The investment tycoon will serve as a top advisor to the burgeoning protocol.
The advisory board of the alf protocol has been bolstered with the presence of Indian billionaire Evan Luthra. Luthra invests in high-growth technologies through its financing company Startup Studio Online.
Over the past five years, Luthra has built more than 300 companies and invested in various divisions. These include food tech, travel, fintech, nightlife, food and drink, lifestyle, artificial intelligence, entertainment, fashion, mixed reality and more. Some well-known names such as Snapchat and Eaze.com are part of his portfolio.
All of these companies have a combined market capitalization of US$1 billion, according to the billionaires website† Besides being a certified Angel investor, he has also jumped into the blockchain territory.
We are happy to announce that @EvanLuthra joined the advisory board of Alfprotocol! 🔥👀 We are excited to start working with Evan on the future of Alfprotocol! Welcome, Evan #DeFi #Solana #cryptocurrency pic.twitter.com/thADQ8HL8f
— AlfProtocol (@AlfProtocol) March 9, 2022
A growing interest in Alfprotocol
Luthra has now joined Alf’s council of advisors. His areas of interest include the success of the Alf project and the potential for blockchain technology to improve the lives of millions of people around the world. He looks forward to using his spheres of influence to improve the project and its objectives and working with the team to achieve success.
“Alfprotocol can set DeFi’s new standards on the Solana blockchain. After talking with the CEO it is clear that the team competence and experience is high enough and it is great to join the advisory board of Alfprotocol!” a statement from Luthra reads.
“It’s a great achievement to have an advisor like Evan on board. His experience, value and enormous global influence are invaluable and I am delighted to be working with him!” Alf protocol CEO Matas added.
The alf protocol is a new platform that can overcome most if not all of the limitations in the current DeFi industry. Alf is still in its infancy and needs support. This is where the Alfprotocol Advisory Board comes in. The Advisory Board will guide and support Alf Protocol in the development of the Alf Protocol.
More about Solana’s Alf protocol
Alf is a protocol for capital deployment on Solana for the purpose of liquidity provision and yield farming, both with and without margin up to 200x. To facilitate exchange transactions, the protocol introduces its own Automated Market Maker (AMM) protocol and a short-term loan money market.
The mechanism for leveraged LP positions in SMP pools, as well as yield farming techniques, are the major contributors to the Solana ecosystem. By linking low-risk, low-effort investors who provide liquidity to lending protocols, with risk-seeking, active management investors who focus on providing leveraged liquidity and yield agricultural positions.
Blockchain technology is transforming the world. With the advent of smart contracts and tokenization, blockchain has made its way into many industries. While the technology is still in its infancy, there are many challenges that need to be overcome before it can become more widely adopted. One of the concerns is liquidity and the ability to buy and sell quickly. Alf, according to the team, will help improve capital efficiency and enable more liquid markets for blockchain assets.