Announcing New Liquidity Mining Period for Alpha Homora V1 and V2 (Ethereum + BSC)
Announcing the new liquidity mining period for Alpha Homora - both on Ethereum (V1 and V2) and BSC (v1).
For those who haven't migrated from Alpha Homora V1 Ethereum to V2, be sure to migrate since leverage yield farming on Alpha Homora V2 can get you ~2x the ALPHA rewards!
Alpha Homora V1 and V2 on Ethereum: New Liquidity Mining Period
The new liquidity mining period is from September 1st, 8am UTC - September 15th, 8am UTC.
During this period on Alpha Homora V1 and V2 on Ethereum:
- 1,100,000 ALPHA will be distributed between September 1st - September 15th to the following eligible users:
5% to stablecoin lenders on Alpha Homora V2 (USDT, USDC, DAI):
- Eligible users will receive ALPHA rewards proportionately to the value of stablecoins they lend vs. the total value of stablecoins lent on Alpha Homora V2.
12% to ETH lenders on Alpha Homora V2:
- Eligible users will receive ALPHA rewards proportionately to the value of ETH they lend vs. the total value of ETH lent on Alpha Homora V2.
83% to Alpha Homora V1 and V2 users who open leveraged positions of more than 1x (including leverage yield farming and leverage liquidity providing positions):
- Eligible users will receive ALPHA rewards proportionately 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 leverage yield farming on Alpha Homora V2 can get you ~2x the ALPHA rewards.
- For users who already have leverage positions of at least 1x open, there’s no need to close and re-open a new position to collect these ALPHA rewards.
ALPHA rewards will be available to claim:
- By September 8th for the current period (ending September 1st)
- By September 22nd for the new period (ending September 15th)
For more details on how to claim these rewards, please see our guide.
Users on Alpha Homora V1 (Ethereum) are encouraged to migrate to V2
Users who are still on Alpha Homora V1 are encouraged to migrate to V2 for a number of reasons.
- On V2, leverage yield farmers can borrow multiple assets/stablecoins in one position. This allows them to borrow the asset with a lower borrow APY and also spreads the borrow demand across multiple assets, thereby increasing the yield.
- Leverage yield farming on V2 offers ~2x the ALPHA rewards.
- Lenders of ETH also earn a higher lending interest rate on V2 as compared to V1.
- Now that Alpha Tiers have been integrated with Alpha Homora V2, ALPHA stakers who have more than 1,000 ALPHA staked can now enjoy 10% - 40% higher leverage when opening a farming position on Alpha Homora V2 using the same wallet address that stakers use to stake ALPHA on Alpha Tokenomics.
- By using the ‘Basic Farming Mode’ on V2, users will only need to select the level of leverage and the asset(s). Amount to borrow are calculated for the users to minimize price impact from swapping assets on the AMM protocols
Alpha Homora V1 BSC: Next Liquidity Mining Period
The new liquidity mining period will be from Sept 1st, 8am UTC - Sept 15th, 8am UTC.
During this liquidity mining period on Alpha Homora V1 BSC:
- 60,000 ALPHA will be distributed between Sept 1st - Sept 15th to borrowers (or yield farmers who open leverage positions of more than 1x).
ALPHA rewards will be available to claim:
- By September 8th for the current period (ending September 1st)
- By September 22nd for the current period (ending September 15th)
For more details on how to claim these rewards, please see our guide.
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