#AlphaX is a decentralized non-orderbook perpetual swap product. $ALPHA team has come up with a unique engineering and implementation design that will make #AlphaX uniquely different from other perpetual swap products in the market.
2) Notable features include:
πNon-orderbook markets on any asset that has a non-manipulatable price feed
@AlphaFinanceLab would like to welcome December with a partnership and integration between #AlphaHomora and @AaveAave with the newly added feature of βEarn on Aave + ETHβ π
2) Since the deposit APY on $ETH on #AlphaHomora is higher than the borrow APY on $ETH on @AaveAave, you will already earn from this difference in addition to the deposit APY of other assets you lend on Aave!
Users can go through 3 simple steps to earn from this π
3) Step 1: Through #AlphaHomora frontend, first lend asset on @AaveAave and use it as collateral OR if you have already lent and turned on the collateral, then you can skip to step 2
We'd like to share our response to the misrepresented information from @defiyield_info, as Defiyield does not fully understand the rationale which they would have had they reach out to discuss π
1. First point on 96% of the token supply in a wallet:
This is genesis minting, generating all supply on *both* Ethereum and Binance Smart Chain. Currently, a fully decentralized cross-chain bridge does not exist at the moment so we need to rely on a more centralized approach.
1.1 The biggest holder on Ethereum (964,300,000 ALPHA) is the locked token and can only be unlocked when ALPHA token on Binance Smart Chain (BSC) is transferred to the same address. This is how cross-chain functionality can be deployed on BSC, and how ALPHA can be on both chains.