Update on ALPHA cross-chain token transfer

Update on ALPHA cross-chain token transfer

As Alpha Finance Lab project, Alpha Homora, and upcoming Alpha products continue to grow in usage and adoption, we are keen to update our community on the next step of the process to transfer ALPHA across Ethereum and Binance Smart Chain, a process that we have planned to enact as our project continues to grow and become more decentralized over time.

Specifically, we will proceed to transfer the locked tokens on EOA Ethereum wallet, which is currently used to lock and unlock balance transfers between Ethereum and Binance Smart Chain, to Gnosis Safe (https://gnosis-safe.io) Multisig wallet to further enhance security and scalability of the token transfer. The transfer will be completed by Nov 25, 2020.

As the next step, we are working with the Binance Smart Chain team to achieve a similar result for the BSC wallet side. As Alpha Finance Lab continues to grow at a rapid pace, the cross-chain token transfer process will continue to be moved towards a decentralized way.

About Alpha Finance Lab

Alpha Finance Lab is an ecosystem of cross-chain DeFi products that will interoperate to bring optimal alpha returns to users. Alpha products focus on capturing unaddressed demand in DeFi in an innovative and user friendly way.

We are moving at a rapid pace, so we encourage everyone to join our Telegram / Discord for the latest updates, follow us on Twitter, or read more about us on our Blog!