New Liquidity Mining Period & Rewards for ibETHv2/ALPHA LP

This post was originally published on Alpha Finance

Announcing the new liquidity mining period for Alpha Homora – both on Ethereum (V1 and V2) and BSC (v1). This is the first period that the claimable rewards for eligible users on Ethereum will be in sALPHA (staked version of ALPHA).

For those who haven’t migrated from Alpha Homora V1 Ethereum to V2, be sure to migrate for more functionalities and rewards.

Additionally, up until September 29th, ibETHv2/ALPHA liquidity providers for the pool on Sushiswap had been accruing rewards since Alpha Homora V2 also distributed rewards to ETH lenders (or ibETHv2 holders). In the last section of this blog, we’ll share next steps for this reward distribution.

Alpha Homora V1 and V2 on Ethereum: New Liquidity Mining Period

The new liquidity mining period is from October 13th, 8am UTC – October 27th, 8am UTC.

1,500,000 ALPHA will be distributed to the following eligible users:

  • 4.1% to stablecoin lenders on Alpha Homora V2 (USDT, USDC, DAI):
  • 11% to ETH lenders on Alpha Homora V2:
  • 84.9% to Alpha Homora V1 and V2 users who open leveraged positions of more than 1x (including leverage yield farming and leverage liquidity providing positions):

ALPHA rewards will be available to claim:

biswap
  • By October 20th for the new period (ending October 13th)
  • By November 3rd for the new period (ending October 27th)

For more details on how to claim these rewards, please see our guide.

Alpha Homora V1 BSC: Next Liquidity Mining Period

The new liquidity mining period will be from October 13th, 8am UTC – October 27th, 8am UTC.

  • 60,000 ALPHA will be distributed between October 13th – October 27th to borrowers (or yield farmers who open leverage positions of more than 1x).

ALPHA rewards will be available to claim:

  • By October 20th for the new period (ending October 13th)
  • By November 3rd for the new period (ending October 27th)

For more details on how to claim these rewards, please see our guide.

ibETHv2/ALPHA liquidity providers

Up until September 29th, ibETHv2/ALPHA liquidity providers for the pool on Sushiswap had been accruing rewards since Alpha Homora V2 also distributed rewards to ETH lenders (or ibETHv2 holders).

You will be able to claim these ALPHA rewards on October 20th onwards directly on Alpha Homora V2 app. We will share a step-by-step guide on how you can claim this again.


About Alpha Finance Lab

Alpha Finance Lab is a DeFi Lab, and on a mission to build

Leave a Comment