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

Announcing the new liquidity mining period for AlphaX and Alpha Homora V2 - both on Avalanche: January 5th, 8am UTC - January 19th, 8am UTC.

This blog will be separated into two sections: AlphaX and Alpha Homora V2 on Avalanche

AlphaX on Avalanche

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

• New period (January 5th - January 19th): Claimable on January 26th
• Last period (December 22th - January 5th): Claimable on January 12th

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

During this period, 1,600,000 ALPHA will be distributed to the users who provide liquidity to eligible Strike Token/USDC pools on Trader Joe by allocating:

• 55% to ETH Strike Token/USDC pools
• 45% 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)

Note: ⚠️ Current APR is OVER 1,000% ⚠️️

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 rewards will be:

• New period (January 5th - January 19th): Claimable on January 26th
• Last period (December 15th - January 5th): Claimable on January 12th

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

During this period, 400,000 ALPHA and 3,700 AVAX will be distributed among the following eligible users

• 65.2% 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.
  
• 30.5% 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.
  
• 4.3% 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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