❤️Charity

Web 3.0 is an emerging trend that is taking the power of digital ownership and putting it into the hands of users. This is very different from the state of most internet and mobile technology today. Currently, Web 2.0 tech giants reap tremendous profits from their user-created networks. They then distribute these profits to a small subset of individuals—their employees and shareholders. Thus, one of the distinct differences between Web 3.0 and Web 2.0 is that most of the value Web 3.0 platforms generate from their networks is given back to the users of the networks.

We at Alpaca Finance have closely followed this Web 3.0 ethos by distributing the majority of the value generated within our platform to our users. While banks can easily earn 1% on your savings deposits, they only return 0.1% back to depositors (i.e., banks give 10% of profits to the lender). In contrast, we return 91-96% of the gross revenues generated within our platform to our lenders, borrowers, and token holders.

We do this because we believe our community is the heart of our platform, and that improving the living conditions of more people, and giving back to the world is more important than hoarding individual wealth.

This is also why we pledged 5% of our Alpies sales revenue to charity. We wanted to give back to society, particularly to neglected corners where we can have the most impact.

Our Selection Process

The charities we have chosen are mostly established animal sanctuaries, most of them housing alpacas 🦙. We did not select wildlife animal sanctuaries because they tend to be better funded already. In reality, farming animals comprise the largest percentage of animals that are abandoned and in need of long-term homes. Furthermore, due to a transient commercial boom in alpaca wool 10 years ago, there are many alpacas that have been bred but are no longer commercially viable to support. These alpacas are neglected and ultimately put down, solely due to some farmers' focus on profits over animal welfare (i.e. human greed). In short, the existence of neglected domesticated animals is very much a human-created problem. That's why we believe this is a worthy cause for our donations.

Finally, a recent article by National Geographic highlighted that the Covid 19 pandemic slowed down animal adoption rates and created a shortage of staff and volunteers, further increasing euthanasia rates of perfectly healthy animals. Therefore, by donating to various animal sanctuaries, we help them increase their capacity to provide permanent homes to neglected animals. A list of charities we have donated to is provided below. We hope these donations will inspire other protocols to do something similar and strengthen the Web 3.0 ethos in our very special, shared crypto-community.

Donation Record

Total Donated so far: $270,100

Charity	Amount (USD)
Indraloka Animal Sanctuary	18,500
Cross Creek Alpaca Rescue	20,000
Firwood Farm Alpacas	6,000
Sanctuary One	10,000
Ccochahuasi Animal Sanctuary	20,000
Help Peru	28,000
Binance Million Tree Charity	25,000
Four Roots Ranch	5,000
Sammamish Animal Sanctuary	7,500
Southeast Llama Rescue	6,000
Goodheart Animal Sanctuaries	10,000
Wild Animal Sanctuary	20,000
Best Friend Animal Society	25,000
The Chijnaya Foundation	10,000
Humane Society (Popcorn Park Animal Refuge)	12,500
Happy Compromise Farm	6,000
Olympic Peninsula Llama/Alpaca Rescue	4,000
Serendipity Farm & Sanctuary	7,000
Alma Bonita Animal Rescue	5,200
TMMA Farms and Sanctuary	8,500
Llama Sanctuary	15,900

As of July 2022, Alpaca Finance has now used up all the donation funds from Alpies sales revenue. This cannot happen without the help of you all. Thank you for your contribution and confidence in Alpies.

We will continue to grow Alpaca's ecosystem for the herd!

Media Coverages

• Alpacas at Indraloka Animal Sanctuary

• Featured on PR Newswire

The Wild Animal Sanctuary Receives Crypto Currency Donation From Alpaca Finance To Help Rescued AnimalsPRNewswire

• Donation to Indraloka Animal Sanctuary

• Donation to Cross Creek Alpaca Rescue

• Donation to Firwood Farm Alpacas

• Donation to Ccochahuasi Animal Sanctuary

• Donation to Help Peru

• Donation to Binance Million Tree Charity

• Donation to Four Roots Ranch

• Donation to Sammamish Animal Sanctuary

• Donation to Southeast Llama Rescue

• Donation to Wild Animal Sanctuary

• Donation to Best Friend Animal Society

• Donation to Chijnaya Foundation

• Donation to Humane Society

• Donation to Happy Compromise Farm

• Donation to Olympic Peninsula Llama/Alpaca Rescue

• Donation to Serendipity Farm & Sanctuary

• Donation to Alma Bonita Animal Rescue

• Donation to TMMA Farms and Sanctuary

• Donation to Llama Sanctuary