Powfi Update 💥
Following very positive discussions with several partners, the Powfi codebase has been upgraded to support direct integrations with our $ALPH Staking Layer through a referral-based framework.
How it works:
Traditional B2C Workflow
▪️ A user holds ALPH
▪️ Connects their wallet to Powfi
▪️ Stakes their ALPH
▪️ User starts earning rewards
New B2B2C Partner Workflow
▪️ An integration partner offers ALPH staking to its users
▪️ The yield offered is the same as staking natively on Powfi
▪️ Staking is attributed to the partner via an on-chain referral tag
▪️ ALPH is staked via the Powfi Staking Layer
▪️ The partner earns a commission
One example from our recent discussions is a mining pool offering ALPH Staking to its users.
Other potential integration partners include: wallets, centralized exchanges, and of course dApps.
This is how the Powfi staking layer scales and maximizes locked circulating supply, strengthening $ALPH and the broader ecosystem.
We'll share more updates as these conversations progress and integrations begin to materialize.
DEX 👈
Permissionless activity and digital freedom are key to everything good about the world of Web3, DeFi, and crypto.
Powfi will be the embodiment of these values.
Any good security researcher should be naturally skeptical about the security provided by any vm or programming language.
However, there's more to the story than this sweeping generalisation 🔽
As our community already knows, we built a VM that mitigates the vulnerabilities found in EVM smart contracts.
So, while most blockchain security is patched after exploits, Alphred, our custom VM, prevents reentrancy, unlimited token approvals, and MEV extraction at the architecture level.
It was built on our stateful UTXO model, combining Bitcoin's asset security with Ethereum's programmability.
Considering the state of DeFi right now, security-first tech and engineering definitely merit much more attention.
If you're seeing our name for the first time, or you've yet to dive into our tech offering, today is a great day to explore the docs: https://t.co/Kq00LoOSMs
🌐 Ecosystem Review Ep.3 🌐
@linx_labs/@raduC22 in the spotlight, an upcoming music party from @Tonelookalph, and a definitive new PoLW guide in the works.
If you want to know what's happening inside the ecosystem, this one's for you 👇
Saturday night, no plans, and feeling creative?
This open bounty on https://t.co/DlKLPAXSWg has $100 in prizes.
Go on, take a look! 🔽
https://t.co/zKPmwPPjIp
March to Mainnet 22/05 🏃
With the frontend team only just returning from ultra-important life events, their updates are delayed until next week.
As for the backend team, they are testing diligently, scrutinizing every last detail.
Nothing less than perfect will do.
Here is this week’s brief report:
<Powfi>
🔍 Powfi’s smart contracts are still going through a strict internal review process.
🔍 The second of three internal auditors has completed and approved the contracts.
🔍 The third stage of smart contract review is already underway.
🔍 Fuzz testing and deep testing the DEX to find potential bugs that might have been missed during public testnet.
<Alphland>
🌐 Rebuilding the dashboard to make it more suitable for AI crawling and to improve response speed.
🌐 Editing the user and sponsor page documentation and guides, since the previous guideline feature was not as effective as desired.
🌐 Creating tutorial videos that explain how to use the platform and pages on Alphland.
You can expect a much bigger and more detailed report next week.
The finish line is in sight 🏁
✍️ New Article Alert!✍️
Attackers now have access to the same AI security scanners that auditors use.
Pawel spent 6 months writing Powfi's smart contracts in Ralph.
Now he explains what it actually feels like to build in a language that removes entire vulnerability classes before the scanner even runs.
Link below 👇
ALTCOIN REVIEW: $ALPH 🔍
‣ Can Alephium’s sharded PoW scale without sacrificing decentralization?
‣ Will Powfi and staking finally drive ecosystem adoption?
‣ Is $ALPH undervalued, or is demand still missing?
Full analysis 👇
https://t.co/Dca81PyOjC
Alephium Aware Ep. 2 is live 👀
@BigPepGhost goes into some really interesting topics that also connect back to $ALPH.
He talks about the bigger macro trends around regulation and institutions entering crypto.
But also why PoW infra is becoming relevant again and why chains like @alephium could benefit from all of this long term!!
One sentence i really liked:
"all of the missing pieces for the future of DeFi do exist on this chain"
Definitely worth a watch if you care about the bigger picture around PoW + DeFi!
Want to stay closer to everything happening across the @alephium ecosystem?
There's a new opt-in role on Discord:
>> Marketing/Ecosystem Ping
Spaces, ecosystem launches, community updates, and more... basically, all the things we can't justify hitting @-everyone for.
Discord fam >> subscribe in #role-assignment if you want in 🔔
🧵1 /
We built AlphBanX because we genuinely believed DeFi should work in both bull AND bear markets.
The idea was simple:
→ Borrow against your ALPH to increase long exposure during bull markets
→ Earn through auctions during bear markets by buying liquidated collateral at discounts up to 20%
That was the mission from day 1.