Alpaca Finance, a decentralized finance protocol that operates mainly on the BNB Chain, plans to wind down all of its products and operations in the coming weeks following the delisting of its native ALPACA token by Binance in April.

The decision was made after what the Alpaca team described as “extensive internal deliberation and a thorough evaluation of possible paths forward,” ultimately concluding that sunsetting the protocol was the most responsible way to safeguard its community.

The team also cited Binance’s delisting of ALPACA as a “major blow” that severely limited token accessibility and the project’s ability to pursue new initiatives.

The opening of new positions on the protocol will be disabled in early June, and all remaining active positions will be automatically closed by June 30.

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At its peak, Alpaca had more than $900 million in total value locked. It now has a much lower $54 million of TVL after years of declining activity.

ALPACA saw a sharp 43% nosedive within an hour of the team’s announcement, but the token has since recovered to a lesser 29% slump to trade at around $0.11 as of 2:00 a.m. ET.