$ALPACA the token for Alpaca Finance, a decentralized finance (DeFi) platform built on the Binance Smart Chain. Alpaca Finance specializes in leveraged yield farming, allowing users to increase their farming positions by borrowing additional assets. This can lead to higher rewards but also comes with higher risks.

The $ALPACA token serves multiple purposes within the platform:

1. Staking: Users can stake $ALPACA to earn additional rewards.

2. Governance: Holders can vote on protocol changes and upgrades.

3. Incentives: It is used as a reward for users who participate in yield farming or provide liquidity to the platform.