AlphaFi Remains Active Despite Initial Reports of Shutdown

AlphaFi, a yield aggregation protocol built on the Sui blockchain, has not shut down operations. In fact, it remains an active protocol with approximately $95 million in TVL. This correction comes after initial reports suggested AlphaFi was winding down following an oracle misconfiguration.

However, further investigation reveals that AlphaFi's security and infrastructure are intact. The protocol has undergone security audits from MoveBit and uses oracle providers including Pyth in its lending infrastructure.

AlphaFi offers a range of products, including auto-compounding vaults, stSUI liquid staking, and AlphaLend lending markets. Additionally, the protocol distributes weekly SUI rewards to ALPHA token stakers.