As Alpha Finance Lab continues to grow as a DeFi lab to build a number of innovative DeFi products that will work together to maximize returns while minimizing downside risk for users, we will continue to decentralize the project and empower our community and users to contribute to the Alpha ecosystem.
With this in mind, we are happy to announce and update our community that Liquidity Mining on Alpha Homora will be continued.
The existing Liquidity Mining program that is due to end on January 11th, 12pm UTC will be extended until February 10th, 12pm UTC.
Liquidity Mining Details
- The program will run from January 11th, 12pm UTC to February 10th, 12pm UTC.
- 6,000,000 ALPHA will be distributed during this 30-day period to Alpha Homora users who open leveraged positions of more than 1x (similar mechanics as the existing Liquidity Mining program). This includes leveraged yield farming and leveraged liquidity providing pools.
- For those who have leveraged positions that are more than 1x opened already, you don't need to close and re-open a new position to get these ALPHA rewards.
As Alpha Homora V2 will be launched this month in January, there will be new additions to the liquidity mining program to ensure a smooth migration process from V1 to V2. We will share more details on this ahead of the launch of Alpha Homora V2.
How to Claim ALPHA from Liquidity Mining?
- The last claim of ALPHA rewards from the existing Liquidity Mining program (Dec 12th, 12pm UTC - Jan 11th, 12pm UTC) will be available for users to claim within a few hours after 12pm UTC on January 11th.
- For the first available claim of the extended Liquidity Mining program, ALPHA earned from your activity during Jan 11th, 12pm UTC - Jan 14th, 12pm UTC (3 days) will be processed on Thursday Jan 14th, 12pm UTC, and will be available for you to claim after the computation and deployment is ready.
- For periods after that, ALPHA earned from your activity will be processed weekly at 12pm UTC every Thursday, and will be available for users to claim after the computation and deployment is ready.
- Accumulated ALPHA earned will be shown under your wallet address on Alpha Homora. Users will be able to claim ALPHA by clicking on your wallet address, then clicking claim.
- ALPHA rewards that have not been claimed will be accumulated and be available for users to claim later as well.
About Alpha Finance Lab
Alpha Finance Lab is an ecosystem of DeFi products that will interoperate to maximize returns while minimizing downside risks for users. Each Alpha product focuses on capturing unaddressed demand in DeFi in an innovative and user friendly way.