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Alpha Summary

Alpha Finance Lab October Update

Alpha Finance Lab October Update

Welcome to Alpha October Update - a full recap of everything about Alpha in October!

TL;DR:  

ALPHA Launchpad Summary

Alpha Finance Lab has successfully completed Initial Exchange Offering (IEO) on Binance Launchpad on October 9th where users staked their BNB to get a chance to buy ALPHA at the public sale price of $0.02. ALPHA was then listed on Binance on October 10th.

For more details, see our full announcement here.

Alpha Homora Launch

Alpha Homora, which is on Ethereum, is a protocol for leveraging your position in yield farming pools. Alpha Homora is the only leveraged yield farming protocol available in DeFi.

ETH lenders can earn high interest on ETH, and yield farmers can get even higher farming APY from taking on leveraged yield farming positions. Currently, there are more than $5M total value locked on Alpha Homora.

Supported leveraged yield farming pools include

Uniswap

  • WETH / WBTC
  • WETH / USDC
  • WETH / USDT
  • WETH / DAI
  • WETH / YFI

IndexCoop

  • WETH / DPI

SushiSwap

  • WETH / SUSHI

For step-by-step and detailed walk-through of Alpha Homora, please see the doc here.

Alpha Finance Lab partners with SCB 10X, the venture arm of Siam Commercial Bank, one of the largest banks in Thailand

Alpha team has been working hand-in-hand with and leveraging developing resources from SCB 10X to build and launch innovative and impactful Alpha products that become key building blocks to grow the DeFi market and eventually solve real-world banking problems.

SCB 10X is an early investor in international payments giant, Ripple, and leading cryptocurrency lending platform, BlockFi.

For more details, see our full announcement here.

Sneak Peek On The Next Alpha Product

Since Alpha Homora was launched, we were presented with many interesting opportunities to expand the usages of Alpha Homora even further.

One market opportunity that caught our attention is offering a market neutral leveraged position on Alpha Homora. However, instead of limiting to just ETH, which is what Alpha Homora is focused on, we expanded our analysis to building a product that offers leveraged positions on any asset - hence a perpetual swap product - that we plan to launch on both Ethereum and Binance Smart Chain.

For more details, see our full announcement here.

Looking Forward

While we are focusing our engineering and research resources on building the perpetual swap product, we will continue to add yield farming pools on Alpha Homora, drive usage of Alpha Homora, and market these unique use cases and features to the whole DeFi community.

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!

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