When did Alpaca Finance (ALPACA) get delisted from BYDFi?

BYDFi delisted the ALPACA/USDT pair effective 23 July 2025 at 10:00 (UTC+8) - nearly two months after Alpaca Finance's team had already announced the protocol's full shutdown, reflecting the project's wind-down rather than an independent BYDFi assessment.

Did Alpaca Finance shut down completely?

Yes. Following the Binance delisting and over two years of operating losses, Alpaca Finance's team announced on 26 May 2025 that it would sunset all products, with the protocol permanently shutting down after 31 December 2025.

Was Alpaca Finance a scam?

No. Alpaca Finance was a genuine, fair-launch DeFi protocol (no VC funding, no pre-mine) that operated for four years before shutting down due to sustained unprofitability and competition, not fraud. The team was transparent throughout the wind-down.

Why did Binance delist ALPACA?

Binance cited declining project activity, compliance and transparency concerns, and shrinking trading volume, without disclosing full specifics. ALPACA also received votes in Binance's community 'Vote to Delist' campaign shortly before the announcement.

What happened to ALPACA's price after the delisting announcement?

ALPACA saw an unusual short squeeze, surging roughly 550-700% within days due to forced short-position covering and a pause in new token issuance, before crashing back down as the rally proved unsustainable.

Can I still get my funds out of Alpaca Finance?

The protocol's front-end access remained open for withdrawals through 31 December 2025, per the team's wind-down plan. After that date, the platform is permanently offline. Check for any remaining official communications if you still hold a position.

Is Alpaca Finance's ALPACA token still tradable?

Any remaining ALPACA trading occurs with severely reduced liquidity across exchanges that haven't delisted it, but with the underlying protocol shut down, the token has lost its functional utility and should be treated as essentially non-operational.

BYDFi is a mid-tier global exchange founded in 2020, also known for its MoonX product. It is a smaller venue than top-tier exchanges, so extra due diligence and prompt action on delisting deadlines are advisable.

What caused Alpaca Finance's decline?

The team cited a more competitive, saturated DeFi landscape favoring large, capitalized players, declining TVL from peak levels, and over two years of operating losses as the core structural reasons, with the Binance delisting as a final catalyst.

What should I do if I still hold ALPACA tokens?

Understand that Alpaca Finance's protocol has shut down. Any position should be treated as effectively wound down - do not expect active yield generation, and be cautious of any site claiming to offer 'migration' or 'recovery' services for old ALPACA holdings, which could be phishing.

Are other DeFi tokens at risk of a similar fate?

Any DeFi protocol depends on sustained revenue and competitive positioning. Alpaca Finance's case illustrates that even established, fair-launch, VC-free projects can fail from prolonged unprofitability - a reminder to assess protocol fundamentals, not just token price, when evaluating DeFi holdings.

Where can I track delisting and listing news for other tokens?

You can follow verified exchange listing and delisting events, including this Alpaca Finance case on BYDFi, on the CoinGabbar crypto exchange listings hub, which tracks dates, pairs and project details across exchanges.

Was BYDFi's delisting timing coordinated with the shutdown?

BYDFi's delisting on 23 July 2025 came after Alpaca Finance's own shutdown announcement, suggesting it reflected the protocol's wind-down status rather than an independent, earlier BYDFi decision like Binance's.

How does Alpaca Finance's case compare to other DeFi shutdowns?

Alpaca Finance's transparent, structured wind-down with advance notice and full withdrawal access stands in contrast to sudden collapses from hacks or fraud. It's a useful case study in a legitimate, if unfortunate, DeFi business closure.

What should BYDFi ALPACA holders specifically check?

Check BYDFi's official delisting notice for any remaining withdrawal deadline specific to their platform, separate from Alpaca Finance's own protocol shutdown timeline, to ensure you don't miss a BYDFi-specific cutoff.

Alpaca Finance Delisting on BYDFi: Shutdown Timeline

Alpaca Finance delisting on BYDFi removed the ALPACA/USDT pair from 23 July 2025, 10:00 (UTC+8) - after the protocol had already announced its full shutdown in late May 2025. This delisting reflects the reality of Alpaca Finance's wind-down rather than an independent BYDFi decision about a still-operating project.

Alpaca Finance Delisting on BYDFi: Snapshot

Detail	Information
Token	Alpaca Finance (ALPACA)
Exchange	BYDFi
Action	Delisting (post-shutdown announcement)
Delisting date	23 July 2025, 10:00 (UTC+8)
Protocol shutdown	Announced 26 May 2025, completed 31 December 2025
Peak TVL	~$1.8 billion (Aug 2021)

Alpaca Finance's protocol has fully shut down (December 2025). Any remaining token holdings should be treated accordingly - be alert to phishing sites impersonating the former platform. Last updated: 12 July 2026.

What Was Alpaca Finance (ALPACA)?

Alpaca Finance was one of the earliest and largest leveraged yield farming protocols on BNB Chain, launched in 2021 with a genuine fair-launch structure - no presale, no VC investors, no pre-mined allocation. At its peak in August 2021, it held roughly $1.8 billion in Total Value Locked (TVL) and offered Lending, Leveraged Yield Farming, Automated Vaults and a Perpetual Futures exchange (Alperp). ALPACA used a deflationary buyback-and-burn model, destroying roughly 18.6% of total supply by April 2025.

Important context: following intensifying DeFi competition, over two years of operating losses, and Binance's delisting of ALPACA on 2 May 2025, Alpaca Finance's team announced the sunsetting of the entire protocol on 26 May 2025. All products were wound down, with front-end access and asset withdrawals available through 31 December 2025, after which the protocol shut down permanently. This is a genuine business closure, not fraud - the team was transparent throughout the process and no user funds were reported lost.

Alpaca Finance Timeline: Delisting to Shutdown

Date	Event
August 2021	TVL peaks at ~$1.8 billion, top-3 protocol on BNB Chain
2022 onward	TVL declines steadily amid intensifying DeFi competition
24 April 2025	Binance announces ALPACA delisting effective 2 May 2025
Late April 2025	Short squeeze drives a ~550-700% price spike; ~$55M in forced short liquidations
26 May 2025	Team announces full sunsetting of all Alpaca Finance products
31 December 2025	Front-end access closes; protocol permanently shuts down

The delisting was a contributing factor, not the sole cause - the team had been operating at a loss for over two years and cited a more competitive, saturated DeFi landscape as the core structural problem.

About BYDFi: Is BYDFi Safe?

BYDFi is a global cryptocurrency exchange founded in 2020, offering spot and derivatives trading plus on-chain tools (MoonX). It is a mid-tier venue that lists a range of newer and meme tokens, including via its listing programs.

As a mid-tier exchange, its independent liquidity and reserve transparency are more limited than top-tier venues, so rely on the live order book and treat headline figures with care. Custody risk applies to any centralised exchange. BYDFi reputation rating: 3/5.

What Should Former ALPACA Holders Know?

Alpaca Finance's protocol is now permanently shut down (as of 31 December 2025).
Any remaining ALPACA token trading occurs with severely reduced liquidity and no active protocol backing it.
Do not deposit new funds expecting active yield farming - the platform is offline.
Be alert to phishing sites impersonating Alpaca Finance's former interface.
This case illustrates that even fair-launch, no-VC DeFi projects can fail from sustained unprofitability.
Never invest more than you can afford to lose in any DeFi protocol.

Red Flags and Cautions

Protocol permanently offline: Alpaca Finance is no longer an active, functioning platform.
Severely reduced liquidity: any remaining ALPACA trading has minimal depth and utility.
Phishing risk: fake sites may impersonate the former Alpaca Finance interface post-shutdown.
Don't confuse this with fraud: this was a legitimate, transparent business wind-down, not a scam.
Structural DeFi lesson: even fair-launch projects can fail from sustained unprofitability.

Glossary

Leveraged Yield Farming

Borrowing capital to amplify returns from providing liquidity.

Fair Launch

A token distribution with no presale, VC allocation or pre-mine.

TVL (Total Value Locked)

The total value of assets deposited in a DeFi protocol.

Sunsetting

Gradually and deliberately winding down a project's operations.

Short Squeeze

Forced buying by short-sellers as a price rises against their position.

Buyback-and-Burn

Using funds to repurchase and permanently destroy tokens.

Disclaimer

This content is for informational purposes only and is not financial, investment, or trading advice. New token listings are highly volatile and speculative; prices can fall sharply after listing and many tokens trade below their listing price within weeks. Token details, dates, pairs, and tokenomics are subject to change - always verify on official exchange and project channels. Always confirm contract addresses from official sources only; fake contracts and copycat tickers are common scam vectors. Cryptocurrency gains may be taxable in your jurisdiction - consult a qualified tax professional where you live. Availability of tokens and exchanges varies by region; readers are responsible for complying with their local regulations. Always do your own research (DYOR). This content follows our editorial independence policy. We do not accept payment to alter editorial assessments.

ALPACA FINANCE ($ALPACA) Delisting On BYDFi Exchange