Alpaca Perpetual Futures Exchange

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

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.

Alpaca Perpetual Futures Exchange est une version au sein d'une famille de protocoles plus large. Ouvrez le protocole parent pour la TVL combinée et toutes les versions sœurs.

Événements majeurs signalés par la communauté DeFiLlama — lancements de protocole, exploits, changements de gouvernance et programmes d'incitations.

1. Mar 10, 2023
   Listé sur DeFiLlama

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.

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.

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.

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 2,3 Md $US 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.

Jupiter Perpetual Exchange

TVL 910,6 M $US · 24h -0.27%

Hyperliquid HLP

TVL 431,7 M $US · 24h +0.11%

Drift Trade

TVL 334,4 M $US · 24h +0.22%

GMX V2 Perps

TVL 267,5 M $US · 24h -0.08%

Extended

TVL 196,4 M $US · 24h +0.06%

dYdX V4

TVL 125,3 M $US · 24h +0.58%