Here is Solana-Based Alfprotocol CEO’s Interview!

I was recently interviewed by Matas Sauciunas, CEO of the Alfprotocol project, one of the most exciting DeFi projects of the year. Matas and his team provided substantial Venture Capital funding, which they used to develop a protocol for capital allocation in Solana for the purpose of providing liquidity and yield farming. Alf aims to be the place of choice for Blockchain liquidity, initially starting on Solana and then potentially expanding to other chains. Matas is passionate about the Solana ecosystem and how its low fees and extreme speed give it the potential to become a leading Tier 1 solution, and his team is a core part of Solana’s local decentralized services. People can’t wait to watch this dynamic team and project grow stronger in 2022. Here is Matas’ interview…

Interview with Alfprotocol CEO

Hi Matas, thank you for taking the time to do this interview. Knowing that the development of the protocol continues, I can only imagine how intense everything has been for you. Could you please explain in simple terms what Alfprotocol is?

Hello. Yes, it’s been very busy for us, but still, it’s great to meet and talk to you today. I get this question quite often because of the complexity of the project. So my usual answer is that Alfprotocol is a decentralized application built on the Solana Blockchain. By transferring tokens to the protocol to earn interest, you can become liquidity providers by supplying tokens to farms and using our in-house built decentralized exchange, which allows them to borrow some funds for external use by providing collateral. You can earn Yield farming and token rewards. What is unique is that Alfprotocol provides leverage for users to use to increase position size while investing in liquidity supply.

The idea you and your team are building sounds complex but exciting! Can you tell us a little more about Decentralized Finance (DeFi)? Why is DeFi talked about so much and what is your personal view on the future of DeFi?

DeFi allows users to use financial services such as lending and borrowing without centralized intermediaries. It also offers endless opportunities to create different protocols that provide unique use cases of the decentralized money market. Crucially, DeFi has grown 88 times last year and is expected to grow 10 times this year. In addition, DeFi only accounts for 5-6 percent of the entire cryptocurrency market cap. That stat alone gives me the idea that we’re still in the early stages of DeFi and could lock in a good spot in the ecosystem itself.

Thanks for your explanation. Alfprotocol chose the Solana Blockchain to work on. Why Solan?

Above all, Solana is experiencing tremendous growth in the eyes of developers and investors. And there is a reason for this interest. In addition to the Solana Blockchain being super fast and cheap, Solana’s entire ecosystem is growing rapidly. We chose Solana because we are building a leveraged protocol. That’s why we need a blockchain that is super fast for transactions and at the same time inexpensive to use. Solana can provide that. Also, DeFi protocols in Solana are still in the early stages. So we have a great opportunity for the future of Solana and we aim to be the hub of DeFi in Solana.

Thank you. As you pointed out, Solana is definitely on a major growth trend. The decision of you and your team to develop this fast and inexpensive Blockchain makes sense. Can you talk about the three most important advantages of Alfprotocol?

Definitely. The first advantage will be that users will have an all-in-one place for all DeFi services that are not widely available in the ecosystem at the moment. This means users have to move between different protocols. The second advantage is that risk-seeking traders have the opportunity to use higher leverage (up to 200x in some cases) to provide liquidity. Of course, high leverage usage will be highly monitored and available for a limited time for farming and users. And the last advantage is that all team building and collaboration on protocol is transparent and development status, training material etc. It provides regular updates on Therefore, it is very important to have a strong and transparent team behind the protocol.

Definitely. Transparency and regular communication with the community is always required. Matas, I’d like to ask a few more questions. At what stage is your project currently and who are the current supporters of Alfprotocol?

Currently Alfprotocol is in early development. We aim to perform our public IDO in the second quarter of 2022 and launch a fully working protocol by the end of the third quarter of 2022. The MVP release of the protocol is expected in early 2022. The current backers of the project are Zen Capital, Dust Ventures, DIB Ventures, SRT Ventures, Alpha Hunt and Scorpio VC.

Finally, how can users participate in the first phase of Alfprotocol?

Users have the opportunity to implement the allocation of Alfprotocol tokens at this early stage of the protocol, just as Venture Capital companies do. We call this phase the Pre-IDO phase and it is available on our website. Alternatively, users can deposit[email protected] They can send us an email titled “Pre-IDO phase” via Our officials will respond and assist with the allocation process.

Thank you for answering all questions! It was great talking to you and I wish you the best of luck in the future of Alfprotocol!

It was also very nice talking to you, thank you for your time.

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