Alpaca Finance is a decentralised finance (DeFi) platform operating on the Binance Smart Chain (BSC) that enables leveraged yield farming. Launched in 2021, its primary purpose is to maximize profits for liquidity providers by allowing them to borrow assets for higher returns. The system is governed by its native token, ALPACA, which facilitates governance and incentivizes users through yield farming rewards. Alpaca Finance distinguishes itself by offering a user-friendly interface, low fees due to the BSC infrastructure, and robust security measures, making it accessible to both novice and experienced crypto enthusiasts. By focusing on leveraging strategies, Alpaca Finance provides enhanced capital efficiency, enabling users to maximize their yield while mitigating risk through carefully engineered risk management protocols.