Homora V2

New Liquidity Mining Period & Rewards for AlphaX and Alpha Homora (ETH and BSC)

Announcing the new liquidity mining period for AlphaX and Alpha Homora - both on Ethereum (V1 and V2) and BSC (v1):

AlphaX: December 22th, 8pm UTC - January 5th, 8am UTC.
Alpha Homora: December 22th, 8pm UTC - January 19th, 8am UTC.

This blog will be separated into two sections: AlphaX, Alpha Homora (Ethereum V1+V2 and BSC (V1).

AlphaX

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

New period (December 22th - January 5th): Claimable on January 12th
Last period (December 8th - December 22th): Claimable on December 29th

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

During this period, 800,000 ALPHA will be distributed to the users who provide liquidity to eligible Strike Token/USDC pools on Trader Joe by allocating:

50% to ETH Strike Token/USDC pools
50% to AVAX Strike Token/USDC pools.

Eligible users will receive ALPHA rewards proportionately to the value LP Token contributed in the respective pools. As a result, the liquidity provider will receive the corresponding share of transaction fees AND additional liquidity mining rewards from the protocol as an incentive to help sustain a liquid market.

Note: The claimable period is one week after the liquidity mining period ends because it requires one week of processing time for the rewards.

How to Provide Liquidity on AlphaX

Users can either buy their Strike Tokens with USDC or mint fresh tokens, then to earn more yields on top of holding these Strike Tokens, you can provide them to a liquidity pool. For more details, please refer to our guide. (Learn more about how rewards are distributed here)

Alpha Homora on Ethereum (V1+V2) and BSC (V1)

Alpha Homora V1+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 (December 22th, 2021 - January 19th, 2022): Claimable on January 26th, 2022
Last period (December 8th - December 22th): Claimable on December 29th

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

During this period, 1,250,000 ALPHA will be distributed among the following eligible users

2% 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.

8% 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.

90% 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.

Alpha Homora V1 on BSC

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

New period (December 22th, 2021 - January 19th, 2022): Claimable on January 26th, 2022
Last period (December 8th - December 22th): Claimable on December 29th

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

During this period, 35,000 ALPHA will be distributed to borrowers (or yield farmers who open leverage positions of more than 1x).

Note: The claimable period is one week after the liquidity mining period ends because it requires one week of processing time for the rewards.

ibETHv2/ALPHA liquidity providers

ibETHv2/ALPHA liquidity providers for the pool on Sushiswap had been accruing rewards since Alpha Homora V2 also distributes rewards to ETH lenders (or ibETHv2 holders), which ended on September 29th, 2021.

How to claim these ALPHA rewards? You can claim these rewards from October 20th onwards directly on Alpha Homora V2 app. Please see our step-by-step guide on how you can claim here.

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).

Join our Telegram/Discord for the latest updates, follow us on Twitter, or read more about us on our Blog and Document!