AlphaFi (strategic arc)

Where DeFi turns Alpha.

[AlphaFi (strategic arc) @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

[Reset.sui @Reset_sui]

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 🥲

[AlphaFi (strategic arc) @AlphaFiSUI]

⁠AlphaFi will see this wind-down through until the last user has withdrawn, at which point AlphaFi will no longer be a component of the Sui ecosystem. Updates will be posted here until then. Thank you to everyone who built on and used AlphaFi.

[AlphaFi (strategic arc) @AlphaFiSUI]

AlphaFi is supporting the Sui Foundation fully in its investigation of the incident and in the remediation work, including providing all records and technical assistance needed, and recovery of the amounts owed is being pursued.

[AlphaFi (strategic arc) @AlphaFiSUI]

The ALPHA vault has been discontinued, and its lock period has been removed. You can withdraw ALPHA at any time.

[AlphaFi (strategic arc) @AlphaFiSUI]

Making users whole was the priority, and it took support from the @SuiFoundation, for which AlphaFi is grateful.

[AlphaFi (strategic arc) @AlphaFiSUI]

Slush Strategies users can now withdraw funds directly from @SlushWallet. The WAL vault lock period has been removed, and withdrawals from all strategies (SUI, WAL, DEEP, and USDC) now arrive in your wallet instantly.

If you have a pending withdrawal request, cancel it and withdraw again to receive your funds instantly.

[AlphaFi (strategic arc) @AlphaFiSUI]

As part of this orderly wind down, new supplies and borrows can no longer be taken from the protocol. Please unwind your borrow positions and withdraw your assets from the protocol.

[AlphaFi (strategic arc) @AlphaFiSUI]

Certain borrow positions taken against ALPHA collateral on AlphaLend became substantially undercollateralised, which left the protocol with bad debt. The Sui
Foundation’s security team flagged these positions, and since then we have worked together to resolve them. That bad debt has now been fully covered. The protocol is solvent, and all user funds are safe.

[AlphaFi (strategic arc) @AlphaFiSUI]

AlphaFi is winding down in an orderly way. The protocol is in maintenance mode: withdrawals remain open, but users cannot take new loans.

[AlphaFi (strategic arc) @AlphaFiSUI]

AlphaLend will have Hashi BTC from day one of mainnet.

[AlphaFi (strategic arc) @AlphaFiSUI]

Two simple ways to put your assets to work on @SuiNetwork: SUI Multiplier and $USDSUI strategies on AlphaFi!

https://t.co/i8BGz8wALw

[AlphaFi (strategic arc) @AlphaFiSUI]

535,670 $SUI paid out to ALPHA stakers in first half of the year

[AlphaFi (strategic arc) @AlphaFiSUI]

Less idle capital. More productive capital. That's the mission. only on @SuiNetwork!

[AlphaFi (strategic arc) @AlphaFiSUI]

This week's ALPHA vault payout is here. 27,590 $SUI paid out!