Where DeFi turns Alpha.

Joined March 2024
AlphaFi (strategic arc) retweeted
Honestly this one hurts AlphaFi is winding down And as someone who genuinely believed in what @AlphaFiSUI was building I don't even know what to say other than this is really disappointing I've watched AlphaFi for a long time and what always stood out to me was how little they cared about the noise No massive marketing push No army of ambassadors No constant hype Just a product that quietly focused on capital efficiency and actually building I've always been a believer in @0xrajendra 's vision He used to say. : “Build a product so good it doesn't need customer service or marketing” And honestly that was AlphaFi I remember the $ika incident too When that crazy candle hit AlphaFi's risk parameters prevented the kind of artificial liquidations that happened elsewhere That was one of the moments that made me trust what they were building even more That's why today's news hits differently An oracle misconfiguration created bad debt on AlphaLend and AlphaFi is now entering an orderly wind-down Sui Foundation has stepped in to make sure the protocol remains solvent and user funds are safe And I want to make one thing very clear I've received $0 from Raj or AlphaFi I'm saying this because I genuinely respected the product I believed in the team I believed in the vision And I genuinely loved what they were building Seeing it end like this is honestly one of the most disappointing moments I've experienced in my time around the Sui ecosystem Sometimes you can believe in a product Believe in the people building it And still watch one mistake change everything Gonna miss AlphaFi 🥲
Following the Sui Security Team’s identification of and assistance with the resolution of @AlphaFiSUI 's misconfiguration of their ALPHA oracle and subsequent creation of bad debt, AlphaFi is winding down operation of their protocol. Sui Foundation has made the decision to provide assistance in order to ensure that the protocol is wholly solvent. No user funds are impacted. Withdrawals are open. If you are holding any existing borrow positions, you may unwind and withdraw your assets from AlphaLend. For Slush users, you may withdraw your generated yield and principle from USDC, SUI, WAL and DEEP Strategies with no wait period. Should you currently have a withdrawal request pending, please cancel and withdraw again to receive your funds instantly. Sui Security Team’s security tooling aided in the identification of this misconfiguration. Following the tool’s formal launch later this fall, it will be available as a public good to all DeFi protocols on Sui.
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AlphaFi (strategic arc) retweeted
Replying to @0xrajendra
Thank you my friend. Obviously the best product on sui
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AlphaFi (strategic arc) retweeted
Replying to @brianmcgrath
The answer to the speed and technical aspects is SUI
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AlphaFi (strategic arc) retweeted
Come see @DeepBookonSui Margin power in action. Feb 26 • 9AM PT • live on X. Live demos, real strategies, and builder learnings from @AlphaFiSUI & @_deeptrade. If you want to understand margin on shared liquidity, don’t miss it.
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AlphaFi (strategic arc) retweeted
Auto-compounding yield is now in @SlushWallet with @AlphaFiSUI.
Earning yield on Sui just became effortless We’ve partnered with the #1 Sui wallet @SlushWallet to bring auto-compounding yield directly into the wallet Live strategies: • $SUI • $USDC • $DEEP • $WAL Powered end-to-end by the AlphaFi stack
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AlphaFi (strategic arc) retweeted
Over $3M deposited already to Slush Strategies - not shabby at all for day 1 results 👀 Haven’t tried Strategies yet? Open your wallet and give it a spin 🥤
DeFi, but make it effortless 🥤 Meet Slush Strategies - a simple way to explore onchain opportunities, right inside your wallet. No extra apps. No 9-step rituals. Just tap and earn. And this is only the first sip - more coming soon.
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