Alephium Introduces Powfi Testnet, Enhances DeFi Capabilities with New Features

Alephium has launched its Powfi testnet, a new core decentralized app that aims to strengthen the network's crypto economy. The launch marks Phase Two of the project's roadmap, called Aligned Economics, which focuses on building a system where activity on the network directly supports the ALPH token and long-term holders. Powfi includes a Concentrated Liquidity Market Maker decentralized exchange that captures fees and uses them to buy back and burn ALPH tokens, as well as a staking model powered by xALPH, a wrapped version of ALPH. The team invites users to test the platform and report bugs in exchange for ALPH rewards.