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 Aug 4th, 8am UTC - August 18th, 8am UTC.

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

  • 2,000,000 ALPHA will be distributed between August 4th - August 18th 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.

10% 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.

82% 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 August 11th for the latest period (ending August 4th)
  • By August 25th for the new period (ending August 18th)

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

Users who are still on Alpha Homora V1 are encouraged to migrate to V2 for a number of reasons.

  • On V2, leverage yield 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.
  • Now that Alpha Tiers have been integrated with Alpha Homora V2, ALPHA stakers who have more than 1,000 ALPHA staked can now enjoy from 10% to 40% higher leverage when opening a farming position on Alpha Homora V2.
  • By using the ‘Basic Farming Mode’ on V2, users will only need to select the level of leverage and the asset(s). Amount to borrow are calculated for the users to minimize price impact from swapping assets on the AMM protocols

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 August 4th, 8am UTC - August 18th, 8am UTC.

During this liquidity mining period on Alpha Homora V1 BSC:

  • 100,000 ALPHA will be distributed between August 4th - August 18th to borrowers (or yield farmers who open leverage positions of more than 1x).

ALPHA rewards will be available to claim:

  • By August 11th for the new period (ending August 4th)
  • By August 25th for the new period (ending August 18th)For more details on how to claim these rewards, please see our guide.

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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