ALPHA Tokenomics: Unlocking Product Features With Alpha Tiers
On our rapid march towards the release of ALPHA tokenomics, we’re excited to take another granular look at just how the Alpha community will benefit as revolutionary ALPHA stakers!
As we’ve established, ALPHA stakers will directly accrue value from all fees collected in the Alpha ecosystem - with those fees amounting to $1.7M in six months of the Alpha Homora protocol’s operation alone.
On-top of this value accrual, Alpha will be one of the first DeFi ecosystems’ to integrate tokenomics with the entire product suite of the protocol. This innovation will allow ALPHA stakers to unlock special features on Alpha products based on the Alpha Tier they are in.
Depending on the amount of ALPHA tokens staked, you’ll be categorized in 1 of 5 Alpha tiers; The more ALPHA staked, the higher Alpha tier you’ll be in.
Without further adieu, let's introduce the features of each of the five Alpha tiers - and welcome you to the #AlphaWolf Pack!
The First Alpha Tier: Alpha Woof Woof
Introducing the first Alpha tier: the Alpha Woof Woof.
- Anyone that stakes 0 - 1,000 ALPHA tokens will be in the Alpha Woof Woof tier
- This means that you’ll be placed in the Alpha Woof Woof tier even if you utilize Alpha products but don’t stake any ALPHA tokens, as we want to include Alpha users in the AlphaWolf Pack family too
- There are currently no features the Alpha Woof Woof tier can unlock yet, although there may be down the line.
The Second Alpha Tier: Alpha Wolf Pup
The second Alpha tier will be the Alpha Wolf Pup.
- If you stake 1,000 - 10,000 ALPHA tokens, you’ll become an Alpha Wolf Pup.
- The feature that Alpha Wolf Pups will be able to access is unlocking 10% higher leverage on Alpha Homora v2 as a leveraged yield farmer/liquidity provider.
- This means that you can open a leveraged position 10% higher than your current leverage cap on Alpha Homora v2.
The Third Alpha Tier: Alpha Wolf Warrior
Next, our third Alpha tier: the Alpha Wolf Warrior.
- Staking 10,000 - 100,000 ALPHA tokens will give you Alpha Wolf Warrior status.
- As we increase in Alpha tier levels, so do the benefits ALPHA stakers can access. Alpha Wolf Warriors unlock 20% higher leverage on Alpha Homora v2 as a leveraged yield farmer/liquidity provider compared to the Alpha Woof Woof tier - or 10% higher leverage than Alpha Wolf Pups.
- This means that you can open a leveraged position 20% higher than your current leverage cap on Alpha Homora v2.
The Fourth Alpha Tier: Alpha Wolf Elder
The fourth Alpha tier will be the Alpha Wolf Elder.
- Anyone who stakes 100,000 - 1,000,000 ALPHA tokens will join our Alpha Wolf Elder clan.
- Alpha Wolf Elders can access 30% higher leverage on Alpha Homora v2 as a leveraged yield farmer/liquidity provider compared to the Alpha Woof Woof tier - or 10% higher leverage than Alpha Wolf Warriors.
- This means that you can open a leveraged position 30% higher than your current leverage cap on Alpha Homora v2.
The Fifth Alpha Tier: Alpha Pack Leader
Last but not least, the fifth Alpha tier: the Alpha Pack Leader.
- Alpha Pack Leaders will be anyone who stakes more than 1,000,000 ALPHA tokens. Alpha Pack Leaders can access 40% higher leverage on Alpha Homora v2 as a leveraged yield farmer/liquidity provider compared to the Alpha Woof Woof tier - or 10% higher leverage than Alpha Wolf Elders.
- This means that you can open a leveraged position 40% higher than your current leverage cap on Alpha Homora v2.
- As an Alpha Pack Leader you’ll have access to not only the highest leverage levels to-date on the Alpha Homora protocol, but the yield farming/liquidity providing market as a whole.
Welcome to The #AlphaWolf Pack!
These layered benefits will provide users with higher leverage on Alpha Homora v2 and will go into effect when Alpha Homora v2 is relaunched.
Unlocking higher leverage on Alpha Homora V2 is the start. As we continue to grow and launch more innovative Alpha products, ALPHA tokenomics will unlock more unique features on Alpha products.
Rationale Behind our Tokenomics Model
Alongside highlighting the unique layered benefits ALPHA stakers will have, we want to ensure the Alpha community understands the rationale behind our tokenomics model.
ALPHA’s tokenomics are designed to create a positive feedback loop for ALPHA stakers that will drive the ecosystem’s upcoming growth hacking stage. The positive feedback loop takes place when ALPHA token holders
→ stake ALPHA
→ use Alpha products as ALPHA stakers
→ increase the fees accrued on the Alpha Homora protocol
→ increase the fees proportionally distributed to ALPHA stakers.
As this positive feedback loop repeats itself, members of the AlphaWolf pack are set to maximise yield on their ALPHA tokens - and contribute towards the long-term health of the Alpha ecosystem.
Why do we allow ALPHA stakers to specifically access higher tiered leverage on Alpha Homora v2?
- ALPHA stakers are helping to secure the Alpha ecosystem with their tokens and tangibly showing their support for future Alpha products
- As a result, ALPHA tokenomics will give ALPHA stakers additional options to retain further risk on their leveraged yield farming and liquidity providing positions
- While community members need to comprehend and manage personal risk, ALPHA stakers have the option to maximize their yield if they wish to take on further leverage on Alpha Homora v2.
The release of ALPHA tokenomics will integrate ALPHA stakers into the underlying fabric of the whole ecosystem. Members of the AlphaWolf pack will help to secure the long-term health and development of Alpha products, and unlock advantageous layered leveraged opportunities on Alpha Homora v2 - which will go-live when Alpha Homora v2 relaunches.
As Alpha Finance Lab continues to innovate in the DeFi space and launch further products, we’ll work to create similar positive feedback loops that allow ALPHA stakers to unlock more features on Alpha products!
About Alpha Finance Lab
Alpha Finance Lab is a DeFi Lab and on a mission to build an ecosystem of DeFi products (the Alpha ecosystem), consisting of innovative building blocks that capture unaddressed demand in key pillars of the financial system. These building blocks will interoperate, creating the Alpha ecosystem that will be an innovative and more capital efficient way to banking in DeFi.
Alpha Homora is Alpha Finance Lab’s first product and DeFi’s first leveraged yield farming product that captures the market gap in lending, one of the key pillars of the financial system.
Join our Telegram/Discord for the latest updates, follow us on Twitter, or read more about us on our Blog and Document!