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Hi!
First of all, thanks for being a part of the Alfprotocol community. We really appreciate each and every one of you here. As you already know, we strongly believe that regular updates and transparency from the team are key to becoming a successful project. In this community update article, we’ll go through the latest development status and other key elements of the project.
Alfprotocol Development Update
After our last dev. update we finished polishing the Allotment ALF module and we’re happy to say that it is working fully as expected right now. The deposit and borrowing rates formula have been adjusted correctly and other major bugs have been fixed. Happy to say that Allotment ALF is ready for the audit process.
At the moment and for the next 2–4 weeks our lead developers will be finalizing the release of the ALF Leverage module (they’re just a bit stuck on some nasty bug now). ALF Leverage will enable users to borrow from the Allotment ALF while entering into the yield farming position on Raydium, Orca & other DEX’es. Besides the ALF Leverage module, we’re polishing the Profile module & planning to start the Dashboard development as well.
In simple terms, we have plenty of work to do, but we’re extremely happy that the development of the protocol is going as planned with very slight delays and huge progress has been made already.
Other Important Updates
Once the ALF Leverage module will be completed and polished, we will go for the audition process for the protocol. Once the audit is completed, we’ll be able to start attracting institutional liquidity to the protocol.
We’re closely talking with the exchanges to start the ALF token listing procedures. During these complicated market conditions listing requirements and conditions are pretty complex but we had some successful e-meetings with the exchanges and more information about the listing should be released soon. But rest assured that we’re working on the listing procedures to take place at the earliest and most optimum opportunity.
Disclaimer
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