Topic: Do you think Alpaca Finance is safe? (Read 269 times)
I knew Alpaca finance for a while now and at one point in time I added the project to the list of coins I will be buying soon but the APY of a thing turned me off and I remove the project from my list, I don't want something for a short term where I will have to keep looking out for the project, no, I want valuable coins that I can hold and be able to sleep with my two eyes closed.
I've been looking into it for some time and I hardly say that there is something that might be concerning. The audits are there, the traction and community is there. I think I will make a position or two just to know how it feels to actually use their products. If everything goes well Alpaca Finance seems to be a good place to dock for a bit longer with some portion of the capital.
I think alpaca is a good and promising token coin, I invested in Alpaca since July, because alpaca has skyrocketed and trending on Twitter made me invest, unfortunately until now it hasn't passed ATH which happened in March and I still lose about 14% if I sell now so I'll hold on for at least another 2 months.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
I think their platform is safe. I've seen some audits of their project and also they are listed on Binance. Though the platform itself has a good business model for yield farming, risk is always inevitable. Just used funds you are okay to risk since everything can be exploited no matter how secure or tight their defense. 
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Until now, I am still looking for the strength of alpaca evidence with the concept of farming leverage. I don't know the details yet. but it's different when talking about alpaca coins for investment or for other things I think it's safe. Since it is listed on a big exchange like Binance, we just need to manage and manage the alpaca coin properly.
You have to be extra careful before you start investing in every new project they work on, first you have to see if they have a strong team, of course you have to research if the project is high risk or otherwise, I'm not saying that alpaca is an investment bad to unsafe.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Do you mean this one?https://coinmarketcap.com/currencies/alpaca-finance/
I am not sure to say it is legit or not. Moreover, this is a new project and it is still at Rank #1263
Every new project always offers some interesting thing to make people want to invest in their project. However, what makes it difficult is about the belief in the project istelf. Moreover, if that is a new project.
offering high APY right now becomes one of the ways to attract investors. However, is it legit? It will depend on the project itself. And about Alpaca Finance, I will refer to choose other older projects with a higher rank on CMC for the top coins to invest in. Never only be interested in the coin that gives you high APY because it doesn't guarantee that the coin or token is legit.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
nothing is safe in crypto, if you want to garden usually see apy if it's profitable what's wrong with gardening but if it doesn't fit it's better to hold or sell regularly with thin profits
They have quite huge amount of TVL meaning they are somewhat trusted by the masses but then again no one knows for sure whether this platform gonna be secure within your locking period.
so basically as many people said DYOR, or you can simply ask some people who have experienced staking in that platform maybe in their telegram group.
at least based on this TVL , alot of investors trust to this project. and another factors that make it have possibility to scam need to analize again so we will secure our money from this accident. so basically as many people said DYOR, or you can simply ask some people who have experienced staking in that platform maybe in their telegram group.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
dont focus on huge APY only, you must analize another factors such as developers background in crypto market or usecase. legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
They have quite huge amount of TVL meaning they are somewhat trusted by the masses but then again no one knows for sure whether this platform gonna be secure within your locking period.
so basically as many people said DYOR, or you can simply ask some people who have experienced staking in that platform maybe in their telegram group.
so basically as many people said DYOR, or you can simply ask some people who have experienced staking in that platform maybe in their telegram group.
The higher the risk you take, the greater the profit you can get.
keep dyor when entering high risk investments, high APY will not always stay high, as many users use APY it will be low as needed this is what is called marketing.
keep dyor when entering high risk investments, high APY will not always stay high, as many users use APY it will be low as needed this is what is called marketing.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Never heard of them by just telling they have a huge APY I already know that they are risky, they are DeFi right? well I don't trust such projects, I participated before on those project and stake my money and guess what happen to price? It goes ups and downs dramatically from $60 to $3 and from $3 to $40 this happened in less than 24 hours so I think it's much better if you invest your money to different projects rather than to unknown DeFi or yield farming.
Even a smart contract that is already audited could have security breach and drain people's money, there's no absolute guarantee that something like this is 100% safe but you can ask them technical detail about their smart contract auditing and how their strategy to have that much yield,
if something feels fishy then better stay away, that kind of high yield could be a red flag but if the team could explain clearly how they gonna reach that then it's maybe safe.
if something feels fishy then better stay away, that kind of high yield could be a red flag but if the team could explain clearly how they gonna reach that then it's maybe safe.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Always compare it to other platform that are similar to it, now if they offer the upgraded and secure system, you will try to put your money on it, consider also the APR/APY is they offered a good return or profit compare to other? how about the inflation? they have the concrete solution to cover the high inflation? that is the most common question that we are look upon in someone's project.
Not sure if you are referring to https://coinmarketcap.com/en/currencies/alpaca-finance/markets/
I heard that the project has reached 1 day of launching, the project has achieved a total locked value of up to 700 million USD. And I also think it also received great interest from the participants.
I heard that the project has reached 1 day of launching, the project has achieved a total locked value of up to 700 million USD. And I also think it also received great interest from the participants.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Investing in all types of cryptocurrencies is high risky. And if it is a new coin then it is more risky. So it can never be called safe. High APY doesn't mean you can easily get your initial investments back also. This APY may be high at the start and later on fall down. It depends on how strong the platform is. As I never heard this defi platform, better dig more if the OP is interested on this platform. There are so many defi platforms already and they are offering high APY. But as you noticed, as days passed, their APY is also decreasing. No one can advise you if the platform is safe or not. It is your own assessment that will truly help you in evaluating the platform.
Always DYOR every project you encounter and always put money you're trying to risk and what you can afford to lose. Crypto is a risky place but it's a great place as well to maximize an earning if you get into right projects. It's a double edged sword.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Nothing is safe is crypto, people behind can exit scam, and it is open to the hackers. Of course, there's a lot of competition out there, that's why they are offering huge APY. So better yet DYOR. Or just stick to those yield farming that has somewhat established their reputation in the last couple of years. Big rewards=big risk. So if you are not a risk taker, then better stay out and go for other alternatives, IMHO.
They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?
Investing in all types of cryptocurrencies is high risky. And if it is a new coin then it is more risky. So it can never be called safe. High APY doesn't mean you can easily get your initial investments back also. This APY may be high at the start and later on fall down. It depends on how strong the platform is. As I never heard this defi platform, better dig more if the OP is interested on this platform. There are so many defi platforms already and they are offering high APY. But as you noticed, as days passed, their APY is also decreasing. No one can advise you if the platform is safe or not. It is your own assessment that will truly help you in evaluating the platform.
To tell the truth i didn't know this coin.
Alpaca is one of my favorite animals and i was searching about how much does it cost and it popped up!
I will buy few coins just for the sake of the name and the logo.
Alpaca is one of my favorite animals and i was searching about how much does it cost and it popped up!
I will buy few coins just for the sake of the name and the logo.
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