Extending Liquidity Mining for Alpha Homora V1 and V2 on Ethereum
We are happy to announce that the liquidity mining program on Alpha Homora V1 and V2 on Ethereum will be continued. The existing liquidity mining program that is due to end on March 12th, 12pm UTC will be extended for 30 days until April 11th, 8am UTC.
Additionally, even before the new program starts on March 12th, additional ALPHA rewards will be distributed to ETH lenders on Alpha Homora V2 for activities from March 2nd, 12pm UTC (last Tuesday) to March 12th, 12pm UTC.
Additional Liquidity Mining Program for ETH Lenders on Alpha Homora V2
100,000 ALPHA will be distributed to users who lend ETH on Alpha Homora V2 during the 10-day period from March 2nd, 12pm UTC to March 12th, 12pm UTC.
For those who lent during this period, but withdrew already, you will still receive these ALPHA rewards.
Note that ETH lenders may not see accumulated ALPHA rewards yet, as the number will be available for display in the next few days. Although the number will appear later, the activity since March 2nd, 12pm UTC will be taken into rewards calculation.
For more details on how to claim these rewards, please see “How to claim” section below.
Extended Liquidity Mining Program for Alpha Homora V1 and V2 on Ethereum
The extension of the original program will run from March 12th, 2pm UTC to April 11th, 8am UTC.
4,950,000 ALPHA will be distributed during this 30-day period to the following eligible users:
15% to Alpha Homora V2 stablecoin lenders (USDT, USDC, DAI)
- Eligible users will get ALPHA in proportion to the value of stablecoins they lend vs. the total value of stablecoins lent on Alpha Homora v2.
7% to Alpha Homora V2 ETH lenders
- Eligible users will get ALPHA in proportion 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. This includes leveraged yield farming and leveraged liquidity providing pools.
- Eligible users will get ALPHA in proportion to the value of assets they borrow vs. the total value of assets borrowed on Alpha Homora v1 and v2.
- The value of ETH borrow on Alpha Homora V2 will be treated as 2x the actual borrow value.
For those who have leveraged positions that are more than 1x opened already, you don't need to close and re-open a new position to get these ALPHA rewards.
For more details on how to claim these rewards, please see “How to claim” section below.
How to Claim ALPHA from Liquidity Mining?
Users will be able to claim ALPHA rewards by clicking on the wallet address on Alpha Homora V2, then clicking claim.
ALPHA rewards that have not been claimed will be accumulated and be available for users to claim later as well.
Current liquidity mining program (Feb 10th, 12pm - Mar 12th, 12pm UTC)
- The last claim of ALPHA rewards for the current program will be available for users to claim within a few hours after 12pm UTC on March 12th.
Additional liquidity program for ETH lenders on Alpha Homora V2
- ETH lenders can claim ALPHA rewards a few hours after 12pm UTC on March 12th.
Extended liquidity mining program (March 12th - April 11th)
- For the first available claim of the extended program, ALPHA earned from your activity during March 12th, 2pm UTC - March 17th, 8am UTC (5 days) will be processed on Wednesday March 17th, 8am UTC, and will be available for eligible users a few hours thereafter.
- Afterwards, ALPHA earned from your activity will be processed weekly at 8am UTC every Wednesday and will be available for users to claim a few hours thereafter.
About Alpha Finance Lab
Alpha Finance Lab is an ecosystem of DeFi products that will interoperate to maximize returns while minimizing downside risks for users. Each Alpha product focuses on capturing unaddressed demand in DeFi in an innovative and user friendly way.
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