Indian Billionaire Evan Luthra Joins Alfprotocol Advisory Board
10 Marzo 2022 - 7:09AM
NEWSBTC
The investment mogul will serve as a top advisor for the rapidly
expanding protocol. New Addition The advisory board of the
Alfprotocol has been reinforced with the presence of Indian
billionaire Evan Luthra. Luthra invests in fast-growing
technologies through his funding venture Startup Studio Online.
Over the past five years, Luthra has built and invested in over 300
companies across a variety of divisions. These include food tech,
travel, fintech, nightlife, food and beverage, lifestyle,
artificial intelligence, entertainment, fashion, mixed reality, and
more. Some renowned names like Snapchat and Eaze.com are a part of
his portfolio. All of these companies have a combined market
capitalization of US$ 1 billion, according to the billionaire’s
website. Aside from being a certified Angel investor, he’s jumped
into the blockchain area. We’re happy to announce that @EvanLuthra
joined Alfprotocol advisory board! 🔥👀 We’re thrilled to start
working with Evan for the future of Alfprotocol! Welcome, Evan 👋🏼
#DeFi #Solana #cryptocurrency pic.twitter.com/thADQ8HL8f —
AlfProtocol (@AlfProtocol) March 9, 2022 A Growing Interest in
Alfprotocol Luthra has now joined Alf’s board of advisors. His
areas of interest include the success of the Alf Project and the
potential for blockchain technology to improve the lives of
millions of people around the world. He looks forward to bringing
his spheres of influence to improve on the project and its goals,
as well as work with the team to achieve success. “Alfprotocol can
set the new standards of DeFi on the Solana blockchain. After the
call with the CEO, it is clear that the team competence and
experience is high enough and It’s great to join the advisory board
of Alfprotocol!” a statement by Luthra reads. “It’s a great
achievement to onboard an advisor such as Evan. His experience,
value, and massive worldwide influence are priceless and I’m
thrilled to start working with him!” Alfprotocol CEO Matas added.
The Alf Protocol is a new platform that can overcome most if not
all the limitations in the current DeFi industry. Alf is in its
early stages and is in need of support. This is where the
Alfprotocol advisory board comes in. The advisory board will
provide Alfprotocol with guidance and support to help with the
development of the Alf protocol. More About Solana’s Alfprotocol
Alf is a protocol for capital deployment on Solana for the purposes
of liquidity provision and yield farming, both with and without a
margin of up to 200x. In order to facilitate exchange operations,
the protocol introduces its own Automated Market Maker (AMM)
protocol and a money market for short-term loans. The mechanism for
leveraged LP positions in AMM pools, as well as yield farming
techniques, are the most important contributions to the Solana
ecosystem. Through the connection of low-risk, low-effort investors
who provide liquidity to lending protocols with risk-seeking,
active management investors who concentrate on leveraged liquidity
provision and yield farming positions. Blockchain technology is
transforming the world. With the advent of smart contracts and
tokenization, blockchain has found its way into many industries.
While the technology is still in its infancy, there are many
challenges that need to be overcome for it to become more
established. One of the concerns is liquidity and the ability to
buy and sell quickly. Alf will help to improve capital efficiency
and facilitate more liquid blockchain asset class markets,
according to the team.
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