AlphaFi, a yield aggregation protocol operating on the Sui blockchain, continues its active operations. The platform currently maintains a total value locked (TVL) of approximately $95 million.
The protocol offers several financial products, including auto-compounding vaults, stSUI liquid staking, and AlphaLend lending markets. Its infrastructure utilizes oracle providers such as Pyth and has passed security audits conducted by MoveBit.
AlphaFi distributes weekly SUI rewards to holders who stake ALPHA tokens. Reports suggesting the protocol is shutting down due to an oracle misconfiguration are incorrect and appear to conflate AlphaFi with another project.
The DeFi protocol Full Sail, which is separate from AlphaFi, initiated a wind-down process on September 1, 2026. This decision followed a Switchboard oracle incident on August 29, 2026, which caused losses of approximately $91,000 due to inaccurate price feeds.
