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Good day Alfprotocol community!
The markets are starting to look attractive againā¦ unfortunately, the interest in DeFi on Solana is still quite down, but nevertheless, weāre still building.
At the current time of writing, our domain alfprotocol.com is under investigation by our domain provider. Seems like thereāre some issues with their servers, so the website is down for the moment. This should be fixed at the earliest opportunity, meantime we moved our Staking dApp to a temporary domain staking.soldex.ai so you can access it without anyĀ issues.
Development statusĀ update
For the time being, weāre still working under the hood of the leveraged yield farming provision. The developers managed to fully compile it and test it on a devnet, but on a mainnet things are a bit more complicated. So our priority remains to finish the leveraged yield farming functionality and release it to the mainnet as soon as possible. We expect this to happen within the next few weeks. (Yes, we delayed that by a bit, as developers needed more time to research the issues. Crypto developers community forums are quite silent these days, so finding answers isnāt theĀ easiest)
Once leveraged yield farming will be released, users will be able to open leveraged positions using Raydium liquidity pools. More technical explanations about it will come out as soon as the ALF Leverage is ready asĀ well.
ALF token listingĀ update
Next week, on Monday weāre having preferably the last call with the exchange to finally come to an agreement for the token listing. If the agreement is made, weāll begin the listing procedures. We cannot give an exact date just yet, but usually, as the exchange representatives said after the signing of the contract the listing happens within 2ā3 weeks. So rough expectations would be the end of November or early December.
Current challenges
For the time being, the biggest challenge that Alfprotocol is fighting is attracting liquidity. Without the liquidity, the protocol itself is in a way āuselessā. Weāre expecting that liquidity attraction will be way easier as soon as the interest in Solana and the overall DeFi sector is back and more people and/or projects will deposit their assets in a more diverse range of DeFi protocols.
Weāre doing our best to survive this bear market and continuously build the protocol. We expect support from our community, especially after the token listing. We all want to have a successful launch!
Disclaimer
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