TL;DR

Important Announcement:
This will be the last liquidity mining period to distribute AVAX as rewards from the RUSH Program for Alpha Homora V2 on Avalanche. ALPHA rewards are not impacted.

Announcing the new liquidity mining period for Alpha Homora V2 on Avalanche:
March 16th, 8am UTC - March 30th 8am UTC.

Announcing the new liquidity mining period for Alpha Homora V2 on Ethereum:
March 16th, 8am UTC - April 12th 8am UTC.

This blog will be separated into two sections:
1. Alpha Homora V2 on Avalanche
2. Alpha Homora V2 on Ethereum

Alpha Homora V2 on Avalanche

The new liquidity mining period and when to claim ALPHA  and AVAX rewards will be:

  • New period
    March 16th - March 30th: Claimable on April 6th
  • Last period
    March 2nd - March 16th: Claimable on March 23rd

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

During this period, 310,000 ALPHA and 1,154 AVAX will be distributed among the following eligible users

  • 85.4% to AVAX lenders:
    Users will receive Rush rewards proportionately to the value of AVAX they lend vs. the total value of AVAX borrowed (for leverage yield farming) on Alpha Homora V2.
  • 11.8% to Stablecoin lenders (USDT.e, USDC.e, DAI.e):
    Users will receive Rush rewards proportionately to the value of Stable Coin they lend vs. the total value of stablecoin borrowed (for leverage yield farming) on Alpha Homora V2.
  • 2.8% to ‘other tokens’ lenders (WETH.e, WBTC.e):
    Users will receive Rush rewards proportionately to the value of ‘other tokens’ they lend vs. the total value of ‘other tokens’ borrowed (for leverage yield farming) on Alpha Homora V2.

Note: The claimable period is one week after the liquidity mining period ends because it requires one week of processing time for the rewards. If you see that the rewards are claimable a few days before the claimable date, it means that our team has completed the processing time earlier than expected.

Alpha Homora V2 on Ethereum

For those who are still on Alpha Homora V1, users are encouraged to migrate to V2.

The new liquidity mining period and when to claim ALPHA rewards will be:

  • New period
    March 16th - April 12th: Claimable on April 19th
  • Last period
    February 16th - March 16th: Claimable on March 23rd

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

During this period, 500,000 ALPHA will be distributed among the following eligible users

1.0% 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.

5.5% 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.

93.5% 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.
  • 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.

Note: The claimable period is one week after the liquidity mining period ends because it requires one week of processing time for the rewards. If you see that the rewards are claimable a few days before the claimable date, it means that our team has completed the processing time earlier than expected.


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).

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