Alfprotocol and Soldex Collaborate To Expand Token Utility
Alf Protocol is a capital deployment protocol on Solana that enables liquidity provision and yield farming, both with and without a margin of up to 200, has collaborated with Soldex, a native, scalable and decentralized exchange governed by the community.
Alfprotocol and Soldex are proud Solana ecosystem members, providing decentralized solutions to real-world challenges. With the similar objective of providing affordable and safe access to decentralized services and value, the two projects collaborate to offer their services to a broader audience, boosting the likelihood of adoption and enhancing the use case for both projects’ tokens.
The two companies will work together to maintain the interoperability of their products, optimize protocols, and contribute to developing new products or new features to previous products.
Partnership Benefits
The ALF token will be listed on the Soldex decentralized exchange! Soldex will enable yield farming, allowing anybody to start earning money with their ALF tokens! It’s a perfect complement to their platform, increasing ALF’s liquidity.
With more liquidity, ALF has a more substantial opportunity to increase in value and be adopted by more applications.
On the other hand, Soldex is excited to announce that its native token, SOLX, will be available for staking in the upcoming Alfprotocol’s staking dApp, marking a significant milestone for the Soldex team and the entire Soldex user base.
This partnership will incentivize users to participate in the staking dApp and enable them to receive a passive income, contributing to Soldex’s goal of making cryptocurrency more accessible to all.
About Soldex
Soldex is one of the first basic decentralized exchanges (DEX) built on Solana. Soldex.ai allows users to conduct peer-to-peer transactions in a safe and reliable manner, with liquidity provided by users. Third-generation cryptocurrency exchange that aims to use advanced machine learning and neural network algorithms to solve the current problems faced by decentralized exchanges in order matching, centralized exchanges, and trustless custody.
About Alf Protocol
Alf Protocol is a capital deployment protocol that enables liquidity provision and yield farming, both with and without a margin of up to 200x. The protocol offers its own versions of an automated market maker protocol based on invariants for exchange operations and a money market for short-term loans.
⏩ SOURCE
