New Liquidity Mining Period & Rewards for Alpha Homora V2 & Update on AlphaX

Earlier this week, we released an announcement related to the future direction of AlphaX. Please refer to the blog here for full details. As a result, the liquidity mining period for AlphaX will be discontinued starting from today. Eligible users can claim their rewards starting on February 9th.

Announcing the new liquidity mining period for Alpha Homora V2 on Avalanche: February 2nd 8am UTC - February 16th 8am UTC.

AlphaX on Avalanche

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

• Last period (January 19th - February 2nd): Claimable on February 9th

Alpha Homora V2 on Avalanche

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 and AVAX rewards will be:

• New period (February 2nd - February 16th): Claimable on February 23rd
• Last period (January 19th - February 2nd): Claimable on February 9th

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

During this period, 400,000 ALPHA and 4,150 AVAX will be distributed among the following eligible users

• 84.3% 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.
  
• 13.9% 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.
  
• 1.9% 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.

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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