Alpha Finance Lab (ALPHA)
- Category: Yield Aggregator
- Coin Launched: October, 2017
- Resources: White Paper
- Official Website: Alpha Finance Lab
- Reddit: Alpha Finance Lab
ALPHA TOKEN History / Information / Buying / Staking
ALPHA TOKEN HISTORY
Although Alpha Finance Lab was originally advertised as a new DeFi platform on Binance Smart Chain with its flagship product "Alpha Lending", the team soon rotated to Ethereum and launched Alpha Homora. Alpha Homora Alpha Homora is a lending market focused on leveraged yield farming and liquidity providing. Within its first 3 months, Alpha Homora has achieved significant product market fit and reached more than $500M in total value locked (TVL). Alpha X AlphaX is a decentralized, non-orderbook perpetual swap trading market, enabling leveraged short and long positions. Currently live on Testnet, AlphaX is the second Alpha Finance Lab product to launch on Ethereum Alpha lending Alpha Lending is a decentralized lending protocol on Binance Smart Chain and the first product announced by Alpha Finance Lab. Currently live on Testnet.
HOW ALPHA TOKEN WORKS
Alpha Finance Lab is an ecosystem of DeFi products that will interoperate to maximize returns while minimizing risks for users. Alpha products focus on capturing unaddressed demand in DeFi in an innovative and user-friendly way.
BENEFITS OF USING ALPHA TOKEN
Some of the benefits of using Alpha Token are:
This feature helps to participate in yield farming, which both yield farmers and the wider DeFi industry benefit from. Alpha Homora, an aspect of Alpha finance, makes it possible for users to earn higher APYs without having to trust any intermediaries.
The addition of Alpha Homora to the ecosystem of Alpha Finance provides additional synergy for the ALPHA token. The tokens are used as part of Alpha Homora protocol governance, as with other Alpha products. A significant step towards achieving long-term sustainability is to include the community.
A big point of concern for investors is smart contract audits. Numerous DeFi ventures have been initiated without a proper safety examination. In comparison, Peckshield has audited the smart contracts of Alpha Homora.
CAN YOU STAKE ALPHA TOKEN
Alpha Tokenomics allows token holders to stake ALPHA tokens. ALPHA stakers will earn a share of protocol fees collected from the Alpha Universe, earn Alpha Launchpad's incubated projects' tokens, and unlock specific features on Alpha products.
COINS SIMILAR TO ALPHA TOKEN
Direct competition to Alpha Token which are considered similar coins are: