We’re excited to start this week off with a few announcements on Alpha Homora’s liquidity mining program on Binance Smart Chain (vBSC) and both V1 and V2 on Ethereum!

Alpha Homora vBSC: Current Liquidity Mining Period

The current liquidity mining period ends March 31st at 8am UTC.

To claim ALPHA and CAKE rewards:

  • ALPHA and CAKE earned will be available for eligible users to claim by April 7th. We upgraded the reward claiming process to a more scalable one, which has impacted when rewards will be available to collect.
  • We will update our community once rewards can be claimed.

For more details on how ALPHA and CAKE rewards will be distributed to eligible users, take a look at our product document.

Alpha Homora vBSC: Next Liquidity Mining Period

The next liquidity mining period will be from March 31st, 8am UTC to April 14th, 8am UTC.

During this next liquidity mining period on Alpha Homora vBSC:

  • 237,500 ALPHA and 5,000 CAKE will be distributed between March 31st and April 14th to borrowers (or yield farmers who open leveraged position of more than 1x leverage).

To claim ALPHA and CAKE rewards:

  • ALPHA and CAKE earned by liquidity miners in this current period will be available for eligible users to claim by April 21st.
  • We will update our community once rewards can be claimed.

Alpha Homora V1 and V2 on ETH: Current Liquidity Mining Period

The current liquidity mining period of March 12th, 8am UTC to April 11th, 8am UTC is still active.

While there are no changes to the amount of ALPHA distributed, there has been a slight update to when eligible users can claim the rewards:

  • ALPHA earned by liquidity miners in this current period will now be available for eligible users to claim by April 21st. We upgraded the reward claiming process to a more scalable one, which has impacted when rewards will be available to collect.
  • We will update our community once rewards can be claimed.
    For more details on how ALPHA rewards are distributed to eligible users, check out our product document.

About Alpha Finance Lab

Alpha Finance Lab is a DeFi Lab and on a mission to build an ecosystem of DeFi products (the Alpha ecosystem), consisting of innovative building blocks that capture unaddressed demand in key pillars of the financial system. These building blocks will interoperate, creating the Alpha ecosystem that will be an innovative and more capital efficient way to banking in DeFi.

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

Join our Telegram/Discord for the latest updates, follow us on Twitter, or read more about us on our Blog and Document!