🚨 ALPHAFI SHUTS DOWN ON $SUI : BAD DEBT COVERED AND USER FUNDS SAFE! 🛡️
Sui lending protocol AlphaFi is officially winding down operations after undercollateralized $ALPHA positions created bad debt within their borrowing pools. 🛡️ The Sui Foundation security team stepped in alongside the dev team to absorb the shortfall completely, ensuring protocol solvency and keeping all user funds backed 1:1.
Deposits and borrows are officially paused, but withdrawal channels remain open with lock-up periods completely removed across $SUI and $WAL strategy vaults. 🔒 If you hold active yield positions on the platform, execute your exit plan immediately and return liquidity to safe custody. 📊
💬 Did you have active capital locked inside AlphaFi vaults, or did you sidestep this lending protocol wind-down entirely? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SUI #ALPHA #DeFi #Crypto #Yield
🎯 🛡️
Sui lending protocol AlphaFi is officially winding down operations after undercollateralized $ALPHA positions created bad debt within their borrowing pools. 🛡️ The Sui Foundation security team stepped in alongside the dev team to absorb the shortfall completely, ensuring protocol solvency and keeping all user funds backed 1:1.
Deposits and borrows are officially paused, but withdrawal channels remain open with lock-up periods completely removed across $SUI and $WAL strategy vaults. 🔒 If you hold active yield positions on the platform, execute your exit plan immediately and return liquidity to safe custody. 📊
💬 Did you have active capital locked inside AlphaFi vaults, or did you sidestep this lending protocol wind-down entirely? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #SUI #ALPHA #DeFi #Crypto #Yield
🎯 🛡️