Last month, we published four Institutional Newsletters where you can read the summary of major headlines in the crypto market related to regulation, products, and fundraising. We publish these newsletters every week. You can check out this month’s editions here: Edition 82, Edition 83, Edition 84, Edition 85, and Edition 86.
Read below for more details of our developments in May.
💎 AF 2.0
In April, Alpaca Finance 2.0’s Money Market generated ~$41k in interest revenue, reaching a total cumulative revenue of ~$484k.
You can monitor the AF2.0 Money Market through our Dune page here.
Bitcoin Pizza Day 2024
To celebrate Bitcoin Pizza Day 2024, the exclusive Bitcoin Pizza Day 2024 NFT was given to all users having BTCB deposited or borrowed by May 22nd, 2024. You can check your eligibility here.
📈 Perpetual Futures Exchange
In May, Alperp generated a trading volume of over $12 million, reaching a cumulative trading volume of $614 million since launch.
You can always check our in-house Stats page to see Alperp’s performance and can also download the data here.
🔥 ALPACA Buyback&Burn
Each week, we share our revenue and ALPACA burn statistics on X (previously Twitter). In May, 324,552 ALPACA (~$55,600) was burned over 4 weeks. The total cumulative burn is now ~34.2 million ALPACA (18.21% of total supply).
ALPACA has been deflationary for 117 of the last 125 weeks. As per the ALPACA emissions schedule, the ALPACA token is now guaranteed to be fully deflationary as ALPACA emissions & rewards are now officially finished. We added extensive details on burn and various sources of burn on our Docs here. On top of that, we hope to again refer our readers to this article by a community member, explaining ALPACA’s deflationary nature and how it will lead to a natural rise of the ALPACA token’s price over time.
🗽 Alpaca Governance
Any user can stake ALPACA in the Governance Vault to (1)earn a share of our platform’s revenue, (2)get Grazing Range rewards, and (3)receive xALPACA to vote on Alpaca Improvement Proposals (AIPs).
In total, 23.8% of circulating ALPACA has been locked, and we have paid over >$4.1 Mn to ALPACA governance stakers. Read all about Alpaca Governance in our Part 1 and Part 2 Medium articles or visit our docs’ Governance section.
Our Discord has a private channel for xALPACA holders where governance members can discuss topics and discover/share alpha. There is a bot automating membership and the minimum required to gain entry is 100 xALPACA in a wallet. From time to time, we do special airdrops from partners (i.e. NFTs) in this channel to xALPACA holders and also Alpies holders (in their respective private channels). You can also bring up any Governance topics for discussion in our Forum.
📰 Other News
In April, BSC All day, BSC deep insights twitter account, mentioned Alpaca Finance in an evaluation of BNB Chain. — https://x.com/BSC_allday/status/1791770731157799185
Feedback
We greatly value our users’ feedback, which you can give at: https://docs.google.com/forms/d/1QGY4wJUvYdYWe6TQn460m0A7H07xMUcBGEnU-pUXyg4/viewform?ts=61e8ce4e&edit_requested=true
Next Steps
We will continue to build. The upcoming updates that you can look forward to include news on the upcoming stablecoin product.
We announce updates on our Twitter first, so follow us to be the first to know!
To learn more about Alpaca Finance, you can visit our official communication channels:
Website · Telegram · Twitter · Discord
May 2024 Recap was originally published in Alpaca Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.
