Alpha Finance Lab to continue Liquidity Mining on Alpha Homora and Trading Volume Mining for ibETH/ALPHA pool on Uniswap
As Alpha Finance Lab continues to grow as a DeFi lab to build a number of innovative DeFi products that will work together to maximize returns while minimizing downside risk for users, Alpha team will continue to decentralize the project and empower our community and users to contribute to Alpha ecosystem.
With this in mind, we are happy to announce and update our community that Liquidity Mining on Alpha Homora and Trading Volume Mining of ibETH/ALPHA pool on Uniswap will continue.
The existing Liquidity Mining program that is due to be completed on December 12th, 12pm UTC will be extended until January 11th, 12pm UTC.
Similarly, the existing Trading Volume Mining program that is due to be completed on December 16th, 12pm UTC will be extended until January 15th, 12pm UTC.
Note to users who are participating in the current Liquidity Mining program, the ALPHA rewards earned during the period of Dec 3rd, 12pm UTC - Dec 12th, 12pm UTC will be processed on Monday Dec 14th at 12pm UTC, and will be available for you to claim after the computation and deployment is ready (within a few hours).
Liquidity Mining on Alpha Homora
- 3,000,000 ALPHA will be distributed during this 30-day period to Alpha Homora users who open leveraged positions of more than 1x (similar mechanics as the existing Liquidity Mining program) from December 12th, 12pm UTC - January 11th, 12pm UTC. This includes leveraged yield farming and leveraged liquidity providing pools.
- For those who have leveraged positions that are more than 1x opened already, you don't need to close and re-open a new position to get these ALPHA rewards.
How to Claim Your ALPHA from Liquidity Mining?
- Accumulated ALPHA earned will be shown under your wallet address on Alpha Homora. Users will be able to claim ALPHA every Thursday by clicking on your wallet address then clicking claim.
- For the first available claim, ALPHA earned from your activity during Dec 12th, 12pm UTC - Dec 17th, 12pm UTC (5 days) will be processed at Dec 17th 12pm UTC, and will be available for you to claim after the computation and deployment is ready (within a few hours).
- After that, ALPHA earned from your activity during Dec 17th, 12pm UTC - Dec 24th, 12pm UTC (7 days) will be processed at Dec 24th 12pm UTC, and will be available for you to claim after the computation and deployment is ready (within a few hours).
- The same process continues until Jan 11th, 12pm UTC
Trading Volume Mining for ibETH/ALPHA pool
- 3,500,000 ALPHA will be distributed to liquidity providers of ibETH/ALPHA pool. Users can provide liquidity directly on Uniswap or through Alpha Homora (ALPHA Pools section), as we simplify the process for users.
- ALPHA rewards will be distributed out in a form of trading fees APY.
- This means that the rewards in a form of trading fees APY will be reflected when you remove liquidity (not airdropped to your wallet). This is similar to when you get trading fees APY when providing liquidity to other pools on Uniswap.
- For more details on Trading Volume Mining, refer to here.
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!
