Alfprotocol is Solana native DeFi protocol has announced it is forming a joint venture with the Solana decentralized exchange Soldex.

This is align with the Alfprotocol vision and mission to become a one-stop shop (or as they put it on their website “homepage”) for DeFi on the Solana blockchain.

Alfprotocol Overview

Alfprotocol is a complex platform providing leveraged liquidity and yields to traders and investors from different risk categories. Having one of the leading Solana DEXs in-house provides the perfect infrastructure to scale their business and the perfect sandbox for robust testing and auditing before rolling out new features.

The two projects are beneficial to each other from the tech perspective and Soldex DEX and Farming with Double Rewards is a comprehensive technology to enhance the Alfprotocol DeFi ecosystem.

Management Quote

Alfprotocol CEO Matt Sauciunas commented “ we are thrilled to announce that these two cutting edge DeFi projects are joining forces and Soldex becomes a part of the Alfprotocol family.”

Soldex General Manager Iaroslav Osipov explained that “in practical terms, Alfprotocol is merging with Soldex. But in this case a joint venture would be a better term to use than merger as we will work as equal partners and leverage the tremendous synergies this partnership presents”.

The process to integrate the technology , team and business has already begun. The internal teams have join and thus there are now increase efforts for further development. Stronger efforts to promote the whole platform including access to additional capital, access to more liquidity. More security since Alfprotocol team has already launched complex yet secure products. Access to more DeFi users and a wider network of connections. The two CEOs have stated that it’s all hands on deck and heads down working hard throughout the bear market with the promise of many exciting updates to come over the weeks and months ahead.

About Alfprotocol

Alfprotocol is a protocol for capital deployment on Solana. For the purposes of liquidity provision and yield farming, both with and without leverage.

 Website ♦ Twitter

About Soldex

Soldex, the fastest, easiest, and most user-friendly third-generation DEX being built on Solana. Soldex is resolving the issues faced by order-matching centralized exchanges and trustless custody within current decentralized exchanges.

Website | Twitter

SOURCE

https://soldex.medium.com/soldex-is-forming-a-joint-venture-with-solana-defi-project-alfprotocol-a5245352a4b8

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IDO Details

The key Alfprotocol IDO details are as follows:

1. Whitelist date: 6:00 am 10th of June 2022 UTC

2. Whitelist closed: 4:00 am 14th of June 2022 UTC

3. Sale date: 8:00 am 14th of June 2022 UTC

4. Sale closed: 8:00 am 16th of June 2022 UTC

5. USD$50,000 of $ALF will be available through the IDO, totalling 7,142,857 tokens

· The pool selling is adjusted as follows:
8:00 am UTC 14th — 8:10 am UTC 14th (whitelist winners only)
8:10 am UTC 14th — 8:00 am UTC 16th (for any users)

1. Min investment: $100

2. Max investment: $4000

3. IDO Price: $0.007

4. Currencies: USDT

5. IDO Type: FCFS

6. Sale Network: BSC

7. Token Network: SOL

8. Selected addresses for whitelist : 50

9. Vesting Period: 20% at TGE, 20% monthly

Whitelist details

In order to qualify for the DAOStarter IDO and to get whitelisted, you need to fill out the Whitelisting form (link below) :

https://docs.google.com/forms/d/e/1FAIpQLSdZC12wxxUf9Htf-9MBSDDlSYxVIp_RK7wJxcocXQMFGitbng/viewform?usp=sf_link

Within the form, you will need to:

1. Confirm your email address

2. Twitter handle(Username)

3. Telegram handle(Username)

4. BSC wallet address

5. Set your NFT avatar on DAOStarter

6. Join The Alfprotocol Telegram

7. Follow Alfprotocol on Twitter

8. Join the DAOStarter Telegram Group

9. Follow DAOStarter on Twitter

10. Follow Promotional Hub on Twitter

11. Follow DAOStarter Telegram Channel

12. Follow DAOStarter Discord

12. Tag 3 friends in comments, and retweet the following tweet

Once you have completed all fields, submit the form.

Please Note:

Whitelist entries will be screened, with the following to be disqualified from participating in the IDO:

1. Invalid wallet addresses, Twitter and Telegram accounts

2. Entries made by bots

3. Duplicate entries

4. Incomplete entries missing any of the form criteria

After the whitelisting form closes, a randomized draw will generate a list of users approved for participation in the IDO. Approved users will receive an email from sale.

Important

· The Alfprotocol team will NEVER message you first on any social media platform

· Users do not need DSTs to participate in whitelist activities

About Alfprotocol

Alf is a protocol for capital deployment on Solana for the purposes of liquidity provision and yield farming, both with and without margin of up to 200x.

The protocol introduces its own versions of an invariant-based Automated Market Maker protocol for exchange operations and a money market for short-term loans.

Website | Twitter

About DAOStarter

DAOStarter is a public token launchpad, serving crypto investors & projects. DAOStarter is deployed on BSC, Ethereum, and Polygon.

As the final bridge between early-stage projects and the crypto community, DAOStarter will pay more attention to project research & value evaluation to reduce the risk of investors.

Website | Twitter

SOURCE

https://medium.com/@DAOStarter_/alfprotocol-whitelist-for-daostarter-ido-is-now-open-9d7ed7098671

The post AlfProtocol Upcoming IDO on DAOStarter! appeared first on Smart Liquidity Research.

AlfProtocol, a capital deployment protocol on Solana for liquidity provision and yield farming, launches a staking dApp for SPL tokens!

Alfprotocol developed and launched its Staking solution that lets other Solana-based projects launch their staking pools securely and straightforwardly.

Alfprotocol recently announced its partnership with Soldex, a native, scalable and decentralized exchange governed by the community, to expand Token Utility. SOLX token will also be available for staking in Alfprotocol staking dApp for SPL tokens, marking a significant milestone for the Soldex team and the entire Soldex user base.

In this article, let’s dive deep into the Staking dApp to learn how users can start using and staking into the available staking pools.

After visiting https://staking.alfprotocol.com/, you will be prompted with the Staking dApp interface:

You will see available staking pools. In this example, you can see Soldex (SOLX) two staking pools with different staking periods and APRs.

How to start staking:

• In order to start staking into the pool, you will have to connect your Solana wallet. To do that, click the “Connect Wallet” button on the top right corner of the dApp.

• You will see the popup with all available and compatible Solana wallets. Choose the one you have, and connect it to the dApp by approving the connection.
• Next, you will have to click on the Stake button, and you will see the following interface (Please note, that if you don’t have any SOLX tokens in your wallet, you won’t see a Stake button!):

• You will have to enter the Stake amount and confirm the transaction by clicking the Stake button.
• After the successful transaction, you will now see the staked balance and pending rewards:

• Your pending rewards will be accumulated automatically. You will be able to claim your staked balance and all pending rewards at the end of the staking period by clicking the View button and Claim Rewards.

About Alf Protocol

Alf Protocol is a capital deployment protocol that enables liquidity provision and yield farming, 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.

 Website ♦ Twitter

⏩ SOURCE

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