Alpha Finance Lab Monthly Summary | August
Alpha Finance Lab released Monthly Summary for August about Binance Launchpad Project of The Year Award, Partnerships, Alpha Universe & more.
🔹Alpha Finance Lab Won Binance Launchpad Project of the Year Award 2021
Alpha Finance Lab won the ‘Binance Launchpad Project Of The Year’. Other strong nominees include The Sandbox, Injective Protocol, Axie Infinity, Safepal and Tokocrypto. This award recognizes the best performing Binance Launchpad project of 2021, and they are honored to win with such strong competition.
🔹Partnerships
They welcome the beginning of August with a new partnership with Eden Network. They are sharing Eden Networks’ priority slot with Band Protocol in order to leverage Eden Network’s priority queue. A liquidation bot for Alpha Homora product line is something that they are looking to explore. The bot would aim to increase the security of the protocol, as well as, help multiply the value accrual in the Alpha ecosystem by redistributing value back to ALPHA stakers in the future.
#FarmAlphaHomoraV2
Alpha has partnered with Project Galaxy, an NFT service provider, to reward the various partner communities farming on Alpha Homora V2. They have recently given out Alpha x Sushiswap and Alpha x Curve NFTs for the eligible users. Over the next few weeks, Alpha Homora V2 users can look out for more NFT!
🔹Alpha Universe
In order to help the Alpha Wolves community manage their positions better, they introduced a new ‘Minimal Function Mode’ for leverage yield farmers on Alpha Homora V2!
AlphaX
The second security audit for AlphaX by Trail Of Bits has been completed and they are currently working on the frontend development.
Moving on to Alpha Tokenomics, the number of ALPHA staked is now at ~188M (~46% of the circulating supply)! The number of staked ALPHA has increased by 63M for the month of August alone!
They have also added a few upgrades to the Alpha Tokenomics site , which includes a new home page, an updated Staking page that shows BETA tokens distribution and a Launchpad page. This home page will show users 3 benefits for staking ALPHA tokens on Alpha Tokenomics.
August was an amazing month for Alpha Launchpad as well. The launch of Beta Finance was a success. The BETA lock-up period had also begun for ALPHA stakers!
About Alpha Finance Lab
Alpha Finance Lab is a DeFi Lab, and on a mission to build.
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.
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