Days in Operation:
Aleph Finance was a hybrid passive income protocol on the Avalanche network. The project offered fresh features like auto-compounding & token lockup boosts and will eventually tie into TradFi. The service had a robust model with a simple concept to earn 1% daily.
The protocol decided to shut down due to several reasons: 1) The current market condition, and 2) the node niche being destroyed by poor management by Strongblock, 3) the influencers killing all public sentiment towards any kind of locked or forfeited staking.
The rough plan is as follows, and that % is based on how much has been earned by the investor already. For example, if a seed investor had 50k invested and we say below that they are to receive around 50% of their initial back, and has so far earned 12.5k in rewards sold, then he’d be at 25% of ROI.
That would roughly equates to may be a 50% on equity. Market cap experienced a loss of $8.6M.
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