Thread by @AlphaFinanceLab

1/8 Details on the new liquidity mining periods for Alpha Homora - Ethereum (V1 & V2) and BSC (V1)👇

👉 July 7th, 8am UTC - July 21st, 8am UTC

👉 Leverage yield farming on Alpha Homora V2 gives ~2x the ALPHA rewards than on V1🔥

blog.alphafinance.io/announcing-new…

2/8 Users on Alpha Homora V1 (on Ethereum) should migrate to V2 for:

1⃣Higher farming APY🔥
2⃣~2x ALPHA rewards.
3⃣Higher lending interest rates on $ETH. 📈

3/8 For Alpha Homora V1 and V2 on Ethereum:

4,000,000 ALPHA will be distributed between July 7th and July 21st, 8am UTC to the following eligible users 👇

4/8 1⃣8% to stablecoin lenders on Alpha Homora V2 (USDT, USDC, DAI).

2⃣7% to ETH lenders on Alpha Homora V2.

3⃣85% to Alpha Homora V1 and V2 users who open leverage positions of more than 1x (including leverage yield farming and leverage liquidity providing positions).

5/8 Alpha Homora V1 BSC:

250,000 ALPHA will be distributed between July 7th - July 21st, 8am UTC to borrowers (or yield farmers who open leverage positions of more than 1x).

6/8 ALPHA rewards will be available to claim by:

👉July 14th for the latest period (ended July 7th)
👉July 28th for the new period (ending July 21st)

7/8 Additional note: Some of the users have accidentally claimed more ALPHA than what they are eligible to in the last period.

To avoid complication on user's end, the new period will deduct these rewards from the selected few users who have claimed more than what is eligible.

8/8 For the official blog announcement, refer to the link below.

blog.alphafinance.io/announcing-new…