Alpha Homora V1 and V2 on Ethereum New Liquidity Mining
Alpha Finance Lab is a DeFi Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.
The platform launched new liquidity mining on both Ethereum and Binance Smart Chain. Alpha Homora V1 and V2 on Ethereum new liquidity mining program started July 21st, 8am UTC and will last until August 4th, 8am UTC.
Alpha Homora V1 and V2 on Ethereum Details
- 3,000,000 ALPHA will be distributed between July 21st and August 4th to the following eligible users:
10% to stablecoin lenders on Alpha Homora V2 (USDT, USDC, DAI):
- Eligible users will receive ALPHA rewards proportionately to the value of stablecoins they lend vs. the total value of stablecoins lent on Alpha Homora V2.
7% to ETH lenders on Alpha Homora V2:
- Eligible users will receive ALPHA rewards proportionately to the value of ETH they lend vs. the total value of ETH lent on Alpha Homora V2.
83% to Alpha Homora V1 and V2 users who open leveraged positions of more than 1x (including leverage yield farming and leverage liquidity providing positions):
- Eligible users will receive ALPHA rewards proportionately to the value of assets they borrow vs. the total value of assets borrowed on Alpha Homora V1 and V2.
- The value of ETH borrowed on Alpha Homora V2 will be treated as 2x the actual borrow value. This means leverage yield farming on Alpha Homora V2 can get you ~2x the ALPHA rewards.
- For users who already have leverage positions of at least 1x open, there’s no need to close and re-open a new position to collect these ALPHA rewards.
Alpha Claiming Reward Schedule
- By July 28th for the new period (ending July 21st)
- By August 11th for the new period (ending August 4th)
Alpha Homora V1 users are encourage to migrate on V2
- On V2, farmers can borrow multiple assets/stablecoins in one position. This allows them to borrow the asset with a lower borrow APY and also spreads the borrow demand across multiple assets, thereby increasing the yield.
- Leverage yield farming on V2 offers ~2x the ALPHA rewards.
- Lenders of ETH also earn a higher lending interest rate on V2 as compared to V1.
Alpha Homora V1 Next Liquidity Period On BSC
The new liquidity mining period will be from July 21st, 8am UTC – August 4th, 8am UTC.
During this liquidity mining period on Alpha Homora V1 BSC:
- 150,000 ALPHA will be distributed between July 21st – August 4th to borrowers (or yield farmers who open leverage positions of more than 1x).
Reward Claim Schedule
- By July 28th for the new period (ending July 21st)
- By August 11th for the new period (ending August 4th)
Alpha Homora is Alpha Finance Lab’s first product and DeFi’s first leveraged yield farming product that also captures the market gap in lending, one of the key pillars of the financial system.
ABOUT ALPHA FINANCE
Alpha Finance Lab is a DeFi Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.
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