Announcing the new liquidity mining period for Alpha Homora - both on Ethereum (V1 and V2) and BSC (v1).

For those who haven't migrated from Alpha Homora V1 Ethereum to V2, be sure to migrate since leverage yield farming on Alpha Homora V2 can get you ~2x the ALPHA rewards!

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

The new liquidity mining period is from July 7th, 8am UTC - July 21st, 8am UTC.

During this period on Alpha Homora V1 and V2 on Ethereum:

  • 4,000,000 ALPHA will be distributed between July 7th and July 21st to the following eligible users:

8% to stablecoin lenders on Alpha Homora V2 (USDT, USDC, DAI):

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

85% to Alpha Homora V1 and V2 users who open leveraged positions of more than 1x (including leverage yield farming and leverage liquidity providing positions):

  • Eligible users will receive ALPHA rewards proportionately 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. This means leverage yield farming on Alpha Homora V2 can get you ~2x the ALPHA rewards.
  • For users who already have leverage positions of at least 1x open, there’s no need to close and re-open a new position to collect these ALPHA rewards.

ALPHA rewards will be available to claim:

  • By July 14th for the latest period (ended July 7th)
  • By July 28th for the new period (ending July 21st)

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

Users on Alpha Homora V1 (Ethereum) are encouraged to migrate to V2

  • On V2, farmers can borrow multiple assets/stablecoins in one position. This allows them to borrow the asset with a lower borrow APY and also spreads the borrow demand across multiple assets, thereby increasing the yield.
  • Leverage yield farming on V2 offers ~2x the ALPHA rewards.
  • Lenders of ETH also earn a higher lending interest rate on V2 as compared to V1.

Here's a quick comparison between the APY on some of the pools on V2 and V1:

Alpha Homora V1 BSC: Next Liquidity Mining Period

The new liquidity mining period will be from July 7th, 8am UTC - July 21st, 8am UTC.

During this liquidity mining period on Alpha Homora V1 BSC:

  • 250,000 ALPHA will be distributed between July 7th and July 21st to borrowers (or yield farmers who open leverage positions of more than 1x).

ALPHA rewards will be available to claim:

  • By July 14th for the latest period (ended July 7th)
  • By July 28th for the new period (ending July 21st)

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

Additional Note

For the last period ending July 7th, some of the users have accidentally claimed more ALPHA than what they are eligible to. To avoid having users to perform more transactions, the new period (ending July 21st) will automatically deduct these additional rewards from the selected few users who have claimed more than what is eligible.


About Alpha Finance Lab

Alpha Finance Lab is a DeFi Lab, and on a mission to build Alpha Universe. Alpha Universe includes the Alpha ecosystem, which consists of Alpha products that interoperate to maximize returns while minimizing risks for users, and other ecosystems incubated through the Alpha Launchpad incubator program.

Alpha Homora is Alpha Finance Lab’s first product and DeFi’s first leveraged yield farming product that also captures the market gap in lending, one of the key pillars of the financial system.

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