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Alpha Finance is a project that aims to build out an ecosystem of cross-chain DeFi products that are interoperable to bring increased “alpha” returns for its users. The company behind the project, Alpha Finance Labs, was launched in September 2020 by Tascha Punyaneramitdee.
Their first product called Alpha Homora was launched on October 5th. This protocol allows users to leverage their yield farming positions by a factor of up to 2.5X. It is like margin trading for Liquidity Farming as it allows farmers to borrow ETH to liquidity farm with a higher portfolio value. They will pay the interest from borrowing the ETH to other depositors on the protocol.
The protocol allows yield farmers to borrow ETH with up to 2.5x leverage when farming on supported Uniswap pools. The tokens that they earn from farming are then automatically reinvested back to compound the profits.
Additionally, Alpha Homora also allows users to deposit ETH into the Alpha bank and receive ibETH - an interest-bearing asset which is paid for by liquidity farmers that borrow ETH for leverage.
Alpha Finance Labs launched its token $ALPHA through an Initial Exchange Offering (IEO) on the Binance Launchpad during October 2020. The IEO saw 100 million ALPHA being sold at $0.02 which raised $2 million. The token allows for governance at the product level. It will also eventually be used as a utility token on the Alpha ecosystem.
The smart contracts for the protocol have been reviewed and audited by Peckshield which brings a level of confidence when depositing funds into the protocol.
In this tag, you can discover Alpha Finance (ALPHA) news, price prediction, opinion, and analysis created by users.
3 Mar 2021 1 minute read 0 comments Makingdigital
A few days ago, I announced the Association of Alpha Finance Lab with Compound and that among its plans was also the adhesion of its products to the Binance Smart Chain. Alpha Finance Lab has officially confirmed that in the coming weeks this will be...
27 Feb 2021 1 minute read 0 comments Makingdigital
Since the last update of the Alpha Homora protocol to its second version, the microloan platform has experienced a growing influx of new users, which has spurred a rise in the price of its token of more than 25%. Despite the fact that in the first we...
30 Jan 2021 1 minute read 1 comment kesteve
2 weeks ago I was thinking to put some funds in to ALPHA, when the price was slowly moving down to .41 USD, but I still waited for a minor correction. Then suddenly it started to rally, this crazy train seems unstoppable, but at this point my hands w...
28 Jan 2021 1 minute read 1 comment Bfab
The name of this token is so nice that I am wondering why nobody thought about it earlier. The first letter in the alphabet. Easy and obvious. However, ALPHA is not only interesting for its name. It is first of all a DeFi protocol offering great rewa...
20 Jan 2021 8 minute read 2 comments MuyAsk
Hey guys :) I’m back with another comprehensive Q&A piece, this time for the cross-chain DeFi platform driving DeFi into the next stage of innovation – Alpha Finance (ALPHA). Alpha Finance is an ambitious DeFi platform with developers backed by VC th...
13 Jan 2021 1 minute read 0 comments Makingdigital
I am quite enthusiastic about the growth of the Defi, at least they generate a lot of confidence and benefit to be able to create recurring sources of passive income in the time that they release me from my job. One of the highlights of this month is...
13 Jan 2021 1 minute read 19 comments PVM
I decided to up my game in 2021 and sent some Binance Coin (BNB) to make some dough! If you send anything on PancakeSwap, don't forget to send it as BEP20 (BSC) to avoid any unpleasant events, such as losing the assets. This is the middle option. I h...
5 Jan 2021 2 minute read 37 comments PVM
Many years ago, I went to a fortune telling session. The gypsy mystic told me that my future is disturbingly sad! This is how the story of the shitcoin symbiot begins. This alien creature slowly took control of my wallets and infested good crypto and...
2 Jan 2021 1 minute read 0 comments Makingdigital
The Alpha Homora token is designed to give users the ability to enter into liquidity mining. Most of all, those who are dedicated to Yield Farming DeFi can leverage their positions. Probably the first time that leverage enters the scene for lovers of...
30 Dec 2020 3 minute read 23 comments PVM
One month ago I had my first contact with PancakeSwap, after seeing the Binance announcement and reading about the limited offer to stake Binance Coin (BNB) and get CAKE. The collaboration shared $120,000 to everyone who staking Binance Coin (BNB) on...
