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17 Mar, 5 tweets, 2 min read
In 1 hour when the countdown clock ends and when #AlphaHomora goes live on #BinanceSmartChain,

the liquidity mining program will start, distributing both
👉 $ALPHA and
👉 $CAKE to users.

blog.alphafinance.io/t-1-liquidity-…
2/ The liquidity mining program will be broken down into multiple 2-week periods.

The first 2-week period starts from Mar 17th, 05:15am UTC to Mar 31st, 2pm UTC:

Towards the end of the current period, we will share more details on rewards distribution for the following period.
3/ Mar 17th, 05:15am UTC - Mar 31st, 2pm UTC:

250,000 $ALPHA will be distributed to the following users on #AlphaHomora (vBSC)
👉 70% to $BNB lenders
👉 30% to leveraged yield farmers

and 5,000 $CAKE will be distributed to
👉 100% to leveraged yield farmers
4/ You can check ALPHA and CAKE earned by clicking on your wallet address on #AlphaHomora (vBSC).

Users will be able to claim rewards every Wed (starting next Wed) a few hours after 2pm UTC by clicking on your wallet address then clicking claim.
5/ For the official blog post, see below.

blog.alphafinance.io/t-1-liquidity-…

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More from @AlphaFinanceLab

Alpha Finance Lab Profile picture
17 Mar
#AlphaHomora on #BinanceSmartChain is now live!

The beginning of a multi-chain Alpha ecosystem and the value accrual mechanism across multiple chains starts now.
2/ To make sure users have all the information they need to lend $BNB and open leveraged yield farming positions on #AlphaHomora (vBSC), we have prepared multiple step-by-step guides for our users.
3/ The multiple step-by-step guides are broken down into:
1⃣Setting up BSC on @MetaMask

2⃣Transferring ERC-20 to BEP-20 token standard

3⃣Using #AlphaHomora (vBSC) as a lender

4⃣Using #AlphaHomora (vBSC) as a leveraged yield farmer
Read 5 tweets
Alpha Finance Lab Profile picture
17 Mar
This second part of the full information series on the upcoming #AlphaHomora launch on @binance Smart Chain is to make sure users understand leveraged yield farming and Alpha Homora.

blog.alphafinance.io/part-2-underst…
2/ What is leveraged #yieldfarming?

Leveraged yield farming is a concept innovated by Alpha Finance Lab.

#AlphaHomora, deployed on Ethereum in October 2020, is developed by Alpha Finance Lab and is the first leveraged yield farming product in #DeFi.
3/ Leveraged yield farming is a mechanism that allows farmers to lever up their yield farming position, meaning to borrow external liquidity & add to their liquidity to yield farm.

Having more liquidity to yield farm, users gain more rewards & a larger share of the trading fees.
Read 8 tweets
Alpha Finance Lab Profile picture
17 Mar
The 3-hour countdown clock to when #AlphaHomora on @binance Smart Chain (#BSC) goes live has now started!
2/ Since day 1, we've envisioned the #Alpha ecosystem to be blockchain agnostic & to become a forefront, multi-chain #DeFi ecosystem.

With the upcoming $ALPHA tokenomics & the multi-chain Alpha ecosystem, ALPHA token holders will be the key to drive and benefit from this growth. Image
3/ Within the next 3 hours, we will periodically share more details in an information series about #AlphaHomora (vBSC) to make sure existing users from Ethereum and new users have everything they need to get started.
Read 7 tweets
Alpha Finance Lab Profile picture
1 Mar
$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.

blog.alphafinance.io/alpha-staking-…
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.
Read 5 tweets
Alpha Finance Lab Profile picture
22 Feb
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. 🚀

TL;DR 👇
blog.alphafinance.io/joint-announce…
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.
Read 11 tweets
Alpha Finance Lab Profile picture
13 Feb
Dear Alpha community, our partners, and DeFi users, we'd like to share a post mortem on the recent Alpha Homora V2 exploit.

We’d like to sincerely thank everyone who has helped us, both on the technical and non-technical sides.

TL;DR 👇

blog.alphafinance.io/alpha-homora-v…
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.
3/ Alpha team will work with @AndreCronjeTech and @CreamdotFinance team to find remedial actions to resolve the debt.
Read 8 tweets

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