-leverage-f8b2f7930f6149f29a6dbc3452da0820?hl=en" rel="nofollow noopener" target="_blank">official announcement</a> state that based on market risk conditions, the exchange may adjust the specifications of the Futures contract mentioned above from time to time.</p> 
<p>These specifications include the following:</p> 
<ul> 
 <li>Funding fee</li> 
 <li>Tick size</li> 
 <li>Maximum leverage</li> 
 <li>Initial Margin</li> 
 <li>Maintenance margin requirements</li> 
</ul> 
<p>Also, <a href="https://crypto.ro/en/exchange/binance/">Binance</a> noted that the Multi-Asset Mode allows users to trade the ALPACAUSDT contract across multiple margin assets. For instance, when the Multi-Asset Mode is activated, users can use Bitcoin (BTC) as a margin when trading the Perpetual Contract mentioned above.</p> 
<p>Also, the Perpetual Contract is subject to the Binance Terms of Use and the Binance Futures Service Agreement.</p> 
<h2 id="what-is-alpaca-finance-alpaca">What is Alpaca Finance (ALPACA)?</h2> 
<p>Alpaca Finance is a lending protocol in the DeFi sector, mainly focusing on leveraged yield farming. This operates on the BNB Chain and Fantom, offering a platform where users can engage in yield farming with leverage.</p> 
<p>This means that users can borrow funds to increase their investment in yield farming, which can potentially boost their returns.</p> 
<p>The ALPACA token is used for governance, staking, and earning rewards within the platform.</p>

Binance Futures Launches ALPACAUSDT Perpetual Contract Today

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