Sneak Peek of Allotment ALF protocol!
Hey, Alfprotocol community!
We would like to show you some of the latest sneak peek designs of the upcoming protocol! MVP launch is around the corner and we couldn’t be more excited!
Allotment ALF Protocol
Once you deposit some assets, your Supply balance will be updated. When and/or if you decide to borrow some assets against your collateral, after the settled borrowing order, your Supply balance & Borrow balance will update. An important metric here will be your Loan to value number. The higher it is, the closer you are to your borrowing limit and potential liquidation.
Supplying Liquidity to Allotment ALF
After choosing which asset you would like to supply and earn APY on top of it, you will be prompted to this window. Your wallet balance of that asset will be shown together with the Deposit APY % and ALF rewards. Once you input the number of tokens you would like to supply, confirm the transaction and the Allotment ALF window will be updated with your open position.
Borrowing against your collateral in Allotment ALF
When you click on the Borrow button, you’ll be prompted to this window. Here depending on your deposited collateral, you will see the Max borrow amount of the asset you chose to borrow, your wallet balance, value, LTV ratio, and borrowing APR %. If you wish to repay the debt, move to the Repay button and simply repay part or all of the debt.
Allotment ALF protocol will let users deposit their assets and earn APY on top of it, or borrow against your deposited assets and use borrowed capital anywhere in the world of web3. Allotment ALF will support multiple assets to deposit, and also will support multi assets collateral for borrowing.
The launch of the Allotment ALF protocol is coming very soon so make sure to follow our social media channels to stay up to date and be among the earliest people to know and try the protocol!