Introducing AFI Protocol: A Growing RWA & DeFi Project on Base
AFI Protocol is becoming one of the interesting DeFi projects on Base.
Right now:
AFI has around $100M TVL on Base
Around $225M total TVL across Base, Monad, and Ethereum Mainnet
What I like about AFI is that it was able to achieve such a value without having to put in a lot of farms and or raking too many farms.
This helps:
keep liquidity deeper
improve capital efficiency
reduce fragmented liquidity
AFI is more looking into having high quality liquidity is not just on huge numbers.
What Is AFI Building?
AFI is building a Proof of Reserve Network for RWAs using:
Zero-knowledge proofs (ZK)
Trusted Execution Environments (TEE)
Cryptographic verification systems
The task is clear:
Rather than relying on auditors or reports, AFI hopes its users and protocols to verify reserves with a combination of cryptography and mathematics.
This could potentially more transparent and more secure RWAs in DeFi.
Why AFI Looks Interesting on Base
Base is growing fast in:
TVL
stablecoins
DeFi usage
active users
Projects focused on efficient liquidity and strong infrastructure may grow very fast in this environment.
AFI already reached around $100M TVL on Base, and many users think it still has strong room for growth.
AFI Points & Referral Program
AFI also launched:
AFI Points
Referral Program
Private Beta access system
Users can earn points by:
minting afiUSD
inviting new users
using referral codes
Right now AFI is in Private Beta, and users need an access code to join and mint afiUSD. I think you can get the code on AFI discord.
The system gives:
base points for activity
extra referral rewards
5% boosts for users joining through referral codes
If Base DeFi continues growing in 2026, AFI may become one of the important RWA and liquidity protocols in the ecosystem.
NFA, DYOR