1/ π’ #AlphaX is now LIVE on @avalancheavax mainnet πππ
β Take Long or Short positions on $AVAX or $WETH with leverage
β High capital efficiency
β Tradeable #StrikeTokens
β Earn high APY from liquidity mining π°π°π°
x.alphafinance.io
β Take Long or Short positions on $AVAX or $WETH with leverage
β High capital efficiency
β Tradeable #StrikeTokens
β Earn high APY from liquidity mining π°π°π°
x.alphafinance.io
https://twitter.com/AlphaFinanceLab/status/1468581193872404483
2/ π‘ #AlphaX introduces a new concept of #StrikeTokens.
π LONG Strike Tokens: $AVAX-X & $ETH-X
π SHORT Strike Tokens: $Y-AVAX & $Y-ETH
These tokens are ERC-20 compatible, and can be supplied & traded on @traderjoe_xyz.
π LONG Strike Tokens: $AVAX-X & $ETH-X
π SHORT Strike Tokens: $Y-AVAX & $Y-ETH
These tokens are ERC-20 compatible, and can be supplied & traded on @traderjoe_xyz.
3/ π Mint & Redeem
β‘οΈ Anyone can use $USDC to **mint** any pair of LONG and SHORT Strike Tokens.
β‘οΈ Anyone can use any pair of LONG and SHORT Strike Tokens to **redeem** the underlying $USDC back.
β¨ #AlphaX is **fully collateralized**.
β‘οΈ Anyone can use $USDC to **mint** any pair of LONG and SHORT Strike Tokens.
β‘οΈ Anyone can use any pair of LONG and SHORT Strike Tokens to **redeem** the underlying $USDC back.
β¨ #AlphaX is **fully collateralized**.
4/ π Price pegging
β‘οΈ LONG Strike Tokens $ETH-X should be pegged to ETH price minus the strike price X.
β‘οΈ SHORT Strike Tokens $Y-ETH should be pegged to strike price Y minus ETH price.
β‘οΈ LONG Strike Tokens $ETH-X should be pegged to ETH price minus the strike price X.
β‘οΈ SHORT Strike Tokens $Y-ETH should be pegged to strike price Y minus ETH price.
5/ π€ Arbitraging
β‘οΈ If the market price of a strike token is too low, you can **buy** the token from the pool and gain profit.
β‘οΈ If the market price of a strike token is too high, you can **sell** the token to the pool and gain profit.
More info here: hackmd.io/6ooK2hUSRi6Ne3β¦
β‘οΈ If the market price of a strike token is too low, you can **buy** the token from the pool and gain profit.
β‘οΈ If the market price of a strike token is too high, you can **sell** the token to the pool and gain profit.
More info here: hackmd.io/6ooK2hUSRi6Ne3β¦
5/ βοΈLiquidation Risk
β‘οΈ LONG Strike Tokens: The higher the value X, the higher the risk of $ETH-X will get destroyed & liquidated.
β‘οΈ SHORT Strike Tokens: The lower the value Y, the higher the risk of $Y-ETH will get destroyed & liquidated.
β‘οΈ LONG Strike Tokens: The higher the value X, the higher the risk of $ETH-X will get destroyed & liquidated.
β‘οΈ SHORT Strike Tokens: The lower the value Y, the higher the risk of $Y-ETH will get destroyed & liquidated.
6/ π¦ β Liquidity Mining
π° Simply earn $ALPHA high liquidity mining rewards from providing liquidity of #StrikeTokens / $USDC pair in @traderjoe_xyz.
More info here: alphafinancelab.gitbook.io/alphax/gettingβ¦
π° Simply earn $ALPHA high liquidity mining rewards from providing liquidity of #StrikeTokens / $USDC pair in @traderjoe_xyz.
More info here: alphafinancelab.gitbook.io/alphax/gettingβ¦
7/
GitBook Documentation: alphafinancelab.gitbook.io/alphax/
Join our Discord: discord.gg/pdd6tJHk
Enter app: x.alphafinance.io
GitBook Documentation: alphafinancelab.gitbook.io/alphax/
Join our Discord: discord.gg/pdd6tJHk
Enter app: x.alphafinance.io
β’ β’ β’
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