• Alfprotocol was born as a Solana-based platform.
• Alfprotocol has been created to increase liquidity both with leverage and without.

Alfprotocol, a Solana-based platform was created to maximise liquidity both with and without leverage. Alfprotocol actually consists of a set protocols which provide capital decentralized to traders and investors.

With the goal to maximize the provision of liquidity with leverage and without, the protocol will provide unleveraged services in the form of AlfMM (a decentralized exchange service) and AAlf — an overcollateralized borrowing service.

Alfprotocol manages the leveraged liquidity by one of its modules. This module interfaces with protocols like Solaris or Jet Protocol and allows Alfprotocol to offer products up to 200x leveraged.

Due to its strong characteristics, the Alfprotocol team preferred blockchain. The transaction volume per second is also significantly reduced, which reduces the time it takes to complete transactions.

Alfprotocol’s fast response time will permit him to manage position liquidation safely and cover all assets for the liquidity provider.

Note that Solana’s lightning-fast latency is reportedly 27.5 times faster than Ethereum’s. Alfprotocol team states this makes it safer for investors. However, timely liquidation events will still be required for cases with high leverage.

Not to mention that Alfprotocol’s potential lies in its diversity and flexibility to satisfy traders and investors in a decentralized environment, with the security and protection that the Solana ecosystem offers. Alfprotocol, currently in development, can be viewed on the website. Also, the whitepaper is available.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. The information contained in this article shouldn’t be taken as advice. CoinQuora urges users to conduct their own research prior to investing in cryptocurrency.

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