🗺️Roadmap

The sky is (not) the limit!

(*Updated June 16, 2023)

Below, you’ll find Alpaca’s roadmap, but first, we’ll share with you our high-level goals for Alpaca Finance in 2023:

1. Unlock higher capital efficiency for Alpaca Finance users through product innovations, resulting in returns unmatchable by competing under-leveraged DeFi protocols.

2. Launch top quality products in new verticals, which will unlock new user bases, increase protocol revenue, and create synergies with existing products.

3. 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. 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.

4. Expand horizontally by building multi-chain, tapping into completely new user bases beyond BNB Chain and Fantom, resulting in multiplied user numbers and revenues.

5. 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(2)

✔️ 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

✔️ Share information about Alpaca Gaming Web3 studio

Q3 2022:

✔️ Additional CEX listings(3/3)

✔️ App UI Improvements

✔️ More Grazing Range pools(2/2)

✔️ More farming pools from integrated DEXes(2/2)

✔️ Build Game Studio - Alpaca Gaming

• ✔️ Finish recruiting full game design and dev prototyping team

• ✔️ Finish recruiting industry veteran advisors

• ✔️ Setup daily prototyping pipeline

• ✔️ Finish market research

• ✔️ Update game vision and design specs

• ✔️ Source and integrate existing game studio partner for technical staff acquisition

✔️ Build pre-alpha prototype for web3 game's interactive 3D combat system

• ✔️ Start prototype playtesting with early users

• ✔️ Create characters/worldbuilding concept art

  • ✔️ Do private market testing of concept art

✔️ Improve profitability of Automated Vaults

• ✔️ Implement repurchasing system

• ✔️ Implement hedging operation

• ✔️ Trial repurchasing on select AVs

• ✔️ Implement Invest/Withdraw from AVs with Zero Swap Fees

✔️ Start increasing available capacity of optimized AVs

✔️ CeDeFi License R&D

• ✔️ Apply for tier-1 CeDeFi License for future product initiatives

✔️ Design new Alpaca Perpetual Swap product

Q4 2022:

✔️ Roll out AV repurchasing optimization to all AVs for higher profitability

✔️ Launch cross-chain Bridging widget

✔️ Private NFT airdrops and whitelist spots from partner projects for Alpies owners(2)

✔️ Release Studio Bio of Alpaca Gaming Team

✔️ Publish concept art for Alpaca Gaming's first Web3 game

✔️ Additional CEX listings (2)

✔️ Integrate support for additional web and mobile wallets (1)

✔️ App UI Improvements

✔️ Partner with protocols to accept ALPACA as collateral (Venus)

✔️ Apply for Tier1 CeDeFi License

✔️ Open access to private AVs

✔️ Alpaca Gaming

• ✔️ Finish market testing of game's concept art

• ✔️ Initiate art asset pipeline (2D->3D->animations->VFX)

• ✔️ Expand gaming team

✔️ 3rd-party integrations of Alpaca's products

• ✔️ Swissborg

✔️ Develop custom in-app analytics system for UX optimization

• ✔️ Cohort analysis

• ✔️ Customer journey analysis

✔️ Release info and dates for new Alpaca stealth products coming in 2023.

• ✔️ Perp Exchange

• ✔️ Alpaca Finance 2.0

(*Gaming roadmap may be updated in the coming weeks. We are currently updating the documentation and technical estimates)

Q1 2023:

✔️ App UI Improvements

✔️ More 3rd-party integrations of Alpaca's products

• ✔️ OKX Earn

✔️ Private NFT airdrops and whitelist spots from partner projects for Alpies owners(1)

✔️ Finalize custom in-app analytics system for UX optimization

• ✔️ Conversion rate analysis

• ✔️ Develop internal Conversion Rate Dashboards

  • ✔️ Lending

  • ✔️ LYF

  • ✔️ AVs

✔️ Integrate customized web push system for in-app notifications

• ✔️ Chatbot

• ✔️ In-app alerts

  • ✔️ High APYs (in testing)

  • ✔️ New products (beta)

✔️ Additional Audits (1/1)

✔️ Launch new AlPerp Exchange Beta

• ✔️ ALP Liquidity Pool

• ✔️ Advanced Order Types

• ✔️ Swap without price impact

• ✔️ Funding Rate implementation

• ✔️ Lower gas costs

• ✔️ Growth marketing 1st-stage

  • ✔️ Beta Incentive program

  • ✔️ Tiered referral program

  • ✔️ Zero-fee trading

✔️ Add more utility to ALPACA token

• ✔️ Additional revenue from Perp

✔️ Governance AIPs (7)

✔️ Ended ALPACA emissions

✔️ Telegram for real-time AV Hedging updates

✔️ Alpaca Gaming

• ✔️ Finalize game design documentation

• ✔️ Begin alpha development for soft launch

• ✔️ Iterate on game econ

✔️ Additional listings

• ✔️ CEX (1)

• ✔️ NFT marketplace (1)

• ✔️ Wallet (2)

Q2 2023:

✔️ Full launch of AlPerp Exchange

• ✔️ Further optimize gas

• ✔️ Referral rewards tracking

• ✔️ Trading fee rebate system

• ✔️ Additional Language Support

  • ✔️ CN

  • ✔️ FR

• ✔️ Growth marketing 2nd-stage

  • ✔️ Full rewards program for LPs

  • ✔️ Full rewards program for Traders

  • ✔️ Referral links

  • ✔️ Position P/L sharing

  • 🔜 Trading competitions

• ✔️ Improved charting

• 🔜 Trading leaderboard

• Unutilized ALP redeployment into Alpaca lending

✔️ Public Analytics Dashboard for Perp

✔️ Deleveraging for AVs

✔️ App UI Improvements

✔️Governance AIPs (6/?)

✔️ Alpaca Finance 2.0 (1st deployment)

• ✔️ Overcollateralized lending

  • ✔️ Cross-margin

  • ✔️ Incentive Program

✔️ Add more utility to ALPACA token

• ✔️ Additional revenue from AF2.0 overcollateralized lending

✔️ More Grazing Range pools

• ✔️ AF 2.0 Partner Listings (New Grazing Range type) - (2/?)

✔️ Additional Audits (1/?)

• 🔜 Additional listings

• 🔜 Get Tier1 financial license

• V2 UI/UX Redesign

• Sub-accounts

• Asset tiers

• Composable deployment of lending pools

• Multiple interest rates per every product and pool

• Asset-specific risk-adjusted weights on supply/borrow capacity

• Additional undisclosed strategic features

🔜 Alpaca Gaming

• 🔜 Iterate on game econ

• 🔜 Develop private alpha

  • 🔜 PvP mode

  • Campaign mode

  • Finish all V1 art assets

  • Metagame progression

  • Deep customization system for characters

  • QA testing

🔜 Internal Conversion Rate Analysis for Perp

• 🔜 Conversion Rate Dashboard

• 🔜 LTV analysis

🔜 Further develop notifications System (in beta)

• 🔜 Email system

  • Weekly personalized product newsletter

• Asset-specific alerts

• Margin call system for borrowers

• Private NFT airdrops and whitelist spots from partner projects for Alpies owners

• More farming pools from integrated DEXes

• More 3rd-party integrations of Alpaca's products

• Additional undisclosed strategic features

Q3 2023:

• Alpaca Finance 2.0 (2nd deployment)

  • LYF

    • Cross-margin

    • Sub-account integration

    • Borrowing of any whitelisted token

    • Use any whitelisted token as collateral

    • Double-layered gentle liquidation with repurchasing

    • Multi-token farming rewards

• Migrate AVs to Alpaca Finance 2.0

  • AVv3 - DEX V3 integrations for Automated Vaults

• Perp features

  • Add other tradable assets to Perp Exchange

    • Non-crypto assets

  • Additional Language Support

• Alpaca Gaming

  • Launch private alpha

    • Playtesting

    • Iteration

    • Full feature buildout

• Alpaca Finance 2.0 Improvements

  • Looping widget for borrowing

  • Streamlined UX for advanced/multi-step strategies

• Alpaca Gaming

  • Launch private beta

    • Exclusive access for Alpies holders

• Private NFT airdrops and whitelist spots from partner projects for Alpies owners

• App UI Improvements

• Additional Audits

• More farming pools from integrated DEXes

• More 3rd-party integrations of Alpaca's products

• Additional CEX listings

• Integrate support for additional web and mobile wallets

• More Grazing Range pools

• Add more utility to ALPACA token

• Integrate LYF with more DEXs

• Additional undisclosed strategic features

• Alpaca Gaming

  • Soft Launch public beta

  • Cross-platform development

  • Build web3 layer

    • NFT integration

    • Launch NFT marketplace

  • Marketing

Q4 2023:

• Alpaca Finance 2.0 Improvements

  • Permissionless listing

• Alpaca Gaming

  • Public Launch cross-platform

  • Launch gaming token for Web3 game

    • Exclusive presale for Alpie owners

• Exclusive Alpaca physical merch for Alpies owners

• Private NFT airdrops and whitelist spots from partner projects for Alpies owners

• App UI Improvements

• Additional Audits

• Perp improvements

• More AF2.0 features

• More farming pools from integrated DEXes

• More 3rd-party integrations of Alpaca's products

• Additional CEX listings

• Integrate support for additional web and mobile wallets

• More Grazing Range pools

• Create separate UI for auto-compounding 1x LP positions

• Fund 3rd-party teams to build ecosystem dApps off Alpaca

  • Dashboards

  • Automation tools

  • Trading/Strategy deployment platforms

• Add more utility to ALPACA token

• Integrate LYF with more DEXs

• Additional undisclosed strategic features

*We have internal 1-year and multi-year roadmaps which we update monthly. We publish yearly roadmaps every January, and update them at least quarterly.

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 😏😏😏 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!