Alpaca Finance using Forta for operational monitoring

Forta is excited to announce Alpaca Finance is using Forta to monitor system-critical operations. 

Alpaca Finance is the largest lending protocol allowing leveraged yield farming on BNB Chain and Fantom. Alpaca helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.

When Alpaca started using Forta, they were impressed with the flexibility it offers. Because Forta Detection Bots live in Docker containers, it gives teams like Alpaca the freedom to create truly custom monitoring they can’t replicate with other monitoring solutions.

Teams that need more sophisticated, bespoke monitoring have historically had to set up in-house monitoring, which requires the core team to manage the infrastructure piece as well. 

“Forta allowed us to deploy a monitoring service without having to set up all the infrastructure ourselves. It saved us resources and is very useful.” - Spicysquid, Head of Engineering at Alpaca Finance.

Today, Alpaca is using Forta to monitor feeder operations, Chainlink keeper balances, unusually high transaction volumes in certain areas of the protocol, and discrepancies between DEX pricing and oracle pricing. 

You can find and subscribe to Alpaca Fiance’s alerts and more using the Forta App.

About Forta

Incubated by OpenZeppelin, Forta is the first decentralized network delivering real-time intelligence on the security and health of Web3 core infrastructure and dApps. Protocols, DAOs, investors and individuals can use Forta to receive real time insights on security, financial, operational and governance related events on L1s, L2s and sidechains. 

Learn more about Forta by visiting forta.org or reading the documentation at docs.forta.network. 

About Alpaca Finance

Alpaca Finance is the largest lending protocol allowing leveraged yield farming on BNB Chain and Fantom. It helps lenders earn safe and stable yields, and offers borrowers undercollateralized loans for leveraged yield farming positions, vastly multiplying their farming principals and resulting profits.

Learn more about Alpaca Finance by visiting Alpaca.