🔥 Proof of Burn

Since launch, Alpaca Finance has adopted buyback & burn as a deflationary mechanism to increase ALPACA tokens long-term value. The portion of platform's revenue used for buyback & burn are:

1. Liquidation Fees - 4% (out of 5%) of all liquidation fees are used for buyback & burn of ALPACA tokens for the case of 3rd parties liquidation bots. In the case where liquidation is initiated by Alpaca's internal bot, all 5% of liquidation bounty goes to buyback & burn.

2. Reserve Pool Take Rate - 10% (out of 19%) of the borrowing interest fees is used for buyback and burn of ALPACA tokens.

Below is a record of every burn transaction we have initiated since launch:

Total ALPACA burned: 3,968,088

Weekly Buyback & Burn Records

Burn #

Date

ALPACA Amount

USD Amount (at Burn Date)

1

28 March 2021

20,888

12,400

2

4 April 2021

60,888

40,800

3

11 April 2021

103,888

72,200

4

18 April 2021

140,888

72,600

5

25 April 2021

72,888

54,000

6

2 May 2021

28,888

76,200

7

9 May 2021

44,888

124,800

8

16 May 2021

69,888

118,000

9

23 May 2021

100,888

70,000

10

30 May 2021

61,888

56,000

11

6 June 2021

93,888

81,000

12

13 June 2021

98,888

78,000

13

20 June 2021

117,888

87,000

14

27 June 2021

198,888

74,000

15

4 July 2021

91,888

62,000

16

11 July 2021

105,888

62,500

17

18 July 2021

105,888

50,500

18

25 July 2021

136,888

70,200

19

1 August 2021

196,888

171,200

20

8 August 2021

492,888

502,800

21

15 August 2021

229,888

255,000

22

22 August 2021

147,888

202,600

23

29 August 2021

240,888

318,000

24

5 September 2021

161,888

187,800

25

12 September 2021

384,888

415,700

26

19 September 2021

122,888

132,800

27

26 September 2021

?

?

28

3 October 2021

?

?

Burn Tx ID:

💵 Buyback Tx Records: 💵

BNB

BUSD

ETH (Pool launched after burn #2)

USDT (Pool launched after burn #9)

BTCB (Pool launched after burn #10)

TUSD (Pool launched after burn #17)

Other ad-hoc Burn

PCS LP token burn: the initial LP tokens that we used to seed the PCS ALPACA-BNB pool

250,000 ALPACA tokens

0xc93eca7278404b3c7acf15d37c222abacfa4712f2236651300615ce87e6e7a2e

Extra rewards burned 84,000 ALPACA burned (the extra ALPACA tokens that would've been earned by the dev fund during the 2nd week of the Bonus Rewards)

0x6bae2eb15b9c7f314ad00625da032da667a81a0a1ea63a841fae3d5d96d6ba84