Lightning-Fast Solana Empowers ALFPROTOCOL’s Decentralized High-Leverage Positions
24 Novembre 2021 - 11:38AM
NEWSBTC
Automated market makers (AMM) are becoming more popular as
innovation and development in decentralized markets continue to
accelerate. In the past two years, the demand for alternatives to
centralized exchanges has been growing exponentially with the
introduction of “Know Your Customer” (KYC) regulations and the
implied interest shown by the “Securities and Exchange Commission”
(SEC) on cryptocurrencies and crypto exchanges. In addition, as
decentralized exchanges’ customers’ numbers continue to increase,
more and more products and services are being introduced to cater
diverse interests of new users. Alfprotocol will utilize Solana’s
blockchain to expand on decentralized liquidity provision and yield
farming with previously unseen leverage ranging up to 20x. The
protocols will efficiently handle capital deployment between
traders and investors to maximize liquidity provision (LP) for
AlfMM (a decentralized exchange service) and AAlf (an
overcollateralized borrowing service) for unleveraged liquidity
while providing leveraged liquidity via external protocols which
are handled by one of the protocols associated with Alfprotocol.
Alf Leverage 101 Solana’s Alfprotocol comprises several modules
that will work together to provide users with a complete
intermediary product that will facilitate liquidity provisions. The
treasury is one of the core modules that will handle collateral and
the tracking of leveraged positions. It is the basis of all user
interactions with the leverage protocol and will be responsible for
any borrowed funds on behalf of users. The treasury module will not
handle any position initiation or liquidation; the liquidation of
unhealthy positions will therefore be the responsibility of the
second module, which is the auction module that will get triggered
by the treasury. Another core set of modules are the protocol
connectors that are responsible for initiating and modifying
positions triggered by the treasury module; these modules are
responsible for connecting the treasury with the users and with
external liquidity pools so long as the positions remain in a
healthy state and are not subject to a liquidation trigger.
Alfprotocol will continue developing and expanding connector
modules to other Solana platforms to incorporate more use cases
that suit users’ requirements. The final module is the lockbox
module that will secure the collateral and track the value of
positions. Lockboxes will be automatically created for leveraged
users’ positions by initiating a wrapper on the deposited tokens to
incorporate them into the Alfprotocol. Alfprotocol is an extensive
protocol with many underlying advantages and high leverage
liquidity, providing solutions for decentralized markets traders
and investors using the Solana blockchain. Alfprotocol is currently
in development. To find more info about the project and stay
updated with the project’s current progress, please visit the
website and check out the whitepaper.
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