Alpha Finance Lab 2020 Review and 2021 Preview

Alpha Finance Lab 2020 Review and 2021 Preview

As 2020 is coming to an end, let us share with our community a reflection of 2020 and a preview of what is to come in 2021 for Alpha Finance Lab.

Alpha Finance Lab 2020 Review

Alpha Finance Lab

2020 has been an important and exciting year at Alpha Finance Lab. The project was not only launched in 2020 before securing investments from top-tier DeFi investors such as The Spartan Group, Multicoin Capital, and DeFiance Capital, but also listed on Binance under ALPHA through the Launchpad program.

Additionally, Alpha Finance Lab secured a strategic partnership with SCB 10X, the venture arm of Siam Commercial Bank - one of the largest commercial banks in Thailand, to continue developing more Alpha products that innovate in DeFi and eventually in traditional finance.

In less than 3 months, Alpha Finance Lab team went on 10 AMA (Ask-Me-Anything) and 10 podcast/live streaming sessions, including BlockCrunch podcast with Jason Choi from The Spartan Group, Delphi Podcast with Tom Shaughnessy from Delphi Digital, and Yield_TV with DeFi Dad from Zapper.

Alpha Homora

In October 2020, Alpha Finance Lab launched Alpha Homora, the first product and the first ever leveraged yield farming product in DeFi, on Ethereum.

Within less than 3 months

→ Alpha Homora has achieved significant product market fit

→ Reached more than $160M total value locked (TVL)

→ Now supports 42 leveraged yield farming/liquidity providing pools.

Apart from the 42 pools that Alpha Homora now supports, Alpha Homora has also partnered and integrated with

Aave to develop ‘Earn on Aave + ETH’ feature, allowing DeFi users to earn from the interest rate gap between that on Aave and that on Alpha Homora

Saffron to enable ibETH/ALPHA liquidity providers to earn SFI in addition to ALPHA and interest rate on ibETH

Nexus Mutual to allow anyone to buy coverage against smart contract risk.

Community is one of the core focuses of Alpha Finance Lab, and we have been distributing ALPHA tokens to our community members through the Liquidity Mining program on Alpha Homora and Trading Volume Mining program for ibETH/ALPHA pool on Uniswap.

The Trading Volume Mining program uniquely allows liquidity providers to earn ALPHA while earning interest on their ibETH (interest-bearing ETH received upon lending ETH on Alpha Homora).

More details on Alpha Homora can be found on this documentation.


Shortly after launching Alpha Homora, we started building AlphaX to not only allow Alpha Homora users to hedge their leveraged yield farming/liquidity providing positions, but also bring a new class of trading product previously unavailable on-chain to DeFi.

Earlier in December, AlphaX beta private testnet went live. We successfully gave access to 292 community members who signed up to test, give feedback, and actively share different innovative ideas for AlphaX. The feedback has been well received, and we are working on the next iteration of AlphaX!

More details on AlphaX can be found here.

2020 has indeed been an important and exciting year at Alpha Finance Lab, but we are more than excited for 2021!

Alpha Finance Lab 2021 Preview

In 2021, many new Alpha products will go live, including those that we have been working on and those that we are brainstorming.

Alpha Homora v2 will be launched with many useful and unique functionalities to address the significant demand from leveraged yield farmers/liquidity providers and lenders who are seeking higher yields. Alpha Homora v2 will continue to establish itself as the go-to leveraged yield farming/liquidity providing protocol in DeFi.

AlphaX public testnet and mainnet will be launched. AlphaX will unlock many new use cases in DeFi. Specifically, with AlphaX,

👉 Anyone who wants to be exposed to leveraged position (long or short) can either open a position on AlphaX or buy the equivalent leveraged token on secondary markets such as Uniswap, Sushiswap, etc.

👉 Traders and DeFi users will be able to simply hold the leveraged tokens to be exposed to leveraged positions or even to hedge their existing positions, without having to worry about funding rate payments.

👉 Alpha Homora users can hedge their leveraged positions to minimize downside risks by simply holding these leveraged tokens.

👉 Developers can further build secondary markets and drive more usages for these tokens in other DeFi protocols.

Apart from Alpha Homora v2 and AlphaX, we are also working on a number of Alpha products that will also be launched in 2021.

What does this mean for the Alpha Finance Lab ecosystem?

With a number of Alpha products coming live in 2021, this means that interoperability among Alpha products will be unlocked. While each Alpha product captures its own market share and solves its own market gap, it will also bring synergy to other Alpha products to create a strong Alpha ecosystem that maximizes returns while minimizing downside risks to the Alpha community.

ALPHA token will become the core of Alpha ecosystem, as ALPHA token holders will not only be able to govern the whole Alpha ecosystem, but also benefit from higher yields and unique functionalities only available to ALPHA token holders.

About Alpha Finance Lab

Alpha Finance Lab is an ecosystem of cross-chain DeFi products that will interoperate to bring optimal alpha returns to users. Alpha products focus on capturing unaddressed demand in DeFi in an innovative and user friendly way.

We are moving at a rapid pace, so we encourage everyone to join our Telegram / Discord for the latest updates, follow us on Twitter, or read more about us on our Blog!