New Liquidity Mining Period for Alpha Homora V1 and V2
Alpha Finance Lab announced the new liquidity mining period for Alpha Homora – both on Ethereum (V1 and V2) and BSC (v1).
For those who haven’t migrated from Alpha Homora V1 Ethereum to V2, be sure to migrate since leverage yield farming on Alpha Homora V2 can get you ~2x the ALPHA rewards!
🔹Alpha Homora V1 and V2 on Ethereum: New Liquidity Mining Period
The new liquidity mining period is from September 15th, 8am UTC – September 29th, 8am UTC.
During this period on Alpha Homora V1 and V2 on Ethereum:
- 1,200,000 ALPHA will be distributed between September 15th – September 29th to the following eligible users:
5% 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.
12% 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 rewards will be available to claim:
- By September 22nd for the new period (ending September 15th)
- By October 6th for the new period (ending September 29th)
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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