Alpaca Perpetual Futures Exchange
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Protocol TVL
About Alpaca Perpetual Futures Exchange
Perpetual Futures allow users to have leveraged long or short exposure on assets without an expiration date. In place of expiration, users pay ongoing fees as unrealized P/L in the positions while the positions are open.
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Alpaca Perpetual Futures Exchange codebase lineage and protocol family
Alpaca Perpetual Futures Exchange is published as a versioned release inside the Alpaca Finance protocol family. Releases inside the same family typically share governance, brand, and large parts of the audit history, but each version can run materially different contract logic — a release labelled v2 or v3 is not just a UI refresh. Newer versions inside a family typically launch with their own audit cycle and parameter set, so do not assume the previous release's safety record carries over without checking the linked audit reports.
Fork lineage and parent-protocol relationships are tracked by DeFiLlama for security and audit-history attribution; a fork inherits the upstream design but not necessarily the upstream audits or governance.
Security & Audits
Oracles supply external price data to on-chain contracts. Oracle compromise is a common attack vector — diversified providers reduce single-point-of-failure risk.
Parent Protocol
Alpaca Perpetual Futures Exchange is a versioned release inside a larger protocol family. View the parent for combined TVL and all sibling versions.
Alpaca FinanceAlpaca Perpetual Futures Exchange Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Mar 10, 2023Listed on DeFiLlama
Protocol Profile
Alpaca Perpetual Futures Exchange is a Derivatives protocol where traders open leveraged, perpetual, or option positions priced off oracle feeds and settled in collateral held by the contract. It is deployed on Binance.
TVL Distribution by Chain
Supported Chains
Protocol Footprint
Alpaca Perpetual Futures Exchange is a single-chain protocol, deployed exclusively on Binance — this concentrates execution risk but simplifies the trust model. Price feeds come from a single oracle provider (Pyth); an outage or manipulation of that feed would propagate into every market the protocol prices.
Official Resources & Links
Verified external resources for Alpaca Perpetual Futures Exchange — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Derivatives protocols on Mantapex
Alpaca Perpetual Futures Exchange is one of 7 Derivatives protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Jupiter Perpetual Exchange, Hyperliquid HLP, Drift Trade, and 3 more. These peer protocols collectively secure $2.3B in deposits, giving you a frame of reference for whether Alpaca Perpetual Futures Exchange's own TVL is at the top, middle, or tail of the category.
Treasury
Recent Alpaca Perpetual Futures Exchange news
Latest reporting from major crypto news outlets covering Alpaca Perpetual Futures Exchange.
- Crypto news
ALPACA price tanks 30% as Alpaca Finance begins wind-down after four-year run
Once a top protocol on BNB Chain, Alpaca Finance will discontinue leveraged yield farming, stablecoin services, and its perpetual exchange by December.
- CryptoSlate
Crypto promised to eliminate stockbrokers, but 94% of its tokenized market now relies on an Alpaca
Alpaca says it custodies more than $1.5 billion of shares backing tokenized equities, which, by public tracker measurements, would represent most of the market.
- CrowdFundInsider
Alpaca's $135M Round Leads Busy Week of Fintech Funding, Acquisitions
Brokerage infrastructure provider Alpaca raises $135M Peak XV led the raise with participation from Elefund, Opera Tech Ventures, the venture capital arm of BNP Paribas Group, and…
- CrowdFundInsider
Alpaca Secures $135M Funding Round to Expand AI-Driven Brokerage Platform for Tokenized Assets
Alpaca, a provider of brokerage infrastructure, has announced a substantial $135 million equity raise. The round was spearheaded by Peak XV, with significant backing from Elefund…
- The Currency Analytics
Alpaca Lands $435 Million Backed by Kraken's Parent and BMO
- Crypto Daily
Alpaca Raises $135M for Tokenized Stock Infrastructure
Alpaca's $135M raise pushes tokenized stocks into production, as DTCC confirms live trades. Total financing hits $435M with Kraken/BMO debt.
- Crypto Economy
Alpaca pulls $135M to expand exchange rails for onchain stocks
Alpaca raised $135 million in equity unding led by Peak XV to expand infrastructure for tokenized stocks and onchain brokerage services. Debt financing from Payward and BMO could…
- Crypto Briefing
Alpaca raises $135 million to build AI agent trading infrastructure across crypto and traditional markets
AI-driven trading infrastructure could revolutionize market dynamics, enhancing efficiency and accessibility across diverse financial assets. Alpaca raises $135 million to build…
Related protocols
Other DeFi protocols connected to Alpaca Perpetual Futures Exchange by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Derivatives protocols
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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