$ALPHA staking, one of the many important components of ALPHA tokenomics, will start going through security review by top security researchers in @ReviewsDAO community.
This is in addition to the full audit currently being conducted by @peckshield.
2/ As Alpha Finance Lab is an innovative DeFi lab, we're building multiple DeFi products to capture unaddressed demand and lead DeFi through the next growth phase.
With ALPHA tokenomics, $ALPHA token holders will be an integral part of the growing Alpha ecosystem.
3/ By working with Reviews DAO in addition to other security measures, we are taking this opportunity to make Alpha ecosystem more secure, drive DeFi security forward, and hope to set a new standard for many other DeFi projects.
4/ For security researchers and experts interested in reviewing ALPHA staking contract, you can post your interest with proof of skills in the Reviews DAO forum here: forum.dao.reviews/t/alpha-financ…
The full details of what ALPHA tokenomics entails will be shared with the community soon
5/ For official blog announcement, please see below.
Joint announcement between Alpha and @CreamdotFinance on the funds repayment details.
Now that we have overcome one of the most challenging times for a DeFi project, we are more than excited for what is to come for both Alpha and C.R.E.A.M. 🚀
2/ The following breaks down the funds that Alpha Homora V2 owes to the C.R.E.A.M. V2 Iron Bank:
- 13,245 ETH
- 4,263,139 DAI
- 4,032,014 USDC
- 5,647,242 USDT
- Interest accrued from the additional debt above
3/ Both Alpha and C.R.E.A.M. will use 1,000 ETH sent by the exploiter to Alpha Homora V2 and C.R.E.A.M. V2 deployers to payoff the additional debt.
2/ The debt is not between users and Alpha Homora v2, but between Alpha Homora V2 and Cream V2.
This is because Alpha Homora V2 is integrated with Cream V2 (Iron Bank) in a protocol-to-protocol lending way. Thus, the debt is between the two protocols and not the users.