Alf is a protocol for capital deployment on Solana for the purposes of liquidity provision and yield farming, both with and without margin of up to 200x. The protocol introduces its own versions of an invariant-based Automated Market Maker protocol for exchange operations and a money market for short-term loans. The central contribution to the Solana ecosystem is a protocol for leveraged LP positions in AMM pools and yield farming protocols.

Alf improves capital efficiency and facilitates more liquid markets by connecting low-risk, low-effort investors providing liquidity to lending protocols with riskseeking, active management investors who focus on leveraged liquidity provision and yield farming positions.

ALF token is the centerpiece of the protocol incentive structure and value extraction mechanism. It has number of functions:

• Staking in the DAO for governance
• Yield farming rewards
• Leverage tiers: Stake ALF to get access to higher leverage in a tiered system.