Fellow Binancians,
Binance will list Alpaca Finance (ALPACA) and Harvest Finance (FARM) in the Innovation Zone and will open trading for ALPACA/BTC, ALPACA/BNB, ALPACA/BUSD, ALPACA/USDT, FARM/BTC, FARM/BNB, FARM/BUSD and FARM/USDT trading pairs at 2021-08-11 08:00 AM (UTC).
- Users can now start depositing ALPACA and FARM in preparation for trading
- Withdrawals for ALPACA and FARM will open at 2021-08-12 08:00 AM (UTC)
Note: The withdrawal open time is an estimated time for users’ reference. Users can view the actual status of withdrawals on the withdrawal page.
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.
Reminder:
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.
Before being able to trade in the Innovation Zone, all users are required to visit the web version of the Innovation Zone trading page to carefully read the Binance Terms of Use and complete a questionnaire as part of the Initial Disclaimer. Please note that there will not be any trading restrictions on trading pairs in the Innovation Zone.
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 token.
Details:
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins but will not be responsible for your trading losses.
Thanks for your support!
Binance Team
2021-08-11
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
