Interview with Alfprotocol CEO: “We aim to become a homepage for DeFi on Solana”

cryptonews.com:

Disclaimer: The text below is a press release that was not written by Cryptonews.com. 

Recently we sat down with Matas Sauciunas, CEO of one of the most exciting DeFi projects of the year: ALF Protocol. Matas and his team have already secured significant Venture Capital funding which they have used to develop a protocol for capital deployment on Solana for the purposes of liquidity provision and yield farming. Alf aims to become the go-to place for blockchain liquidity, initially launching on Solana and then potentially expanding to other chains. 

Matas is passionate about the Solana ecosystem and how it’s low fees and extreme high speed give it the potential to be the leading Layer 1 solution, and his team is building out a core piece of the Solana native Decentralized FInancial services. I trust you enjoy this conversation as much as I did and I look forward to watching this dynamic team and project go from strength to strength in 2022. 

Interviewer: 

Hi Matas, thank you for setting aside the time for this interview. I can imagine how busy everything is at your side, knowing that the development of the protocol is well underway. Please, could you explain in a simple way what is Alfprotocol?

Matas:

Hi there. Yes, everything is super busy on our side, but anyway it’s great meeting you and speaking with you today. I get this question quite often because of the complexity of the project so my usual reply is that Alfprotocol is a decentralised application built on the Solana blockchain that lets the user supply their tokens to earn interest, borrow some funds for outside use by providing collateral, use our in-house built decentralised exchange & become liquidity providers  by supplying tokens to the farms and earn yield rewards