Solana-based platform provides higher APY for investors with DeFi protocols for leveraged yield farming
Many have recognized that on the path to achieving real and long-lasting financial freedom is earning passive income, a way to make an investor's wealth work for them. The key is that as soon as an income stream can supplement your income, users can retire earlier and have more time to explore their passions.
Financial freedom used to mostly include those who have come to retirement age and have worked stable jobs with a steady income, as they slowly began saving and putting their wealth away in long-term investments to grow over 40 or 50 years. While this model is not yet obsolete, the DeFi world has since introduced alternative ways to achieve the same outcome, financial freedom. At perhaps, what might be a fraction of the time.
Interest rates earned in a traditional savings account have since dwindled, making the concept of decentralized finance or "DeFi" ever more appealing. By eliminating intermediaries and providing more profitable opportunities for investors, the demand for leverage growth and associated annual percentage yield (APY) has increased as well. The result is that by locking funds up in a smart contract instead of the bank, any user can earn a passive income of more than the standard 0.5% offered by the bank.
As new platforms and other earning opportunities are made available, investors now face a new challenge of optimizing their returns. While some have taken to switching between networks and platforms in search of the highest payoff, others have taken to leverage.
To prove this benefit to investors, the Alf Protocol has emerged on the Solana (SOL) chain as a medium for capital deployment and offering users liquidity provisions and yield farming. Through the use of these protocols, Alf has demonstrated
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