Alpha Summary

July Monthly Summary & August Outlook

Hey Alpha Wolf community, it is time for our monthly recap of all things Alpha! There have been so many events the past month in July, so here is the summary!

Here are the sections that will be covered in this post:

Alpha Homora
AlphaX
Alpha Tokenomics
Alpha Launchpad
Alpha Wolves Community

Alpha Homora

Leverage Yield Farming Safely on Curve 3pool

Despite market volatility, users can still earn high yields with minimal risks through leverage yield farming of Curve 3pool since the underlying assets are 3 stablecoins. Though the risks are minimal, we covered them in detail in the announcement to ensure users are aware.

By using the features such as the ‘Basic Farming mode’ and liquidation notifications by Ethereum Push Notifications Service (EPNS), users can also better manage their risks.

Higher Yields on Alpha Homora V2

Users who are still on Alpha Homora V1 are encouraged to migrate their positions for higher yields on V2. Leverage yield farmers on Alpha Homora V2 are gaining ~2x the ALPHA rewards as compared to farming on V1.

Here’s a quick comparison between the APYs on V1 and V2:

We have already migrated most of the pools on V1 and have removed the pools that are not migrating. Users will also not be able to open new positions on the existing pools on V1 and should look to V2 to open those positions.

Auto-Stake Alpha

With the aim to expand Alpha’s positive feedback loop, the Auto-Stake feature was added this month to Alpha Homora V2. Users will now be able to stake their ALPHA rewards onto Alpha Tokenomics directly from Alpha Homora V2.

Here’s an image showing the ‘Positive Feedback Loop':

Having this feedback loop shows the synergy and composability among Alpha products. This synergy is key to multiple generating value accrual for ALPHA stakers.

The integration of Alpha Tiers with Alpha Homora V2 also allows users who are staking ALPHAto now unlock 10% - 40% higher leverage on Alpha Homora V2, further increasing the yields they can earn.

AlphaX

The first security audit for AlphaX by Consensys has been completed with no major issues found. With that finished, our UX/UI and product team are now working on designing a seamless UX/UI and getting feedback from our heaviest users.

Alpha Tokenomics

Number of ALPHA staked

The number of ALPHA staked has recently crossed 125M on Alpha Tokenomics! With a week-on-week increase of ~10M ALPHA.

Alpha Tiers x Alpha Homora V2

Alpha Tiers (a part of Alpha Tokenomics) have now been integrated into Alpha Homora V2. ALPHA stakers now unlock additional leverage when opening new positions or adding onto existing positions using the same wallet address that stakers use to stake ALPHA on Alpha Tokenomics.

The amount of leverage unlocked by ALPHA stakers varies based on the Alpha Tier that they are placed in, ranging from 10% to 40% extra leverage when opening a farming position.

Alpha Launchpad

Beta Finance

Earlier this month, we unveiled Alpha Launchpad’s first incubated project, Beta Finance. Beta Finance aims to offset crypto volatility and brings about market stability through a short-selling tool coupled with a permissionless money market.

Beta Finance addresses a significant market gap by building a one-stop-shop for short selling crypto assets. On the other hand, holders of any crypto tokens may create a money market on Beta to lend and get high lending APYs in return.

For more information on Beta Finance, check out their project launch announcement here!

Multiplying Value Accrual for ALPHA Stakers

Alpha Launchpad has contributed tremendously to multiplying value accrual back to ALPHA stakers.

The high standard that we have to evaluate projects ensures the quality of projects that get selected for the incubation process. Thus, projects that get refined and incubated by Alpha Launchpad will have strong product-market fit and bring real value to DeFi.

The value created then flows to ALPHA stakers, as stakers will receive these high quality project tokens in addition to protocol fees collected from Alpha products and will get the opportunity to learn more about these new and innovative DeFi projects early on.

The image below shows the amount of ALPHA staked along with the dates Alpha Launchpad and Beta Finance project had been released.

As seen in the chart above, the value that Alpha Launchpad brings to the incubated projects has been one of the main driving forces to the exponential growth of ALPHA being staked.

It also goes to show that the Alpha community believes in what we have built and will continue to build and incubate at Alpha such that ALPHA holders decide to stake their tokens as a security model for all Alpha products.

Alpha Launchpad Review and New Alpha Finance Website

After a well received launch of Beta Finance, we are planning to expand, scale, and decentralize the incubation process of Alpha Launchpad even further. With Alpha Launchpad, the core Alpha team continue to build new and on existing Alpha products, whilst mentoring incubated projects. ALPHA stakers will receive maximum value accrual from existing products and those in the pipeline.

In July, we also revamped Alpha Finance website that now showcases all the different parts of the Alpha Universe. Our UX/UI team has given it a much more innovative look, allowing the products within the Alpha Universe to stand out and display their synergistic nature.

Here is a quick look:

Alpha Wolves Community

Roadmap & Vision

The roadmap above also summarizes our development plan that pushes us towards our vision of building the Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.

Alpha Universe is key to allowing us to react quickly and intelligently to the market changes, which are inevitable as DeFi industry continues to mature.

Alpha Finance x Project Galaxy

We partnered with Project Galaxy this month as we wanted to reward ALPHA stakers that held strong throughout the recent times of volatility and continued staking on Alpha Tokenomics!

ALPHA stakers of more than 1,000 ALPHA and didn’t unstake from 19th May until July 13th were eligible for the claim of their NFT (as seen below).

We have recently started a new section, Bi-Weekly Newsletter, on the blog. The newsletter will allow the community to be updated on the things we are building/have built and launched over the most recent 2 weeks.

Looking forward

August will be an important month at Alpha with many key launches and updates on various fronts!

Some of these key launches and updates are related to Alpha Launchpad, Beta Finance, and the long-anticipated Alpha DAO!

Stay tuned to our socials to find out more.

About Alpha Finance Lab

Alpha Finance Lab is a DeFi Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.

Alpha Homora is Alpha Finance Lab’s first product and DeFi’s first leveraged yield farming product that also captures the market gap in lending, one of the key pillars of the financial system.

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