AlfProtocol Airdrop Review: The Simple Tasks to Earn Entries

About AlfProtocol Airdrop

AlfProtocol Airdrop 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.

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Evan Luthra

Evan is Forbes 30 under 30 winner, at 27 years old he has an already impressive resume and career history.

Over the past five years, Evan has built and invested in over 300 companies across several verticals.

Evan is also a well known influencer with millions of followers across various Social Media platforms and have been featured on multiple TV shows and press sites.

Evan is an accredited Angel investor and invests in a variety of digital projects and businesses.

Luthra is also a featured speaker at several universities around the globe, having taken centre stage at the United Nations, Google, Nielsen, Delhi University, Washington State University, and more.

Evan believes in in stepping out of the comfort zone and exploring the power of conceptualization, innovation and execution.

There are four sources of yield in Alf:

Interest rate paid by the borrowers who need short-term access to liquidity (this notion also includes arbitrageurs and other users of the flash loan functionality).

Leveraged protocol profit fee on auto-compounded yield rewards

Trading fees from AlfMM, the internal AMM DEX solution.

And token incentives nominated in the platform token (ALF), paid to incentivize liquidity provision in certain pools.Join Private IDO Pre-sale

Arbitrary Invariant Swap Markets

One of the notable achievements of Solana network is the possibility (and implementation) of an on-chain AMM DEX, Serum. Naturally, Serum shares the level of decentralization with the network itself, which is considered reasonable in the industry, —and thus Serum is the go-to exchange on Solana.

While having an orderbook and a matching engine works well for the non-cryptonative audiences, —including professional TradFi traders and market makers — it is not excessively convenient for liquidity providers coming from the DeFi world, or the wider investor audiences that do not have connections (or capital) to provide liquidity on an order book exchange efficiently.

Arbitrary Curve Markets

While they generalize well and are unsophisticated, capital inefficiency (as described in the previous section) is always a factor. An alternative approach for increasing capital efficiency, notably pioneered and implemented by Curve, lies with usage of curves that allocate more liquidity towards the current reference price and less towards the price extremes. Implementing arbitrary curves falls out of the scope of AlfMM during the initial rollout phases, but they remain an important possibility to further amplify the benefits for the protocol and therefore will be tested extensively during later development stages.

Lending & Borrowing

The second protocol in Alf is a money markets solution: Allotment Alf (AAlf). It utilizes tokenized single-asset liquidity pools for lenders (liquidity providers) and overcollateralized debt positions for borrowers. Each asset supported by Alf has a corresponding liquidity pool in AAlf, available for LPs and borrowers.