New Liquidity Mining Period & Rewards for ibETHv2/ALPHA LP
Announcing the new liquidity mining period for Alpha Homora - both on Ethereum (V1 and V2) and BSC (v1).
For those who haven't migrated from Alpha Homora V1 Ethereum to V2 Ethereum, be sure to migrate for more functionalities and rewards!
Additionally, 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). Please read this blog to find out how to claim your ALPHA rewards.
sALPHA “Claim & Stake” button
From the result of our recent proposal, this new liquidity mining period and onwards will be distributing sALPHA instead of ALPHA. Instead of claiming ALPHA to your wallet, you will be prompted to click “claim & stake”. This button will:
1. Automatically claim ALPHA
2. Stake it on Alpha Tokenomics
Note: This action will reset the unstaking period and restart the 30 days countdown clock for your ALPHA on Alpha Tokenomics.
Alpha Homora V1 and V2 on Ethereum: New Liquidity Mining Period
The new liquidity mining period is from November 24th, 8am UTC - December 8th, 8am UTC.
During this period on Alpha Homora V1 and V2 on Ethereum:
- 1,100,000 ALPHA will be distributed between to the following eligible users:
3.85% 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.
10.90% 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.
85.25% 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.
When to claim ALPHA rewards:
- New period (November 24th - December 8th): Claimable on December 15th
- Last period (November 10th - November 24th): Claimable on December 1st
For more details on how to claim these rewards, please see our guide.
Note: The claimable period is one week after the liquidity mining period ends because it requires one week of processing time for the rewards.
Users on Alpha Homora V1 (Ethereum) are encouraged to migrate to V2
Users who are still on Alpha Homora V1 are encouraged to migrate to V2 for a number of reasons.
- On V2, leverage yield farmers can borrow multiple assets/stablecoins in one position. This allows them to borrow the asset with a lower borrow APY and also spreads the borrow demand across multiple assets, thereby increasing the yield.
- By using the ‘Basic Farming Mode’ on V2, users will only need to select the level of leverage and the asset(s). Amount to borrow are calculated for the users to minimize price impact from swapping assets on the AMM protocols. Now that Alpha Tiers have been integrated with Alpha Homora V2, ALPHA stakers who have more than 1,000 ALPHA staked can now enjoy 10% - 40% higher leverage when opening a farming position on Alpha Homora V2 using the same wallet address that stakers use to stake ALPHA on Alpha Tokenomics.
Alpha Homora V1 BSC: New Liquidity Mining Period
The new liquidity mining period will be from November 24th, 8am UTC - December 8th, 8am UTC.
During this liquidity mining period on Alpha Homora V1 BSC:
60,000 ALPHA will be distributed to borrowers (or yield farmers who open leverage positions of more than 1x).
When to claim ALPHA rewards:
- New period (November 24th - December 8th): Claim on December 15th
- Last period (November 10th - November 24th): Claim on December 1st
For more details on how to claim these rewards, please see our guide.
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.
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