Alpha Finance Lab November Update
Welcome to Alpha Finance Lab November Update - a full recap of everything about Alpha in November!
Summary of November
- Alpha Homora now supports 31 pools!
- Alpha Homora was added to DeFi Pulse, currently ranked at #20
- Alpha Homora was supported on Nexus Mutual
- Alpha Homora launched another liquidity mining program and Trading Volume Mining program
- Alpha Homora user interface was upgraded and improved for better user experience
- Alpha team conducted many Alpha Homora AMA in various communities
- Alpha research and engineering team was focusing on developing Alpha perpetual swap product during the month of November!
1️⃣ Alpha Homora now supports 31 pools!
Alpha Homora has been adding many leveraged yield farming and leveraged liquidity pools of many pools on Uniswap and SushiSwap. There are now 4 types of pools on Alpha Homora now: 1) leveraged yield farming 2) normal yield farming 3) leveraged liquidity providing 4) normal liquidity providing.
The benefits for users using each type of these pools can be found here:
2️⃣ Alpha Homora was added to DeFi Pulse
With the total value locked of $58.1M, Alpha Homora is ranked at #20
3️⃣ Alpha Homora was supported on Nexus Mutual
Nexus Mutual members can stake on here to enable Alpha Homora users to buy coverage against smart contract risk!
4️⃣ Alpha team conducted many Alpha Homora AMA in various communities
To ensure other communities know how to benefit from Alpha Homora, Alpha team conducted Alpha Homora AMA (Ask Me Anything) sessions in mStable, Band Protocol, SushiSwap, and Yearn communities.
5️⃣ Alpha Homora launched another liquidity mining program and Trading Volume Mining program
Alpha Homora liquidity mining program is rewarding ALPHA to users who open leveraged yield farming or leveraged liquidity providing positions of more than 1x on Alpha Homora. The liquidity mining program is still ongoing. More details can be found here.
Alpha Homora Trading Volume Mining program is rewarding ALPHA in the form of high trading fees to liquidity providers of ibETH/ALPHA pool that is on Uniswap. Users can provide liquidity directly on Uniswap or on Alpha Homora, which is more convenient. More details can be found here.
6️⃣ Alpha Homora user interface was upgraded and improved
We have taken comments and suggestions from our community to improve Alpha Homora user interface and add a number of features to enable better user experience!
7️⃣ Alpha research and engineering team was focusing on developing Alpha perpetual swap product during the month of November!
Alpha perpetual swap smart contract and frontend work has been built! Currently, PeckShield is auditing the smart contract code to ensure security of the protocol.
Looking Forward
While we continue to focus our marketing resources on driving usages of Alpha Homora, our business development and engineering team are working closely with other DeFi protocols to enable more use cases of Alpha Homora that benefit not only our product and Alpha community, but also those of other partners!
Additionally, our engineering and research team is working heavily on developing Alpha Homora v2 and fine-tuning Alpha perpetual swap product, both of which we will share more details soon!
About Alpha
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!
