Summary

New liquidity mining period for AlphaX and Alpha Homora V2 - both on Avalanche: January 19th, 8am UTC - February 2nd 8am UTC.

New liquidity mining period for Alpha Homora V1 on BSC and V1+V2 on Ethereum: January 19th, 8am UTC - February 16th 8am UTC.

This blog will be separated into two sections:

  1. AlphaX and Alpha Homora V2 on Avalanche
  2. Alpha Homora V1 on BSC and V1+V2 on Ethereum

Section 1:
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 19th - February 2nd): Claimable on February 9th
  • Last period (January 5th - January 19th): Claimable on January 26th
    For more details on how to claim these rewards, please see our guide.

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

  • 45% to ETH Strike Token/USDC pools
  • 55% 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 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 (January 19th - February 2nd): Claimable on February 9th
  • Last period (January 5th - January 19th): Claimable on January 26th

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

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

  • 70.8% 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.
  • 27.0% 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.
  • 2.1% 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.

Section 2:
Alpha Homora V1 on BSC and V1+V2 on Ethereum

Alpha Homora V1 on BSC

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

  • New period (January 19th - February 16th): Claimable on February 23th
  • Last period (January 5th - January 19th): Claimable on January 26th

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

During this period, 25,000 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.

Alpha Homora V1 and 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 (January 19th - February 16th): Claimable on February 23th
  • Last period (January 5th - January 19th): Claimable on January 26th

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

During this period, 1,100,000 ALPHA will be distributed among the following eligible users

1.5% 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.

7.0% 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.

91.5% 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.


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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