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Dear Alfprotocol community,
We’re stepping into another exciting year! In this article, we would like to go ahead and explain our plan for 2023. Please keep in mind that some things are subject to change depending on the market conditions and overall situation.
So, here’re the key priorities for 2023:
ALF Token Listing
We had some delays with the listing last year but thanks to our community we all remained calm. The listing delays happened because of the extremely negative market sentiment. For 2023, one of the biggest aims is to list the token. And we’re planning to do so within Q1 of 2023. We cannot delay indefinitely but we will do everything in our hands to provide as smooth and as successful listing as possible.
Leveraged Yield Farming Development
We already released a BETA version of the ALF Leverage protocol and we aim to complete the development fully within the Q2 of 2023. The full version will include automatic maximum leverage calculations, liquidation bot improvements, and smoother transaction handling. This is a very complex development process that is dependent not only on our developers but also on the Solana updates and other DEX’es as well. Once again, we will do our best to adapt to the latest.
Alfprotocol Homepage v2
We want to completely refresh the look of our homepage to make it more adapted to the protocol being released. We have a design in mind and we will implement it within the first part of 2023.
Protocol Dashboard Development
This is an important piece of information for the protocol users. Its main goal is to provide useful information about the total amount of liquidity deposited & borrowed, top liquidity pairs to yield farm, top earning opportunities, and assets with the highest APYÂ %.
Attracting Liquidity
The protocol has no use if the liquidity is low or non-existed. Even though with the current market conditions it’s almost impossible to attract new customers and liquidity, we hope that Solana will see sunshine and upside movement again. And when that happens, we will be there to offer our products to the next wave of Solana projects.
Protocol Security & Safety Audit
That is another very important piece of the overall protocol performance. However, in order to complete the protocol audit, the protocol needs to be fully developed. (because if we change even one line of code after the audit is completed, the audit becomes invalid) That is why an audit will happen only after all crucial transaction-based features are fully developed and released.
Partnerships & Community (Marketing)
With the current conditions spending on marketing makes no sense. But that will change as soon as we receive some positive market sentiment. We expect that to happen throughout 2023 and we will be ready to be seen by the public and web3 communities. We will aim to create new partnerships, build an even stronger community and attract more general interest to the project.
2023 will be an interesting year to experience in the world of Web3 & DeFi. Stay tuned for the latest updates and thank you all for your continued support.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.