Alpha Finance Lab: Vision & Roadmap
Alpha Finance Lab aims to be a forefront DeFi lab through building and incubating many DeFi products and ecosystems, products that capture unaddressed demand in an innovative and user friendly way.
Our rationale behind this vision is that we believe that DeFi is here to stay. However, given the nascent stage DeFi is in, the industry will inevitably go through significant changes as it matures. Thus, being able to react quickly to the market/change in the DeFi landscape and building/incubating products that capture unaddressed demand as the landscape matures will ensure Alpha Finance Lab continues to play a key role in DeFi throughout the industry life cycle.
Working towards our vision, Alpha Finance Lab is building the Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.
Alpha Universe is built and structured to bring benefits to Alpha users and maximum value accrual to ALPHA.
It has been continuous months of intense building here at Alpha. Before we look into the future, let us quickly recap what’s been built recently.
On Alpha Homora V2 side, majority of Alpha Homora V1 Ethereum users have migrated to V2. We’ve added key features to continue enhancing UX/UI and partnered with several key DeFi protocols. We also explored Layer-2 scaling solutions.
On AlphaX side, product ideation, fine-tuning for maximum product market fit, smart contract development and internal testing have been completed.
In the middle of June, we also released the Alpha Launchpad, DeFi's first incubator program built by builders for builers, and opened up application process for interested DeFi teams to apply.
On Alpha Tokenomics side, ~30% of ALPHA’s circulating supply is being staked. We have also begun distributing Alpha Homora V2 protocol fees to ALPHA stakers.
For more details, refer to the recent June monthly summary here.
Roadmap: Build, Expand, Conquer
Looking forward, we continue to actively build, expand, and conquer on all fronts, from Alpha Homora, AlphaX, Alpha Launchpad, to Alpha Tokenomics, all of which will bring significant benefits to Alpha users and maximum value accrual to ALPHA.
Alpha Homora V2
Driving partnerships and integrations is one of the key focuses now and going forward for Alpha Homora V2, as this will drive usage, adoption, and value accrual to ALPHA.
These partnerships will also allow Alpha Homora V2 to bring high yields to more communities, especially in the communities with fewer options for users to generate decent or high yields. We are actively finding these gaps in the market to create value for users throughout the whole DeFi landscape.
We are also planning to re-evaluate the possible Layer-2 scaling solutions to see which solution fits with the long-term trajectory of Alpha Homora as well as where the product generates the most value in the long-term.
The new AlphaX is currently going through a security audit by Consensys. While the audit is in progress, our product and UX/UI teams have been working on crafting out a clean and easy-to-use UX/UI and building the app’s frontend.
UX/UI is key for Alpha Finance Lab and especially for the new AlphaX, as the product idea is innovative and very different from any other product in the market. Thus, we want to ensure the UX/UI is simple and easy to understand for both new and advanced DeFi users.
We have also been incubating our very first Alpha Launchpad project. The first incubated project will soon be announced.
As we are experiencing a high inflow of applicants, we will be coming up with an expansion plan for Alpha Launchpad to which we will provide more details then.
A quick recap on Alpha Tokenomics.
With Alpha Tokenomics, ALPHA holders can stake ALPHA to receive:
- Protocol fees collected from Alpha product
- Project tokens of Alpha Launchpad’s incubated projects
- Protocol fees of selected Alpha Launchpad’s incubated projects
Additionally, ALPHA stakers will be placed in a specific Alpha Tiers. ALPHA stakers in a higher Alpha Tier will be able to unlock more product-specific features on Alpha products, starting with higher leverage on Alpha Homora V2.
With Alpha Tiers, we are integrating Alpha Tiers with Alpha Homora V2. Users will soon be able to open positions with higher leverage based on their Alpha Tiers.
As Alpha Launchpad’s first incubated project is coming close to the launch timeline, this means ALPHA stakers will soon receive the first incubated project’s tokens, further increasing the APY from staking ALPHA!
Again, time to build, expand, and conquer!
About Alpha Finance Lab
Alpha Finance Lab is a DeFi Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.
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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