Thread by @AlphaFinanceLab

1/ 🔔June Summary🔔

It was an intense month of building here at #Alpha and we would like to give the #AlphaWolf community our monthly recap on what we’ve built. 🐺

blog.alphafinance.io/june-summary/

2/ The details are broken down into the sections below: 👇
1⃣Alpha Homora
2⃣AlphaX
3⃣Alpha Tokenomics
4⃣Alpha Launchpad
5⃣Alpha Oracle Aggregator

3/ Starting with Alpha Homora, TVL across all Alpha Homora products is standing at ~$1.19B. 📈

#AlphaHomoraV2 has also consistently been able to maintain high lending rates as compared to other lending protocols in the market. 🏆

Here’s a quick comparison:

4/ Users lending ETH or leverage yield farming on Alpha Homora V1 are encouraged to migrate to V2 for:

👉Higher lending and farming APY
👉~2x the ALPHA rewards

Learn how to migrate here: alphafinancelab.gitbook.io/alpha-homora-v…

5/ Features & partnerships we added on Alpha Homora V2:

✅Basic/Advanced farming mode
✅Inactive positions tab
✅ @epnsproject noti integration
✅ @insur_ace & @NexusMutual insurance coverage
✅ @imTokenOfficial wallet support
✅ @SpookySwap airdrop of BOO to early Alpha users

6/ Here's where we're at on #AlphaX now:

✅Product ideation

✅Fine-tune for product-market fit

✅Smart contract development

✅Internal test & review

📍Smart contract audit by @Consensys

We can’t wait to share what we have in store for the community!

7/ Alpha Tokenomics update👀:

In addition to V1 and vBSC, Alpha Homora V2 has generated over ~$943k in fees in 2 months. These protocol fees from V2 have started to be distributed to ALPHA stakers.

Alpha holders can now stake and earn ~13% APY from collected protocol fees!

8/ Since the start of Alpha Homora, ~$5.1m in protocol fees have been collected across V1, vBSC, V2.

Applying a 12-Month run rate, Alpha Homora products would generate over ~$15.28m in fees on an annualised basis.

Alpha ranks 10th on @tokenterminal based on fees generated.

9/ The number of $ALPHA staked has been increasing steadily.📈

Currently, over 30% of the circulating supply of $ALPHA is being staked on Alpha Tokenomics, amounting to ~86.9m ALPHA (~$64.3m)!

Users can stake their ALPHA in the link below.
tokenomics.alphafinance.io

10/ Recently we launched the #AlphaLaunchpad, the first DeFi incubator program built by builders for builers.

ALPHA stakers will also benefit from Alpha Launchpad by getting:
👉Incubated projects’ tokens
👉Selected incubated projects’ protocol fees

11/ Here are some ways incubated projects can benefit from the launchpad:
1⃣Product-market fit
2⃣Tech consulting
3⃣Business & growth hacking consulting
4⃣Token economics design
5⃣Fundraising process:
6⃣Launch supported by Alpha
7⃣Be a part of the Alpha Universe

12/ Alpha Oracle Aggregator update:

We partnered with @BandProtocol to connect and support interested DeFi teams looking to alleviate dependencies on a sole oracle solution by using Alpha Oracle Aggregator.

More details 👇

13/ DeFi teams will be able to customize an oracle solution with on-chain price feeds such as Uniswap and Sushiswap via Alpha Oracle Aggregator.

Interested teams can contact @BandProtocol through Alpha to start scoping out details.

14/ We are also having an Ask-Me-Anything (AMA) event on July 7th, 3:30PM UTC on Alpha discord for the Alpha Wolf community! 🐺

Come join and get some alpha! 💸

15/ For the full blog post, see below.

blog.alphafinance.io/june-summary/