Do you think Alpaca Finance is safe?

[ectbit]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

[sunsilk]

I have never heard of them.

But if you want yield farming, then use those platforms that have been providing liquidity and has a lot of users. I wouldn't say that they're scam or not but as long as I'm not familiar to them.

I'm trying to avoid it and chooses a better platform.

[Lordhermes]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

How large is the community and the liquidity provided, although no investment is considered to be the best and risk free but to what extent do you think alpaca finance is good, just went through the coin on coinmarketcap, https://coinmarketcap.com/currencies/alpaca-finance/ and I discovered that it's listed on gate and mxc which they are better exchange, but the trading volume on those exchange is extremely average, if at all the higher farmers decided to sells off their alpaca, wouldn't it cause priced dump, I advise op to consider a better project to stake and farm on.

[BobK71]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

Before investment You research it. Read there Terms and Conditions clearly. check liquidity amount. Whether that liquidity amount is able to sustain the value of their token. Otherwise You can fall into a big loss.

[Hypnosis00]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

Investing to new and not know project consist of high risk, you need to be careful or else, you just throw your money to them.

I suggest you make some more research, check its trading volume, feedbacks, and if you find out that seems to be suspicious and declining, that was obviously not a good coin to invest in.

Regarding safety assurance, you can never find a guaranteed 100% of it here. The market is so volatile, plus a lot of projects that are worthless and scams. That is why I don't have such an interest in new projects but to stay those coins that are already established so well.

[sana54210]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

I feel like too many "finance" tokens are out there these days. Considering the market is not doing well at the moment and we are not in a bull, I would say that stay away from newer things that has been out less than 6 months, and go look for things that have been around for 3+ years, they are the ones that will go up first and after it goes up, you will have a chance to actually pick something else and go with that. It is not the ideal way to do things but it is definitely the most safe way to do it.

I am not saying alpaca finance is a bad investment, I do not even know them, I have never heard them before, this is the first time I am hearing about them, but that is enough reason for me to not invest with them since I am only caring about the older ones. Bitcoin, ethereum, bnb, ltc, and those type of things are the ones that will make you profit for now.

[smartaction]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

Investing in all types of cryptocurrencies is high risky. And if it is a new coin then it is more risky. So it can never be called safe.

[ectbit]

To tell the truth i didn't know this coin.

Alpaca is one of my favorite animals and i was searching about how much does it cost and it popped up!

I will buy few coins just for the sake of the name and the logo.

[CaVO32]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

Investing in all types of cryptocurrencies is high risky. And if it is a new coin then it is more risky. So it can never be called safe.

High APY doesn't mean you can easily get your initial investments back also. This APY may be high at the start and later on fall down. It depends on how strong the platform is. As I never heard this defi platform, better dig more if the OP is interested on this platform. There are so many defi platforms already and they are offering high APY. But as you noticed, as days passed, their APY is also decreasing. No one can advise you if the platform is safe or not. It is your own assessment that will truly help you in evaluating the platform.

[Kemarit]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

Nothing is safe is crypto, people behind can exit scam, and it is open to the hackers. Of course, there's a lot of competition out there, that's why they are offering huge APY. So better yet DYOR. Or just stick to those yield farming that has somewhat established their reputation in the last couple of years. Big rewards=big risk. So if you are not a risk taker, then better stay out and go for other alternatives, IMHO.

[rhomelmabini]

Always DYOR every project you encounter and always put money you're trying to risk and what you can afford to lose. Crypto is a risky place but it's a great place as well to maximize an earning if you get into right projects. It's a double edged sword.

[smartaction]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

Investing in all types of cryptocurrencies is high risky. And if it is a new coin then it is more risky. So it can never be called safe.

High APY doesn't mean you can easily get your initial investments back also. This APY may be high at the start and later on fall down. It depends on how strong the platform is. As I never heard this defi platform, better dig more if the OP is interested on this platform. There are so many defi platforms already and they are offering high APY. But as you noticed, as days passed, their APY is also decreasing. No one can advise you if the platform is safe or not. It is your own assessment that will truly help you in evaluating the platform.

Most Defi projects bring their products Swap, Farming, IDO platform. It's General. There are numerous farming platforms in the market and they are also giving high APR. Is there are a different feature here? that can makes me think I would benefit from it?

[bussybuddy]

Not sure if you are referring to https://coinmarketcap.com/en/currencies/alpaca-finance/markets/
I heard that the project has reached 1 day of launching, the project has achieved a total locked value of up to 700 million USD. And I also think it also received great interest from the participants.

[john1010]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

Always compare it to other platform that are similar to it, now if they offer the upgraded and secure system, you will try to put your money on it, consider also the APR/APY is they offered a good return or profit compare to other? how about the inflation? they have the concrete solution to cover the high inflation? that is the most common question that we are look upon in someone's project.

[X-ray]

Even a smart contract that is already audited could have security breach and drain people's money, there's no absolute guarantee that something like this is 100% safe but you can ask them technical detail about their smart contract auditing and how their strategy to have that much yield,
if something feels fishy then better stay away, that kind of high yield could be a red flag but if the team could explain clearly how they gonna reach that then it's maybe safe.

[RokokGudangGaram]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

Never heard of them by just telling they have a huge APY I already know that they are risky, they are DeFi right? well I don't trust such projects, I participated before on those project and stake my money and guess what happen to price? It goes ups and downs dramatically from $60 to $3 and from $3 to $40 this happened in less than 24 hours so I think it's much better if you invest your money to different projects rather than to unknown DeFi or yield farming.

[inanilujimi]

The higher the risk you take, the greater the profit you can get.
keep dyor when entering high risk investments, high APY will not always stay high, as many users use APY it will be low as needed this is what is called marketing.

[TastyChillySauce00]

They have quite huge amount of TVL meaning they are somewhat trusted by the masses but then again no one knows for sure whether this platform gonna be secure within your locking period.
so basically as many people said DYOR, or you can simply ask some people who have experienced staking in that platform maybe in their telegram group.

[jambul_kribo]

They have quite huge amount of TVL meaning they are somewhat trusted by the masses but then again no one knows for sure whether this platform gonna be secure within your locking period.
so basically as many people said DYOR, or you can simply ask some people who have experienced staking in that platform maybe in their telegram group.

at least based on this TVL , alot of investors trust to this project. and another factors that make it have possibility to scam need to analize again so we will secure our money  from this accident.

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

dont focus on huge APY only, you must analize another factors such as developers background in crypto market or usecase.

[marilynmanson21]

They provide leveraged yield farming with huge APY, but is it safe, or the risk to have your position liquidated is high?

nothing is safe in crypto, if you want to garden usually see apy if it's profitable what's wrong with gardening but if it doesn't fit it's better to hold or sell regularly with thin profits