Alfprotocol announced that it has formed a joint venture with Solana-based DeFi protocol, Solana decentralized exchange (DEX) Soldex. This is in line with the Alfprotocol vision and mission to be the DeDi point on the Solana Blockchain.
Two major technologies are integrating
Alfprotocol is a complex platform that provides leveraged liquidity and returns to traders and investors from different risk categories. Having one of the leading Solana DEXs provides the perfect infrastructure to scale their business and the perfect sandbox for robust testing and auditing before rolling out new features. The two projects are technically beneficial to each other, and Soldex DEX and double prize farming are comprehensive technology to enhance the Alfprotocol DeFi ecosystem.
“We are excited to announce that these two cutting-edge DeFi projects have joined forces and Soldex is part of the Alfprotocol family,” said Matt Sauciunas, CEO of Alfprotocol. Soldex CEO Iaroslav Osipov explained that “in practical terms Alfprotocol has merged with Soldex, but in this case a joint venture would be a better term than a merger as we will work as equal partners and benefit from the tremendous synergies this partnership offers.”
The process of integrating technology, team and business has already begun. Internal teams have joined and therefore there are increasing efforts for further development and stronger efforts to promote the entire platform, including access to additional capital, access to greater liquidity, greater security, as the Alfprotocol team has already launched complex yet secure products. DeFi users and a wider network are available. The two CEOs stated that everything is ready and working hard through the bear market with the promise of many exciting updates to come over the coming weeks and months.
About alfprotocol
Alfprotocol is a protocol for capital allocation in Solana for both leveraged and unleveraged liquidity provision and yield farming.
About Soldex
Soldex is the fastest, easiest and most user friendly third generation DEX built on Solana. Soldex solves problems with order matching, centralized exchanges, and fiduciary custody on existing decentralized exchanges. To learn more about the Alfprotocol technology and ecosystem, you can review the links below:
- Email – [email protected]
- Telegram – https://t.me/alfprotocol
- Discord – https://discord.gg/WBmKUH4rk2
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