The Web3 you were promised. High-performance Layer 1 PoW network enabling scalable, easy to use, and aligned crypto applications. No tradeoffs. Powfi is LIVE💥
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Joined September 2018
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Powfi is now LIVE! 💥
The first two foundational layers of $ALPH DeFi are now available:
▪️ Concentrated liquidity
▪️ ALPH liquid staking
That also means:
▪️ ALPH x USDT liquidity can now be provided through the CLMM.
▪️ ALPH can now be staked for xALPH.
▪️ Other markets can also be added to the CLMM.
More details below 🧵
▪️◾⬛ Block by Block 🔲🔳▪️
Hello Alephium family! 👋
Thanks for rejoining us for another bi-weekly breakdown of what’s being built, which bugs have been squashed, and anything else of merit across both Alephium and Powfi.
💥 Powfi Updates 💥
Our core contributors continue to focus heavily on refining Powfi. If you’d like to support this process, they rely on active users reporting bugs, typically via Telegram, Discord, or Github. If you see something that doesn’t look quite right, or could be improved, please let us know!
🧑🏻💻 Building on Powfi has now been made easier than ever, thanks to the SDK.
🧑🏻💻 The developer kit sets itself up and works with the tools that apps already use, while we’ve also made improvements to integration reliability.
🧑🏻💻 Collecting earned fees when providing liquidity has been made even simpler.
🧑🏻💻 The “Unstaking in progress” section has been renamed for clarity (previously pending unstakings)
🧑🏻💻 Claimed amounts will be displayed on each unstake request, while refund amounts will be shown when cancelling an unstake.
🧑🏻💻 Unlock progress is now shown as a percentage, while the time remaining is shown in hours, not just days.
🧑🏻💻 Remaining unstake amounts are now correctly shown after partial claims.
🧑🏻💻 In the case that a claimed amount is too small to process, an explanation will appear to the user to inform them.
🐞 The devs have resolved a bug previously affecting pools without extra rewards and pools with zero liquidity.
⚙️ Pool rewards APRs now include liquidity mining rewards, not just trading fees.
⚙️ We’ve given APRs a clearer breakdown, so farmers can see exactly what they are earning.
🐞 Swap quotes have been updated on the backend, fixing a previous issue related to insufficient liquidity. Now, the app blocks a swap if it would move the price too much, displaying an “insufficient liquidity” message, so users don’t get a bad fill.
🐞 After solving a UI bug, now, when you add or remove liquidity on a concentrated liquidity position, the fees you can collect will show the correct amount.
🅰️ Alephium 🅰️
📡 A new Full Node (v4.7.2) makes the network handle pending transactions more reliably.
📡 This update is recommended for mining pools and node operators.
📡 We found and fixed a stall issue on the testnet, so builders now have a much steadier test environment before deploying their dApps.
💰 Wallets 💰
🤳 The next release of the mobile wallet will feature several bug fixes, such as:
📱 iPhone users won’t get stuck in a Face ID unlock loop anymore.
📱 Screen brightness will return to normal after you show a QR code.
📱 The “Unstaking” screen has undergone a UI overhaul and improvement process.
☑️ Ledger users will now get a genuinely new address when they create one.
☑️ New community translations continue to bring the wallet to more languages and communities, so thank you for your contributions.
🔌 Integrations & Launches 🔌
📃 The full Powfi documentation has moved to docs.powfi.alephium.org
📃 Previously integrated (and still visible) on the Alephium Docs, we felt it was appropriate for Powfi to get a complete docs site of its own, with:
✅ A “User Guide”, covering wallets, swapping, providing liquidity, staking, and an FAQ section.
✅ A “Developer Guide”, with everything you need to know about integrating Powfi into your dApp.
✅ A new step-by-step guide showing how to create a wallet address in a specific group.
🪙 The KARMA token (from KarmALPH) now shows up in wallets and the explorer.
📹 Alephium collaborated with Crypto With Rico on a new YouTube video (youtu.be/iES_UPNNBnY)
🪧 Campaigns 🪧
🆙 More than 13.1 million $ALPH have now been staked on Powfi, approximately 9.38% of the total circulating supply.
💦 The $ALPH farming campaign is currently 27.7% of its way towards reaching the $200k target.
🌐 Alph.land 🌐
➕ A number of interesting new dApps have been listed on Alph.Land, such as Blockflow Index, Community Powfi Dashboard, Alephium Mirrors, KarmALPH, Synefields, Central Station, and Nóatún.
➕ Bumped AlphLand to a new version.
🏆 On the bounties side, USD-denominated bounties now show the USD amount first in the sponsor dashboard and bookmarks
🐞 A bug that showed inaccurate USD values in the sponsor dashboard and bookmarks has been fixed.
🔐 Profile and notification features now require you to sign in.
🔐 We’ve also tightened cross-site access rules and duplicate-transaction checks to make the platform more secure.
🚧 Work in Progress 🚧
🏗️ Certain users who have funds on groups other than 0 have received errors when trying to swap or stake on Powfi. Due to this, we are working to migrate mobile wallet users to groupless addresses.
🏗️ The first step is to build a migration flow from the legacy grouped addresses to a groupless address.
🏗️ The devs are also working on integrating the Alephium Bridge directly into the mobile wallet.
Block by Block: Edition 2… Complete! ✅
Powfi is less than one month old, but many of you have already staked, provided liquidity, swapped, and more. Thank you for using Powfi, and remember to tell your friends!
See you in two weeks.
▪️◾⬛ More to come 🔲🔳▪️
New Column! ✍️
With traditional PoS staking, users typically choose between earning yield OR using their capital 🤷♂️
@bigpepghost's latest piece explores why xALPH eliminating that compromise is a massive moment for PoW, and why Powfi could signal the start of a new era for DeFi.
👇
alephium.org/news/post/the-p…
AlphScoundrel's stats over the past few weeks are very impressive! 👏👏👏
Have you managed to escape the dungeon?
AlphaScoundrel on @alephium is getting real reps:
• 5,319 games
• 30 on-chain players
• 652 prize payouts to 12 winners
• 122,851 ALPH paid out
• 1,457 deck clears
• 1,436 ALPH live prize pool
Biggest prize so far: 3,566 ALPH.
Play: alphscoundrel.alehpium.org
📹 Alephium Powfi Changes The Game!
We were recently featured by @TheDreamOfReti1 (Crypto with Rico), where he explored Alephium, Powfi, and much more.
In this YouTube video, Rico captures and condenses so much of our technology and PoW DeFi advances in just 10 minutes! 💥
Watch it here: youtube.com/watch?v=iES_UPNN…
The link is:
powfi.alephium.org
use your one click wisely 🪄
GM to the weekenders!
Interesting project launched (beta) by an OG Alephium community member! ⛏️
Check out: karmalph.com
Just in case this one didn't show up on your timeline last weeek...
The "weekly dev update" has a new look, feel, and style.
It'll be published every 2 weeks to take an even bigger snapshot of progress and activity on Alephium.
Here was the first edition 👇
▪️◾⬛ Block by Block 🔲🔳▪️
Welcome to the new bi-weekly breakdown of what's being built, fixed, and shipped across both Alephium and Powfi.
Following on from previous editions like “March to Mainnet”, “Paved with Production”, and the “Weekly Dev Update”, this blockchain broadcast will try to cover an even larger scope to keep you fully informed with the goings-on here.
💥 Powfi Updates 💥
The community has been incredibly eagle-eyed and attentive when it comes to spotting bugs. Thank you to everyone who took the time to share their feedback and reports.
🔀 Some tokens, such as $AURA and solana:864YJRb3JAVARC4FNuDtPKFxdEsYRbB39Nwxkzudxy46 were priced significantly lower than expected. Token price discrepancies have now been fixed, with devs ensuring accurate fiat value retrieval.
🔀 The devs have also addressed the reported issue of Powfi freezing or glitching when entering specific numbers, particular for xALPH.
🔀 After several community questions relating to the technicalities of the “Unstaking” process, more material has been added to the Powfi docs and the FAQ page, as well as communicated on Telegram and Discord to support users.
🔀 Social previews for Powfi and the Bridge website links have been updated.
🔀 Powfi should now display “insufficient liquidity” for amounts exceeding 5 digits, instead of allowing the transaction as was previously happening.
🔀 An interface issue on the “Portfolio” page (Powfi Web UI) was discovered, with the first column in current positions not being “sticky”. This was addressed and fixed by the dev team.
🔀 An error was encountered on Powfi’s “Buy” page when attempting to purchase alephium:native. This has been fixed and redeployed.
💰 Wallets 💰
➕ We’ve added a “service fee” in the mobile wallet for token swaps, with these fees to be used for token buybacks and staking rewards (the aligned economic loop in action)
➕ This fee is deducted from the input amount before the quote is calculated, so the amount our users see already reflects the small deduction.
➕Alephium’s mobile wallet has a built-in browser to connect to dApps (like Powfi) directly from within the app, however, a few edge cases were resulting in a broken connection. This has now been fixed.
➕ The size of injected code in the mobile wallet browser has also been reduced to make loading times faster for users.
➕ v2.7.1 of the mobile wallet launched. After updating the app, users will be able to stake alephium:native natively from within the wallet.
➕Android: play.google.com/store/apps/d…
➕iOS: apps.apple.com/us/app/alephi…
🔌 Integrations & Launches 🔌
↪️ We announced a pilot with @goldshellminer, integrating Powfi's White Label staking solution into Goldshell Stake to offer alephium:native staking directly to their miners.
↪️ Powfi and xALPH were listed on @defillama, the most widely used DeFi aggregator in the world, so that the TVL, trading volume, fee data, and more can be easily viewed and tracked by anyone, helping us reach outside the community.
↪️ Via the @defillama liquid staking section, xALPH now appears alongside established liquid staking tokens, making it more discoverable for people exploring the growing liquid staking space.
↪️ We also integrated @crowdin, an AI localization tool that allows community members to contribute translations in different languages. In the most recent batch, 78 new lines of translations were approved and added.
🪧 Campaigns 🪧
↪️ We published user guides for our staking and farming incentivization campaigns on the official Alephium news page (alephium.org/news)
↪️ @notrustverif launched a community dashboard for tracking active Powfi campaigns, giving real-time data on total alephium:native staked, the % share of circulating alephium:native being staked, and the TVL of the ALPH x USDT pool.
↪️ This tool also shares the current staking APR, the xALPH redemption rate, an “unstaking calculator”, and a page dedicated to real-time staking activity (@defillama TVL chart and a recent transaction feed).
↪️ See the tool: powfi.notrustverify.ch
🌐 Alph.land 🌐
🟢 Blockflow Index is now on AlphLand.
🟢 Powfi Community Dashboard by NTV is now on AlphLand.
🟢 CoinEx is among 3 projects that have been delisted.
🟢 Several new projects are being considered for future listings.
🚧 Work in Progress 🚧
Some fixes are ongoing, with devs rigorously testing mechanisms and improving the code as we speak.
🏗️ APR calculations are being fixed to include farming rewards as well as fees.
🏗️ We are solving an issue where a negative PnL is displayed for LPs when they withdraw or add liquidity to the pools multiple times.
🏗️ The Powfi SDK docs are approaching completion, and will be shared with the community very soon in a dedicated announcement.
Well folks, that’s Block by Block, edition one.
As you know, Powfi has been live for about 10 days and already we can see a fast, open, and productive feedback loop emerging between you and our devs. Thank you for your support and cooperation.
See you in two weeks.
▪️◾⬛ More to come 🔲🔳▪️
This is why the Alephium community is invincible!
Visit @AlphVibes Alephium visualizer and watch the trains fly by!
🚝 adeolu05.github.io/alph-visu…
I turned the @alephium blockchain into a train station.
Every block is a train.
Every transaction is a passenger.
4 platforms, 16 chains, all live.
@zkitbeats thanks for the idea and @cg1_bin thanks for the websocket pr sent.
Come watch it 👇
adeolu05.github.io/alph-visu…
New Article! 📄✍️
@bigpepghost takes a more human look at wallets, funding, staking, liquidity, swapping, and staying safe on Powfi, all explained from a fellow user's point of view.
A new era of DeFi on PoW 💥
Begin reading: alephium.org/news/post/a-beg…
Have we got your attention?
Alephium is inevitable.
Keep going.
💥 Powfi Docs: docs.powfi.alephium.org/
🌐 Ecosystem Explorer: alph.land
🅰️ Alephium Docs: docs.alephium.org/
🌉 Alephium Bridge (ETH/BSC) bridge.alephium.org
🌳 Everything else: linktree.com/alephium
Seen enough?
Ready to dive in?
Join your preferred community:
xitter.cf/alephium/status/208492…
Alephium is where PoW believers come to build and enjoy DeFi.
Start here 🔽
Ecosystem: alph.land/
Telegram: t.me/alephiumgroup
Discord: alephium.org/discord/
Blog: alephium.org/news/
Wallets: alephium.org/wallets/
Github: github.com/alephium
The feeling is mutual! 🤗
Here's to the next 6 months 🙏
And, if you haven't done so already, check out Coinstancy and their brilliant platform 🔽
6 months with @alephium already 💙
We came to deploy liquidity, we stayed for the bromance 🤝
Great team, great vibes, great collaboration.
Coinstancy × Alephium continues 🚀
We'll be joining the panel on tomorrow's X Space with @officialSUNio
Feel free to tune in! 📡
One Ecosystem, Many Assets: How Do Tokens Work Together in DeFi? 🔄
More tokens don’t automatically make a stronger ecosystem. What matters is whether each asset has a clear role—and enough utility to keep it in use.
Native tokens, stablecoins, governance assets, and DeFi tokens may serve very different purposes. The bigger question is what happens after users hold them: Can they trade, lend, provide liquidity, participate in governance, or find new opportunities across the ecosystem?
So what turns a collection of tokens into a functioning DeFi ecosystem—and what keeps that ecosystem active beyond incentives? Join SUN.io and @DeFi_JUST as we bring together builders and industry voices to explore how utility, asset movement, and real on-chain use fit together.
🗓 Time: October 8, 1:00 PM UTC
📍 Link: xitter.cf/i/spaces/1kKzDPLbQVyJv…
🎙 Co-hosts:
@DeFi_JUST, @DCBK2LA
🗣 Guests:
@dylN0chill, @trav_4211, @thecryptocoach, @4ainet, @alephium, @0xXiaoXiong, @geoffreymccabe, @Elyon_Chain
Set your reminder below and join the discussion: What makes a token worth using—not just holding? 👇🔄
ICYMI 👀
The Powfi SDK is LIVE:
👉 docs.powfi.alephium.org
Thread below for more specifics 👇
The full implementation is open source under LGPL-3.0: read it, fork it, contribute.
📦 npm: npmjs.com/package/@alephium/…
📚 Docs: docs.powfi.alephium.org/
💻 GitHub: github.com/alephium/powfi-sd…
Build with Powfi
Podcast Alert! 🎙️
Thank you for inviting @MaudBannwart to showcase Alephium, Powfi, and so much more.
Check out this 83-minute-long deep-dive on YouTube now: youtu.be/BSQEDkM8FPw?si=HLOW…
The latest episode of What Is Web3? just dropped!
This time, @MIKE_BTDCrypto and @0xTaoTrades sit down with @MaudBannwart from @alephium to take a deeper look at Alephium, the technology behind it, and what the team is building for the future of Web3.
No hype. Just a real conversation with the people actually building in this space.
🎙️ What Is Web3?
🎧 Special Guest: @MaudBannwart
▶️ OUT NOW on YouTube
Check it out and let us know what you think!
@alephium alephium:native #Alephium #Crypto #Web3
