We first built AlphaX to be a DeFi-native product for anyone on-chain to trade derivatives easily as we believe that will be the best way to tackle the market gap in the world of DeFi, just like our approach on Alpha Homora with leverage yield farming.
After launching the product for several months, we have received a number of insightful feedback from investors, community members, heavy DeFi users, builders, and many more, driving us back to the whiteboard to further iterate and innovate on the product. As a result, we are looking to pivot AlphaX to be the backend-engine for other DeFi products, offering a strong backbone to the diverse set of applications for derivatives trading and hedging going forward.
What does this mean going forward for AlphaX?
- The Alpha team will move forward with executing the product vision of having AlphaX be the backbone engine for many DeFi applications going forward
- The Alpha team will be working closely with interesting projects from Hackathon and community members building dApp on top of or integrating with AlphaX
- The liquidity mining program for AlphaX will be discontinued for the time being and the last period will end on February 2nd, 2022. Eligible users can still claim ALPHA from the last LM period from February 9th onwards
If you have ideas to build on AlphaX or are building a dApp integrating with AlphaX, reach out to us! We’d love to work with you! For those who are hungry for yields, be sure to head over to Alpha Homora V2 on Avalanche to lend AVAX for high lending interest rate or leverage yield farm with over 100% APY from various yield farming pools. Get started here.
About Alpha Finance Lab
Alpha Finance Lab is a blockchain Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha DeFi ecosystem (Alpha Homora, AlphaX), Alpha Metaverse (Alpha Buy Wall, Provably Rare Gems), and Alpha Launchpad (incubator program).