AlphaFi’s First 100 Days: Recap and What’s Coming Next
We want to begin by thanking each and every one of you for your continued support of AlphaFi. Our focus has always been on building a sustainable protocol that delivers long-term value for all AlphaFi users, and we are excited to share the progress we’ve made over the first 100 days.
Key Milestones
User Growth:
In the first 100 days, 2,050 users have joined AlphaFi, deposited assets, and remained active on the platform. This averages over 20 new users per day, but recent growth has accelerated, with around 30 new users joining daily, putting us on par with other top DeFi protocols on Sui.
Total Value Locked (TVL):
AlphaFi’s TVL has grown to over $46 million in assets deposited on the protocol, reflecting the trust users have placed in the platform and the real demand for a premium yield aggregator on SUI. This includes:
- 9 LPs from Cetus, which added $19 million in TVL.
- 5 single asset vaults and the first looping SUI vault from NAVI, contributing $19.5 million in TVL.
- ALPHA-only vault, contributing roughly $9.5 million in TVL.
Smart Contracts Performance:
Over the past 100 days, our smart contracts have executed over 20,000 autocompounds, compounding rewards and interest every 30 minutes for every user in every vault. This continuous compounding ensures users’ returns are maximized efficiently.
Cetus LP Vault Rebalancing:
The Cetus LP vaults have completed over 230 rebalances, ensuring that all user funds deployed in these strategies are optimized to earn the best yields with 100% uptime — meaning they are always within the optimal price range to generate returns.
Reserve Balance:
Our reserve balance has grown to $308,000. As a reminder, 20% of all protocol fees are directed to the reserve, a core part of our tokenomics. The reserve balance is publicly viewable here: AlphaFi Reserve Balance.
ALPHA Airdrop:
We successfully airdropped 250,000 ALPHA tokens, worth approximately $400,000 at the time of the airdrop, marking a key moment of rewarding early adopters and stakers.
Fee Generation:
Over the past 100 days, AlphaFi has generated an average of $8,000 per day in non-ALPHA assets and approximately $8,000 per day in ALPHA fees. This is another strong indicator that there is a lot of demand for our protocol.
Integration with HOP Swap Aggregator:
We’ve successfully integrated the HOP swap aggregator, allowing users to swap assets on AlphaFi without leaving the platform, further enhancing the user experience.
Looking Forward
As we enter the next 100 days, our focus will be on several key areas:
- Site Optimization: We will continue to fix bugs and optimize the site to improve the overall user experience.
- Vaults Page: We’re developing a detailed vaults page that will provide users with comprehensive information on each vault strategy, making it easier to understand how their assets are being optimized by the protocol smart contracts.
- Analytics Page: Users will soon have access to an analytics page, where key platform-specific data will be easily accessible.
- One-Stop Platform for the Best Yields on Sui: We’re enhancing our platform with more capital-efficient strategies, including the introduction of high-yield, single-asset strategies like the new NAVI looping strategies and Cetus liquid staking liquidity pools. Additionally, we plan to integrate more protocols, starting with Bucket Protocol. Our advanced strategies will harness Sui’s composability to seamlessly combine multiple protocols, delivering the highest possible yields on blue-chip assets across the network.
- Security Focus: We remain committed to security and plan to begin an additional audit to further enhance platform integrity and ensure the safety of user assets.
- Zap In and Out Feature: We are introducing a zap in and out feature, powered by 7k aggregator, which will solve the issue of users needing to deposit two assets at the correct ratio. Our strategy will handle this automatically for the user.
- Enhanced Swap Experience: One of the most popular features of AlphaFi is our Swap. While we currently use Hop under the hood, we are transitioning to a system that leverages multiple swap aggregators to find the best rate for your swap. This process will be seamless for you — simply make your swap, and you’ll likely get the best available market rate without the need to compare various platforms yourself.
Long-Term Game Plan
Our long-term game plan at AlphaFi consists of three key stages:
- Building the Best Yield Aggregator on SUI: Today, we are the number one yield aggregator on SUI by TVL and users, and we want to ensure we never lose focus on this. We aim to continue being the go-to destination for SUI DeFi users seeking the best, safe, and real yields.
- Crafting Capital-Efficient DeFi Strategies: Our focus is on building strategies that prioritize safety and sustainable, real yields. Crypto has historically seen many cycles, and we are committed to ensuring our strategies function effectively in bull, bear, and fat markets.
- Innovating for the Ecosystem: We are taking a long-term view and planning to create a first-to-market product on SUI that will help the entire ecosystem grow and thrive.
Thank You
We want to thank each of our users once again for being part of the AlphaFi journey. Your support and feedback have been invaluable, and we look forward to continuing this path of innovation, growth, and shared success.
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