Alpaca Finance
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Roadmap
The sky is (not) the limit!
(*Updated June 17, 2021)
Below, you’ll find Alpaca’s roadmap, but first, we’ll share with you our high-level goals for Alpaca Finance from Q4 2021 to Q4 2022:
  1. 1.
    Unlock higher capital efficiency for Alpaca Finance users through product innovations, resulting in returns unmatchable by competing under-leveraged DeFi protocols.
  2. 2.
    Widen our customer reach beyond the niche of leveraged yield farming by building high-quality engaging products in broad and high-growth new media segments such as NFTs and Web3 gaming, which will help develop the Alpaca brand and metaverse. Then, create organic funnels to integrate those entertainment products with financial services, resulting in the onboarding of massive market segments currently untapped by DeFi incumbents.
  3. 3.
    Further decentralize Alpaca by introducing governance. Create proper incentivization mechanisms to assure the bulk of the platform’s revenues are distributed to loyal long-term ALPACA holders.
  4. 4.
    Expand horizontally by building multi-chain, tapping into completely new user bases beyond BNB Chain, resulting in multiplied user numbers and revenues.
  5. 5.
    Expand access to new segments of large institutional capital by creating easy-to-use structured products for institutions and investment funds.
  6. 6.
    Through the aforementioned vertical and horizontal expansions, grow Alpaca’s brand from a top BNB Chain DeFi platform to a top cross-chain finance and new media conglomerate.

Q1 2021:

✔️ Fair Launch ALPACA token
✔️ BUSD and BNB single-asset staking vaults
✔️ ALPACA/wBNB PancakeSwap LP staking vault
✔️ Stronk Vault and sALPACA(experimental synthetic with futures+bond elements)
✔️ Complete Audits with PeckShield and Certik
✔️ Launch Leveraged Yield Farming with new auto-compounding pools, providing leverage on popular PancakeSwap pools
✔️ Token Value Expansion — add buyback and burn mechanisms to make ALPACA long-term deflationary (more explained below)
✔️ Launch Liquidation Bot (Although liquidation will still be possible for external parties to avoid centralization and single point of failure, we’ll have an in-house liquidation bot that should be faster). 100% of the 5% liquidation fee will go towards ALPACA buyback and burn (first deflationary mechanism, implemented on LYF launch)
✔️ 50% of the 10% interest rate fee for borrowing/leveraged farming will be used on ALPACA buyback and burn. This means half of the leveraged farming fees will go towards token holders in the form of burn (second deflationary mechanism, implemented on LYF launch)

Q2 2021:

✔️ Provide ability to add liquidity to pools directly on our platform
✔️ Integrate with more PancakeSwap pools
✔️ CEX listings (8)
✔️ Featured Leveraged Pools Program - Develop partnerships to provide leverage to BNB Chain projects.
✔️ Launch new single-asset deposit vaults for borrowing and lending
  • ✔️ETH
  • ✔️ALPACA
  • ✔️USDT
  • ✔️BTCB
✔️ Add ALPACA-paired leveraged yield farming pools
✔️ Complete two more audits with SlowMist and inspex
✔️ Grazing Range Pools: users will be able to stake ibALPACA to farm the tokens of partners in the Featured Leveraged Pools Program
✔️ Alpaca’s first NFT campaign: the first short animated series in NFT form
✔️ NFT farming through Grazing Range
✔️ Improved on BNB Chain network syncing issues by developing our own index node solution
✔️ Built advanced Alpaca Guard to prevent price manipulation and flash liquidations, significantly improving the safety factor of leveraged yield farming
✔️ Double-asset borrowing: allow borrowing of either asset in a pool, permitting powerful shorting and hedging strategies
✔️ Customize in-house solution for accurate tracking of PancakeSwap trading fees
✔️ Integrate with more DEXes to add new pools(WaultSwap)
✔️ Complete three more Audits with PeckShield, Inspex, and SlowMist
✔️ Single-asset Leveraged Yield Farming(LYF) allowing borrowing of any asset. First pool CAKE
✔️ Add utility to ALPACA token: performance fee sharing with protocol (single-asset LYF)
✔️ Partner with more projects to build off our protocol by using our ALPACA token and vaults in their strategies. For example, incentivizing others to create more ALPACA staking vaults

Q3 2021:

✔️ Chainlink oracle integration
✔️ Add advanced LYF features:
  • ✔️ Adjust leverage when adding collateral
  • ✔️ Partial LYF position closing with leverage adjustment
✔️Add more utility to ALPACA token within our protocol
  • ✔️ More buyback & burn from lending
  • ✔️ More buyback & burn from liquidations
✔️ Add additional lending pools
  • ✔️ TUSD
✔️ Add more pools from integrated DEXes
✔️ Integrate support for additional web and mobile wallets
✔️ Add multi-language support
  • ✔️ Website
  • ✔️ Docs
  • ✔️ Tutorial videos (3)
✔️ Allow adding collateral while Alpaca Guard is on
✔️ Allow adding any amount of collateral even when below min. debt ratio
✔️ Long-term Grazing Range Pools (Scientix)
✔️ Launchpad Grazing Range Pools (LatteSwap)
✔️ Profit and Loss metrics on Your Positions dashboard for farming positions
✔️ Additional Audits (4 completed)
✔️ Additional CEX listings (10 completed)
✔️ Integrate with more DEXes (MDEX)
✔️ Integrate insurance coverage
  • ✔️ Nexus Mutual
  • ✔️ InsurAce

Q4 2021:

✔️ Alpies Dauntless BNB Chain Sale — October 19th
✔️ Alpies Dreamers ETH Sale — Nov 2
✔️ Create an SDK: improve composability for other protocols, funds, and institutions to integrate our products
✔️ More multi-language support
  • ✔️ Website
  • ✔️ Docs
  • ✔️ Tutorial Videos (1)
✔️ Launch Alpies Gallery Site
✔️ Add more utility to ALPACA token
  • ✔️ More buyback & burn:
    • ✔️ 20% of Alpies sale proceeds
    • ✔️ Ongoing 2.5% of royalties from Alpies sales on secondary markets
    • ✔️ 80% of AUSD liquidation bounties
    • ✔️ 50% of AUSD stability fee
  • ✔️ Increase Protocol APR:
    • ✔️ 5% Performance fees from LYF
    • ✔️ Performance fees from AUSD
✔️ Alpaca Finance site redesign
✔️ List Alpies on NFT marketplaces(4 completed)
✔️ Additional CEX listings (7 completed)
✔️ Additional Audits (6 completed)
✔️ More Grazing Range pools (22 onboarded)
✔️ More farming pools from integrated DEXes
✔️ Create AUSD stablecoin:
  • ✔️ Add BUSD collateral vault
  • ✔️ Create initial utility for AUSD (AUSD-BUSD staking pool)
  • ✔️ Stable Swap module
✔️ Implement Governance Part 1/2: ALPACA->xALPACA lockup pool to earn yields from ALPACA emissions, Protocol Revenue Sharing & Grazing Ranges
✔️ Improve App Performance
✔️ App UI Improvements

Q1 2022:

(The largest deliverables this quarter will be multi-chain and Automated Vaults)
✔️ Add USDC Lending Vault
✔️ Implement USDC double-sided LYF
✔️ More farming pools from integrated DEXes(3 added on BNB, many on Fantom)
✔️ App UI Improvements
✔️ Create BNB Chain <> ETH Bridge for Alpies
✔️ More Grazing Range pools (7 onboarded)
✔️ Improve App Performance
✔️ Implement Governance Part 2/2: xALPACA voting
✔️ Go multi-chain (Fantom)
✔️ Additional CEX listings(1)
✔️ Additional Audits(1)
✔️ Continue rollout of AUSD stablecoin
  • ✔️ Additional collateral types(3 added)
  • ✔️ Flash loan module
✔️Add more protocol utility for AUSD
  • ✔️ AUSD Commercialization Plan (more pegging mechanisms)
  • ✔️  Partner to create an AUSD-BUSD low fee trading pool(Ellipsis)
✔️ Tomb Finance integration
  • ✔️ TOMB lending
  • ✔️ Tomb double-sided LYF pools
✔️ First governance votes
✔️ Automated Market-Neutral Vaults
✔️ Implement Fantom Governance - Stage 1

Q2 2022:

✔️ In-App Calculator
✔️ More Automated Market-Neutral Vaults on BNB Chain
  • ✔️ High-leverage(8x) Automated Vaults
  • ✔️ Update Interest Rate Model for higher utilization and capacity for Automated Vaults
✔️ Automated Market-Neutral Vaults on Fantom
✔️ Launch AUSD Commercialization Plan
  • ✔️ Move AUSD to Ellipsis
✔️ MasterchefV2 migration
✔️ Integrate additional DEXes--BiSwap
✔️ Automated Savings Vaults
  • ✔️ BNB, BTCB, ETH
✔️ Launched private high-leverage Automated Vaults
✔️ Implement xALPACA early governance withdrawal
✔️ Create more value for ALPACA token
  • ✔️ staking xALPACA gives private Automated Vault allocation
✔️ App UI Improvements
  • ✔️ Add additional data and charts for AV on UI
✔️ Additional CEX listings(1/?)
✔️ Additional Audits(2/?)
✔️ More Grazing Range pools(7/?)
✔️ Add CAKE Lending Vault
✔️ Implement CAKE double-sided LYF
✔️ More farming pools from integrated DEXes(16/?)
🔜 Create more utility for AUSD
  • 🔜 Locking AUSD-3eps gives private Automated Vault allocation
🔜 NFT Utility Integration
  • 🔜 50% max leverage boost for Alpie owners
🔜 Additional undisclosed strategic features
  • Share information about Alpaca Gaming Web3 studio

Q3 2022:

  • Set up oracle for ibTokens
  • App UI rehaul (add historical data, cross-chain data to single UI, etc)
  • Additional CEX listings
  • Additional Audits
  • Launch concept art for Alpaca Gaming's first Web3 game
  • Start marketing for Web3 game
  • More NFT Utility Integration
  • Integrate support for additional web and mobile wallets
  • Partner with lending protocols to accept ibTOKENS as collateral
  • Partner with external protocols to accept AUSD as collateral
  • More Grazing Range pools
  • App UI Improvements
  • More farming pools from integrated DEXes
  • Add more lending pools
  • Add more protocol utility for AUSD
  • Launch gaming token for Web3 game
    • Presale for Alpie owners
  • Continue rollout of AUSD stablecoin
    • Additional collateral types (Automated Vault tokens, ibBTCB, ibETH, etc.)
  • Launch Alpaca Institutional platform (structured products for institutions)
  • Exclusive Alpaca physical merch for Alpie owners
  • Additional undisclosed strategic features

Q4 2022:

  • AlpacaV2 (many new features in development)
  • Fund 3rd-party teams to build ecosystem dApps off Alpaca
    • Trading platform with automation options, etc.
  • Launch MVP of first Web3 game
  • Additional CEX listings
  • Additional Audits
  • More Grazing Range pools
  • App UI Improvements
  • Add more lending pools
  • More farming pools from integrated DEXes
  • Integrate support for additional web and mobile wallets
  • Create separate UI for auto-compounding 1x LP positions
  • Add more protocol utility for AUSD
  • Partner with external protocols to accept AUSD as collateral
  • Augment lending pool APYs through composable deployment
  • Strategies on staking vaults: add staking vault strategies to improve capital efficiency; implement additional yield-generation methods for staking funds.
  • Launch more products on Alpaca Institutional
  • Launch NFT marketplace (primarily for our gaming/Alpaca NFTs)
  • Launch private Alpha of Web3 game
    • Exclusive access for Alpie owners
  • Additional undisclosed strategic features
The roadmap is subject to change. Major features with strategic value may not be included as hinted at in the last items of future quarters. We don't want to leak too much alpha here
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but rest assured that we're working tirelessly to grow Alpaca Finance into a top cross-chain financial platform.
In addition, we always love to hear suggestions and ideas from our community members, so please join our Discord and make your voice heard!