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Announcing New Liquidity Mining Period for Alpha Homora (Ethereum + BSC)

Announcing New Liquidity Mining Period for Alpha Homora (Ethereum + BSC)

Announcing the new liquidity mining period for Alpha Homora - both on BSC (V1) and Ethereum (V1 and V2).

Alpha Homora V1 and V2 on Ethereum: Next Liquidity Mining Period

The next liquidity mining period is from May 12th, 8am UTC to May 26th, 8am UTC.

During this period on Alpha Homora V1 and V2 on Ethereum:

  • 3,000,000 ALPHA will be distributed between May 12th and May 26th to the following eligible users:

15% to stablecoin lenders on Alpha Homora V2 (USDT, USDC, DAI):

  • Eligible users will receive ALPHA rewards proportionate to the value of stablecoins they lend vs. the total value of stablecoins lent on Alpha Homora V2.

7% to ETH lenders on Alpha Homora V2:

  • Eligible users will receive ALPHA rewards proportionate to the value of ETH they lend vs. the total value of ETH lent on Alpha Homora V2.

78% to Alpha Homora V1 and V2 users who open leveraged positions of more than 1x (including leveraged yield farming and leveraged liquidity providing positions):

  • Eligible users will receive ALPHA rewards proportionate to the value of assets they borrow vs. the total value of assets borrowed on Alpha Homora V1 and V2.
  • The value of ETH borrowed on Alpha Homora V2 will be treated as 2x the actual borrow value. This means leveraged yield farming on Alpha Homora can get you ~2x the ALPHA rewards.
  • For users who already have leveraged positions of at least 1x open, there’s no need to close and re-open a new position to collect these ALPHA rewards.

To claim ALPHA rewards:

  • ALPHA earned from the previous period (ending May 12th) will be available for eligible users to claim by May 19th.
  • ALPHA earned from the new period (ending May 26th) will be available for eligible users to claim by June 2nd.
  • For both claims, we will update our community again once rewards can be claimed.

For more details on how to claim these rewards, please see our guide.

Alpha Homora V1 BSC: Next Liquidity Mining Period

The next liquidity mining period will be from May 12th, 8am UTC to May 26th, 8am UTC.

During this upcoming liquidity mining period on Alpha Homora V1 BSC:

  • 287,500 ALPHA will be distributed between May 12th and May 26th to borrowers (or yield farmers who open leveraged positions of more than 1x).

To claim their ALPHA rewards:

  • ALPHA earned from this new period will be available for eligible users to claim by May 19th.
  • ALPHA earned from the new period (ending May 26th) will be available for eligible users to claim by June 2nd.
  • For the previous periods - due to subgraph issue on BSC, we have to delay rewards distribution and will update our community again when rewards can be claimed. Note that the BSC team is fixing the issue at the moment. Users can still use http://homora-bsc.alphafinance.io and accrue APY and rewards.

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.

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