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Announcing New Liquidity Mining Period for Alpha Homora (Ethereum + BSC)

Announcing New Liquidity Mining Period for Alpha Homora (Ethereum + BSC)

Announcing the new liquidity mining period for Alpha Homora - both on BSC (V1) and Ethereum (V1 and V2).

Alpha Homora V1 BSC: Next Liquidity Mining Period

The next liquidity mining period will be from April 28th, 8am UTC to May 12th, 8am UTC.

During this upcoming liquidity mining period on Alpha Homora V1 BSC:

  • 287,500 ALPHA will be distributed between April 28th and May 12th to borrowers (or yield farmers who open leveraged positions of more than 1x).

To claim their ALPHA rewards:

  • ALPHA earned from this new period will be available for eligible users to claim by May 19th.
  • For the period ending April 28th - due to subgraph issue on BSC, we have to delay rewards distribution and will update our community again when rewards can be claimed. Note that the BSC team is fixing the issue at the moment. Users can still use http://homora-bsc.alphafinance.io and accrue APY and rewards.

Alpha Homora V1 and V2 on Ethereum: Next Liquidity Mining Period

The next liquidity mining period will be from April 28th, 8am UTC to May 12th, 8am UTC.

During this upcoming liquidity mining period on Alpha Homora V1 and V2 on Ethereum:

  • 3,000,000 ALPHA will be distributed between April 28th and May 12th to the following eligible users:

15% to stablecoin lenders on Alpha Homora V2 (USDT, USDC, DAI):

  • Eligible users will receive ALPHA rewards proportionate to the value of stablecoins they lend vs. the total value of stablecoins lent on Alpha Homora V2.

7% to ETH lenders on Alpha Homora V2:

  • Eligible users will receive ALPHA rewards proportionate to the value of ETH they lend vs. the total value of ETH lent on Alpha Homora V2.

78% to Alpha Homora V1 and V2 users who open leveraged positions of more than 1x (including leveraged yield farming and leveraged liquidity providing positions):

  • Eligible users will receive ALPHA rewards proportionate to the value of assets they borrow vs. the total value of assets borrowed on Alpha Homora V1 and V2.
  • The value of ETH borrowed on Alpha Homora V2 will be treated as 2x the actual borrow value.
  • For users who already have leveraged positions of at least 1x open, there’s no need to close and re-open a new position to collect these ALPHA rewards.

To claim ALPHA rewards:

  • ALPHA earned from the current period (ending April 28th) will be available for eligible users to claim by May 5th.
  • ALPHA earned from the new period (ending May 12th) will be available for eligible users to claim by May 19th.
  • For both claims, we will update our community again once rewards can be claimed.

For more details on how to claim these rewards, please see our guide.

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.

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