As we bid farewell to the last quarter of 2021, we'd like to thank all of you for being part of our long journey. Every milestone we reached this year has grown our wolf community a lot bigger, and we are forever grateful for all of your contributions! Now, let us take you on a tour of our year's ups and downs to find out how we got here today.
In the first quarter, we launched our Alpha Homora V2 on Ethereum, introducing more partners, including Cream Finance, SushiSwap, Curve, and Balancer. Followed by the migration process, migrating positions and liquidity from Alpha Homora V1 to Alpha Homora V2. Not long after the launch, we experienced a bumpy ride along the way. February was our pusk-back moment to reflect on the path we’re taking, and together we established a more secure DeFi environment, which made us come out stronger than ever before. Despite being in a challenging time, we developed our ecosystem by launching Alpha Homora on the Binance Smart Chain (BSC), thus building a multi-chain Alpha ecosystem and the value accrual mechanism across multiple chains. Finally, we ended Q1 with the launch of ALPHA tokenomics, allowing all token holders to join our wolf pack and earn protocol fees along with product-specific benefits.
Moving forward to Q2, we successfully relaunched Alpha Homora V2 with many new functionalities to further enhance users' experience. We also formed new partnerships and integrations into the Alpha Homora ecosystem, including Ethereum Push Notification Service (EPNS) to build a notification system for Alpha Homora users, Immunefi and Armor to create an active bug bounty program, and Yieldwatch to showcase data and analytics on Alpha Homora vBSC. Moreover, we announced our collaboration with two leading data oracle providers, Band Protocol and Chainlink, to ensure security, scalability, and flexibility for the Alpha ecosystem. Last but definitely not least, Alpha Launchpad incubator program was first introduced in June. The first and only incubation program created by builders for builders!
We started the second half of 2021, quarter three, with a big push on all three fronts of the Alpha Ecosystem: Alpha Tokenomics, Alpha Launchpad, and Alpha Metaverse. We rolled out multiple innovations during this quarter, the first of which is upgrading our Tokenomics through adding Alpha Tiers. This was the first time any Tokenomics system was integrated with unique product features. The Alpha Tiers allow the contributors of our ecosystem, the ALPHA stakers, to enjoy higher leverage from Alpha Homora V2 on Ethereum according to the amount of ALPHA they stake. In addition to this improvement, the Alpha Launchpad boarded the very first incubating projects, Beta Finance, and shortly followed by pSTAKE Finance. We made an enormous effort to nurture and advise these projects so that they would be ready for the crypto landscape in the years to come. Likewise, in our launchpad department, we also created three innovations of our own: the Alpha Buy Wall, Provably Rare Gems, and the AlphaX. As quarter three was the enlightenment age for the Metaverse, we had to get our hands dirty in this realm as well. Our products, the Alpha Buy Wall and the Provably Rare Gems, are intended to provide the NFT community with a more seamless experience and navigation while interacting with NFT assets. In the future, we will continue to push for more research and improvements to these products for our users. Lastly, on our DeFi arm, Alpha launched the AlphaX test net for our community to experience the most capital-efficient way to trade derivatives on-chain.
The last quarter of 2021 was mainly focused on our multi-chain expansion. We started by launching Alpha Homora V2 on the exponentially growing blockchain network, Avalanche, and received ~500 million in TVL in less than 2 months. This was a huge success for both our users and for the Alpha Team, to see that our innovation had lived up to its standard. Soon after, the Alpha Launchpad sector continued its mission to produce high-quality projects and, therefore, launched the third incubating project, GuildFi, to the blockchain market. This was the first time our Alpha Launchpad took a bite on the metaverse and the GameFi industry due to the prospected rising trend of on-chain gaming in the first quarter of 2022. After collecting enough data on improvements from the testnet, AlphaX was ready to launch. Similarly to Alpha Homora, we opened it to the public for the first time on the Avalanche network for our users to experience our creation with lower gas fees.
The year 2021 encompasses both the hardships and successes that made us bigger and greater as a project. We will use everything we learned from our experiences to develop innovations and advise projects to help improve the face of the blockchain landscape. We strive to become a significant player that acts as a DAO lab to innovate products that will improve the blockchain community's experience. Join us on our adventure to explore the advancements and support the key innovations in blockchain. We promise to do all in our power to become a $10 billion project. Next destination, the moon!
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).