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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Partnership HighLights

Through this partnership of Soldex with Zebec, they will be using Zebec for Multisig Treasury Management feature!

Zebec is a revolutionary DeFi technology that empowers real-time, frictionless and continuous streams of payments.

The Soldex protocol will power the new wave of flexible financial markets by serving as a foundation layer for settlement, market making, custody and liquidity.

Introduction to Zebec

Zebec is a revolutionary DeFi technology that empowers real-time, frictionless and continuous streams of payments. The automatic money streams made possible through Zebec allow businesses, employees and consumers to completely reimagine how they are paid, how they invest and how they buy products or services.

Their mission is to allow direct and instant financial transaction settlements between parties, without the need for any intermediaries.

Their vision is to displace the traditional financial system.

Brief Introduction to Soldex

Soldex is one of the first basic decentralized exchanges (DEX) built on Solana. Soldex allows users to conduct peer-to-peer transactions in a safe and reliable manner, with liquidity provided by users. Third-generation cryptocurrency exchange tat 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 Zebec

Zebec is a revolutionary DeFi technology that empowers real-time, frictionless, and continuous streams of payments.

Website | Twitter

About Soldex

Soldex is a native, scalable and decentralized exchange governed by the community. Powered by Solana.

Website | Twitter

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Soldex, a native, scalable and decentralized exchange governed by the community, built on Solana, launches its SOLX Single Token Staking.

The SOLX  single token staking for Soldex holders launches to earn incredible rewards simply by depositing your SOLX in one of the staking pools!

What is Staking?

Staking is a process where you earn rewards for holding your crypto coins for a certain period in a crypto wallet. Staking is similar to fixing your money in a high-yield fixed deposit account in a traditional bank. When you do this, the bank lends out your money to others, and they then offer you a tiny portion of the interest earned. However, you will be unable to move your money during that period.

Similarly, when you stake your tokens or coins, they are locked for some time. During this period, you will be unable to sell or move them. But you’ll earn much higher returns compared to the bank interest.

How to stake SOLX

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

Simple steps to stake SOLX in the staking pools:

• Visit https://staking.alfprotocol.com/
• Click the “Connect Wallet” button on the top right corner of the dApp.
• Click on the Stake button
• Collect rewards

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

About Soldex

Soldex is the fastest, easiest, and most user-friendly third-generation DEX built on Solana. Working on all market conditions, 24/7, with emotionless machine-learning and neural network algorithms, Soldex is the next step in DeFi evolution. Soldex will resolve the issues faced by order-matching centralized exchanges and trustless custody within current decentralized exchanges.

Website ♦ Twitter

⏩ SOURCE

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