Alpaca has introduced a new Stock Lending Program for its US-based users, allowing them to generate passive income by lending their securities to institutions in exchange for interest. This program automates the process of identifying and lending eligible shares within a user's portfolio, thereby maximizing efficiency and maintaining full economic ownership of the assets, though temporarily relinquishing voting rights. Users can earn competitive interest rates, with Alpaca Elite members receiving up to 50% of the interest income from loaned shares. The program is designed to be simple and secure, with loans secured by cash collateral, and users can opt out at any time. Eligibility for participation requires meeting specific financial criteria, and while there are potential risks involved, Alpaca provides comprehensive disclosures for prospective participants.