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 - 5% (out of 10%) 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: 1,853,096

Weekly Buyback & Burn Records

Burn Tx ID:

• Burn #1 Proof: 0xecd953009e9161e3b783582107a98fcc969d1a56b0fc14c74210265de59f3bc8​

• Burn #2 Proof: 0xe66b129c7c6114fffdc9938debd129445f7accc6dbad10da1328f2573e824c24​

• Burn #3 Proof: 0x971f9c34e0cba90cc556000fe1f4742232e0cf2cac172c4622d56b61affa0767​

• Burn #4 Proof: 0xfded26e82982739cb72c3b6bfb901c549ee062b95ee6cce88dd0ea32d9e076a8​

• Burn #5 Proof: 0x9910a0c24ab1def99ac0f716a68b0f4174c3836c8219a936052e089a4e66be3b​

• Burn #6 Proof: 0x781d516924ec2ba3df04deac19d0f440c23a53374141c6a732de096dcff6eaff​

• Burn #7 Proof: 0xfefd237ff9942e88e3e25a9c735e8767af6262aef75b62a7588e364b0c0bfce8​

• Burn #8 Proof: 0xb05cfc8acc2bf5c2c9ae3aa193f5f16a36383321b901a5f745170fa1ceefd736​

• Burn #9 Proof: 0xb90adea6843da4e2bdc30c91315b3cf90583eef027cf1ede931c74ec112c1758​

• Burn #10 Proof: 0x4023bc17c54b68740aab8a601df825fdd537f1f3a019ff4c3ed0fed8c46e4df5​

• Burn #11 Proof: 0x57253824a3e56e97063c601cb3a31600fdd3fe00d3e8c1d4406df2407ff02f98​

• Burn #12 Proof: 0x64144d3508bb06e79d057b4ecd4a9ff0cb73d773bfc0170728cd725596700d73​

• Burn #13 Proof: 0x49140b8b7ece7cceddd21d91e89274717ac0effd592c372cc023b03291937d9f​

• Burn #14 Proof: 0xca0bd3843db7d9958617b66df88be7018c88bd9e1caf9d9335a3052d02137f06​

• Burn #15 Proof: 0x6ffb189d16e6cffc6053186062d958c381805eca5b717d969ff3f5a82be7c1e7​

• Burn #16 Proof: 0x680e72b13e009335095f07a024f984974f4ebc044ed3393f2610717ba74ebeb4​

• Burn #17 Proof: 0x34ff1017761140b29159110c693028af71ef19ed06dabc0c6369bc43c395bb72​

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​

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